Universal Music Group Sues MySpace

"Universal Music Group is taking on the Internet's most popular social networking site and its global media parent. UMG labels and publishers sued MySpace and parent company News Corporation today (Nov. 17) for copyright infringement. "

"Businesses that seek to trade off on our content, and the hard work of our artists and songwriters, shouldn’t be free to do so without permission and without fairly compensating the content creators," a UMPG spokesperson said in a statement. "Our music and videos play a key role in building the communities that have created hundreds of millions of dollars of value for the owners of MySpace. Our goal is not to inhibit the creation of these communities, but to ensure that our rights and those of our artists are recognized."

hmm...another beast at bay. I'm just wondering/hoping that myspace might be replaced one day by a non-commercial (or less commercial), entity. That might change everything if the "portal" wasn't really making millions off ads. (eventhough I've read myspace has so much adspace it can't give it away) The great myspace migration would be an epic day. Craigspace!!!
(right now this is what i find for craigspace is some australian guy's blog)

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