Mygazines.com is a Flash based site where you can read most of your favorite magazines online for free. The big question is for how long, since this is copyrighted material after all, and as Folio reports, the magazine trade association MPA has already threatened legal action against the site.

Content on the site is uploaded by users and then displayed in a neat Flipbook reader with lots of tools like zoom, search, keyboard shortcuts, article directory, etc. You can also create your own magazine with content you supposedly own, upload it and share with others.

Since the site was registered in the Caribbean island of Anguilla, and is hosted by PRQ of Sweden, the same web host of Pirate Bay infamy, does the piracy theme apply? Although there are arguments aplenty for why publishers should be happy about their content being shared online - increased readership, more ad views, ability to go viral, etc., there is still that pesky copyright infringement argument that just won't go away.

[via popacular]