Social networking site MySpace has decided to let members post copyright protected video, and share the ad revenue with the original content producer, rather than constantly monitoring the site and pulling down offending videos. The first revenue partnership is with Viacom and the deal covers popular shows including “The Colbert Report” and “The Hill”. It’s a fresh approach in the copyright wars and may be one that is agreeable to all sides. We’ll see how this plays into the MySpace plans to try and make a profit.
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