Universal Music has accused YouTube and MySpace of infringing on the rights of their artists music videos during an investors conference. Universal's chief executive stated that the two companies owed them tens of millions of dollars in copyright infringement money. Universal is expected to release a statement about how they will deal with the infringers in due time.

YouTube has been known to take down copyright related materials when they have been notified by rights holder. It should be interesting to see how this pans out. The greatness behind sites like YouTube is held in the mass video appeal, from personal videos, to artist music videos. Take the music, and music videos away, and what are we left with? This could cause a little bump. However, what if YouTube and MySpace were to pay per view for each music video played?

In Universals Chief Executives speech to investors, he did state that record companies are keen at avoiding the mistakes that were made when MTV was set up, by letting artist's music to be aired for free, creating a multi-billion dollar company in the process.