DivX On Stage6 Shutdown: Copyright, Costs To Blame; Universal Music Asked For $30 Million (CBS News)

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Copyright issues contributed to the shutdown of Stage6, the video sharing site owned by DivX, says management. On last night's conference call, reported by CNET, CFO Dan Halvorsen cited "potential copyright litigation" in explaining the move. Apparently, the company preemptively went to court to win an order proclaiming it not responsible for illegal actions taken on the site. Universal Music ...

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