The action also asserts that MySpace "knowingly and intentionally operated its business on the fiction that it has obtained the licenses it needs to exist from members that MySpace well knows are not the true copyright owners." Additionally, the label noted that MySpace "encourages, facilitates and participates in the unauthorized reproduction, adaptation, distribution and public performance" of its works. The suit is seeking damages of $150,000 per infringing track, either in audio or video form. [will Myspace remove all Universal artists pages now? Why give a free promo vehicle to a company that's suing you?] - Click here for the Full Story

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