The first lawsuit for illegal video sharing on the internet has been filed. Somehow I just don't see this ever really being successful though:
Expect this to be the first of many.
Universal Music, the world’s largest record company, has launched the established media industry’s first legal action against user-generated internet sites in the wake of its distribution deal last week with YouTube, the most popular video-sharing website.
In separate lawsuits, Universal alleged that Grouper.com – recently acquired by Sony Pictures Entertainment – and Bolt.com had built up traffic by encouraging users to share music videos from its artists without their permission. In one incident, it claimed a video for the Mariah Carey song “Shake it Off” was viewed more than 50,000 times on Grouper without the company’s permission.