But why sue? Because UMG notified the site in July it was considering legal action against Veoh for "massively infringing" its copyrights. Once upon a time, UMG also threatened to sue Google's video site YouTube, but the two parties eventually agreed to a partnership instead.

In a statement, the company tried to pass off that deal as a success (which is doubtful), saying that Veoh is "about trying to build a business on the backs of our artists and songwriters without fairly compensating them for the use of their works." Of course, for most content owners, YouTube is guilty of the same thing.

Read the whole story at Associated Press.

This news story is important. I recommend that everyone read it.