Universal Music Group, the world's largest record company, contends 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.

"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. "How we deal with these companies will be revealed shortly."

http://abcnews.go.com/Technology/wireStory?id=2447506

Haha, if thats true, goodluck..

Everybody (company wise) is trying to bring down youtube.

BUT YOUtube doesnt take away fomr buisnesses
if anything it gives more promotion

nah, why buy a digital subscription for mtv when all the videos are available for free on the tinternet?