Breaking: Veoh Sues Universal Music
Perhaps new Veoh CEO Steve Mitgang is the kind of guy you donÃ¢â‚¬â„¢t want to try to intimidate. He just called me to say that Universal Music made one too many threats to sue his company. To protect themselves, they are suing Universal Music in federal court and seeking what is known as a declaratory injunction to bar Universal from taking legal action.
Given that the lawsuits tend to flow one way against the video startups, this is a major surprise.
Full story: Techcrunch.com