AP reporter Alex Viega writes that Universal Music Group CEO Doug Morris blasts YouTube, MySpace over copyrights.
Attack attack attack ... Is that all the music industry knows how to do when faced with the fact that their business
is changing has changed?
Morris said the wildly popular Web sites YouTube and MySpace are violating copyright laws by allowing users to post music videos and other content involving Universal artists.The story is also being reported in the New York Post, LA Times and Reuters, but once you've got the gist, the best read is Jarvis' Deaf and Dumb.
"We believe these new businesses are copyright infringers and owe us tens of millions of dollars," Morris told investors Wednesday at a conference in Pasadena.
"How we deal with these companies will be revealed shortly," he said.
Universal's talks with YouTube Inc. have deteriorated and the recording giant is set to file a copyright infringement lawsuit against the San Mateo-based company if no agreement is reached by the end of the month, according to a person familiar with the talks who spoke on condition of anonymity, citing the confidential nature of the negotiations.
Universal's talks with News Corp.'s MySpace have been progressing, the person said.
The smartest thing YouTube could do is just take all of Universalís artists off and watch them scream when suddenly theyíre not talked about and bought as much as their competitors. These dimwits just donít get it: YouTube and MySpace and blogs and the internet are their new distribution and sales channels. Want to cut off your noses to spite your faces? Fine. Hereís the knife.Jeff then sums it up nicely, "You canít teach an old mogul new tricks."
Technorati Tags: social.networks, myspace
Friday, September 15, 2006