Hollywood Studios Launch Lawsuit Against Megaupload
Found on Hollywood Reporter on Monday, 07 April 2014
The announcement of a copyright lawsuit in Virginia federal court isn't quite as surprising as the January 2012 raid that shut down Megaupload, but due to the statute of limitations, 20th Century Fox, Disney, Paramount, Universal, Columbia Pictures and Warner Bros. needed to act.
His adversaries in Hollywood are now suing Megaupload, which at its height claimed more than 180 million registered users and an average of 50 million visitors and 4 percent of total Internet traffic on a given day.
It doesn't matter at all if they win or not; their current business model is dead and they don't even attempt to adjust to a new era.