News Byte

Citigroup Wins, Guy Hands Loses and EMI Moves Closer to Warner

As of today four big music labels dominate the industry, but a court ruling just increased the chances that the number will shrink to three. A New York jury has ruled against Guy Hands, whose Terra Firma private equity shop owns EMI Music Group, in a suit he brought against Citigroup. Details here, but the only one you care about is that this makes it that much more likely that Citi will end up owning EMI, then selling it, most likely to rival Warner Music Group.

News Byte

Viacom Grabs a Big Legal Gun for Its Next YouTube Fight

Viacom, which got roughed up quite badly in the last round of its YouTube copyright fight, has called in reinforcements. The cable giant has hired legal heavyweight Theodore Olson to help it appeal last spring’s federal court decision, which went entirely in Google’s favor. Olson’s long list of credentials include a three-year stint as George W. Bush’s top attorney, a job that included arguing lots of cases in front of the Supreme Court. Which is where Viacom/Google could eventually land.

Pirate Bay Runs Aground, Again

The Pirate Bay, the world’s most notorious hub for illegal downloads, is down again, apparently due to a German court order. Decent odds it pops up fairly quickly. In the meantime, LimeWire is still up and running despite a devastating legal loss last week.

Viacom and Google Fight in Court, but Work Together to Keep Kanye West Off of YouTube

Yes, Viacom is still suing Google for a billion dollars, because it says too many of its videos showed up on YouTube. But that doesn’t mean Viacom and Google can’t work together to prevent the cable giant’s videos from showing up on YouTube. Want to see this in action? Go to YouTube and try to find a clip of the Kanye West/Taylor Swift/Beyoncé incident from Sunday night’s Video Music Awards.
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