Megaupload, one of the internet's largest file-sharing sites, has been shut down by officials in the US.
The site's founders have been charged with violating piracy laws.
Federal prosecutors have accused it of costing copyright holders more than $500m (£320m) in lost revenue. The firm says it was diligent in responding to complaints about pirated material.
In response, the hackers group Anonymous has targeted the FBI and US Department of Justice websites.
More:
http://www.bbc.co.uk/news/technology-16642369
New Zealand police seized a treasure trove of luxury goods from the founder of file-sharing site Megaupload.com Friday as four suspected Internet pirates
wanted in the United States appeared in court.
More:
http://news.yahoo.com/file-sharing-shut-down-seven-indicted-us-012511395.html
sure, just as you get stuff over the air from radio stations for free. But Youtube (owned by Google) are benefiting hugely from all that content everybody puts up.
at least the movie industry is taking piracy a lot more seriously than the music industry did a decade ago, remember Napster?
Imagine the artist revenues if sites like youtube had to follow the radio broadcasting model of paying royalties for what gets played, or in this case, streamed!