NEW YORK – Arts and Labs Co-chairs Mike McCurry and Mark McKinnon released the following statement on Google’s decision to end its agreement with Yahoo:
“Consumers have made clear that they want as many online alternatives as possible. To address Internet consumers’ diverse interests, online innovators are continually developing new business models to provide consumers with an expanding variety of legal content.
Termination of the Google-Yahoo partnership, which would have allowed one company to control online advertising, keeps the door open for vibrant online competition. By preserving competitors’ ability to create new business models for Internet services, today’s developments should enable Internet users to enjoy the full benefits of creativity and innovation.
Government scrutiny of this deal worked to help protect innovation and competition on the Internet. The entire Internet ecosystem – consumers, creators, innovators, and companies – will be better off as a result.”