Music Labels Score Big From YouTube Sale To Google

Posted on Oct 20, 2006

Vivendi’s Universal Music Group, Sony and Bertelsmann’s jointly owned Sony BMG Music Entertainment and the Warner Music Group are set to cash in from Google’s $1.65 Billion dollar buyout of YouTube. Each adroitly negotiated to take small stakes in YouTube as part of video and music licensing deals they struck shortly before the sale. The music companies collectively stand to receive as much as $50 million from these...

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Universal Sues Bolt & Grouper For Violating Copyrights

Posted on Oct 20, 2006

Universal Music Group is suing the operators of two video-sharing websites Bolt and Grouper, claiming they illegally let users share music videos and other copyright material without permission. Universal Music, the world’s largest recording company, filed separate lawsuits against Grouper Networks Inc., operator of Grouper.com, and Bolt Inc., which runs Bolt.com. Sony Corp.’s Sony Pictures Entertainment acquired Grouper...

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