Universal Music CEO threatens MySpace, YouTube

Universal Music's CEO Doug Morris told a Merril Lynch investor's conference that he plans to attack MySpace and YouTube for copyright infringement:

"The poster child for (user-generated media) sites are MySpace and YouTube," said Morris, according to a transcript obtained by Reuters. "We believe these new businesses are copyright infringers and owe us tens of millions of dollars."

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

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(Thanks, Andrew!)