Google Inc.’s share price up, accuses the MPAA of secretly organizing regulatory actions against it

Google Inc. shared its concern that state attorneys were made by the Motion Picture Association of America to put the company under pressure over anti-piracy efforts. This move is considered a sign of bringing the tensions between Silicon Valley and Hollywood over a proposed anti-piracy law in the U.S. in 2011.

According to Google, the global general counsel of the Motion Picture Association of America, Steven Fabrizio, has been plotting with other members of the film industry to provoke regulatory actions against the company.

The general counsel of Google, Kent Walker, wrote in a blog post, cited by Bloomberg: “One disappointing part of this story is what this all means for the MPAA itself, an organization founded in part ‘to promote and defend the First Amendment and artists’ right to free expression. Why, then, is it trying to secretly censor the Internet?”

According to the U.S.-based company, which owns the largest search engine in the world, the major lobbying arm of Hollywood, Motion Picture Association of America, has been secretly plotting with Mississippis attorney general to start changes to the trade of information on the Internet without implementing new laws.

The General Attorney of Mississippi, Jim Hood, rejected the claims. Mr. Hood explained that he had worked in collaboration with the Motion Picture Association of America, and according to his written statement, a large number of issues has been worked on by him and Internet companies.

As reported by CNET, Mr. Hood said: “Were just saying that if a website has 90 percent illegal material, they shouldnt put them in search results. Weve been working on these issues for years, and Google full well knows that.”

The official representatives of Google did not respond to requests for comment on the matter.

Google Inc. was up 1.23% to close at $511.10 per share yesterday. The company is valued at $343.03 billion. According to CNN Money, the 42 analysts offering 12-month price forecasts for Google Inc. have a median target of $636.00, with a high estimate of $750.00 and a low estimate of $530.00. The median estimate represents a +25.22% increase from the last price of $511.10.