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Universal Music Group, the world's largest record company, contends the wildly popular Web sites YouTube and MySpace are violating copyright laws by allowing users to post music videos and other content involving Universal artists.
[...]
Universal's talks with YouTube Inc. have deteriorated and the recording giant is set to file a copyright infringement lawsuit against the video-sharing company if no agreement is reached by the end of the month, according to a person familiar with the talks who spoke on condition of anonymity, citing the confidential nature of the negotiations.
Source: Morris: YouTube, MySpace abuse copyright - Yahoo! News
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