UNIVERSAL Music Group, the world's largest music company, has filed a lawsuit against popular social networking site MySpace for infringing copyrights of thousands of its artists' works.
The lawsuit accuses MySpace of allowing users to upload videos illegally and of taking part in the infringement by reformatting the videos to be played back or sent to others.
It claims thousands of links to music from Universal's biggest artists, including Jay-Z and Gwen Stefani, are widely available on MySpace, even ahead of their release to music stores. It estimated maximum statutory damages for each copyrighted work at $150,000.
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