The Copyright Act provides courts with the discretion to award reasonable attorney's fees to a prevailing party. See 17 U.S.C. § 505. Although “[t]here is no precise rule or formula” that district courts must apply in determining whether to award attorney's fees, the Supreme Court has suggested a list of non-exclusive factors that courts may consider: “frivolousness, motivation, objective unreasonableness (both in the factual and in the legal components of the case) and the need in particular circumstances to advance considerations of compensation and deterrence.” Fogerty v. Fantasy, Inc., 510 U.S. 517, 534 & n. 19 (1994) (internal quotation marks omitted). Of these factors, “objective reasonableness ․ should be given substantial weight in determining whether an award of attorney['s] fees is warranted” because “the imposition of a fee award against a copyright holder with an objectively reasonable litigation position will generally not promote the purposes of the Copyright Act.” Matthew Bender, 240 F.3d at 122.