Universal Music Group sues MySpace over copyrights
Universal Music Group late Friday sued News's MySpace unit, alleging the social networking site has allowed its users to post millions of Universal's songs and videos onto the Internet in violation of copyright law.
The lawsuit alleges that MySpace encourages copyright infringement by taking proactive measures such as reformatting music to better suit Web browsers and offering means to share the material with others.
Read the complete story here. (Marketwatch)