The company, in an effort to bring up money for this, has sold itself to video search and aggregation site GoFish, for about $30 million in stock (GoFish is traded on OTC board). UMG sued video sharing sites Grouper and Bolt.com for allowing users to swa
In an obvious reaction to the YouTube copyright problems plaguing traditional media companies NBC Universal has decided to tackle it head-on by creating their own site. It has everything from NBC television content like the amazing “Lazy Sunday” clip,
Doug Morris has said that YouTube and MySpace are “copyright infringers and owe us tens of millions of dollars”. He added, “How we deal with these companies will be revealed shortly” - suggesting that the world’s biggest record company could be
