MySpace and MTV Turn Pirated Video Into Ad Dollars
“On Monday, social network MySpace will join Google’s YouTube unit in treating the professional video clips uploaded by its users as an opportunity to show advertising, not as a potential violation of copyright law.
MySpace, a unit of the News Corporation, plans to announce a partnership with Viacom’s MTV Networks (whose channels include Comedy Central, Nickelodeon, VH1 and MTV) and Auditude, a Palo Alto,Calif-based firm that can identify whether the video clips that users upload to the Web are owned by a television network.”
Read the complete story at NY Times