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It was only last month that Universal Music Group threatened legal action against YouTube for hosting copyrighted music videos. Now we learn that they, along with Sony, Sony BMG and Warner Music each quietly negotiated to take small stakes in YouTube as part of video- and music-licensing deals they struck shortly before Google acquired YouTube. Those deals are believed to be worth as much as $50 million.

Meanwhile, Universal has filed suit this week against Bolt and Grouper, two much smaller video sharing sites, for — wait for it — copyright infringement. Become bed fellows with one and sue the other; greedy bastards.

This entry was posted on Thursday, October 19th, 2006 at 11:52 am and is tagged with music, news, tech, web. You can discuss this entry, share pictures, and more in the pixelbomb forums. Responses are currently closed, but you can click here to generate a trackback url for your own site.