Copyright Axe To Fall On YouTube?

Posted by ryuzaki0 on Thursday September 14, 2006 @04:56PM from the calm-before-the-storm dept.

theoddball writes "In what should come as no great surprise, Universal Music Group is preparing to file suit against YouTube for copyright infringement, the AP reports. Discussions with the site's owners have broken down (although talks are apparently still progressing with Myspace / News Corp over similar issues). From the article: 'We believe these new businesses are copyright infringers and owe us tens of millions of dollars,' Universal Music CEO Doug Morris told investors Wednesday at a conference in Pasadena. This development follows last month's announcement that YouTube is negotiating with labels to legally host videos. While the primary complaint is against music videos, one cannot help but wonder if this will also impact the many, many homemade videos using copyrighted UMG songs as a soundtrack (or — *shudder* — a lipsync.)"

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Re:Looks like the rider beat the horse by Achromatic1978 · 2006-09-15 01:14 · Score: 3, Informative

What money is YouTube making? No ads, and a $1.2M bandwidth bill a month. They only received $11M in VC, so that clock is ticking, fast.
Pop quiz: When you're looking to buy a startup, do you go for one that's just had a massive lawsuit filed against it by the entertainment industry?