Earlier this afternoon, Universal Music Group sued MySpace for copyright infringement.
The problem seems to be that Universal believes that MySpace facilitates conversion and upload of copyrighted videos and music files of their artists to unauthorized third parties.
No dollar amount on the suit yet, but Universal says that of the "thousands of links" it says it believes fosters illegal distribution, some could be worth as much as $150,000.
More suits coming for sure.. MySpace, YouTube, everyone.
The copyright wars continue.
Typical. When these giant copyright-holding companies see something that disrupts their traditional business models they either try to buy it, negotiate licenses with it or sue it.
They can't buy MySpace, negotiations with them broke down yesterday, so they are suing. That's my take.