YouTube.com Scaring Music and Video Industry

Looks like the popular video sharing portal YouTube.com is scaring the music and film industry who are claiming most of the material being published on the site is bootleg music and concert videos.

eCommerce Times: More than 20,000 new video clips are sent in to YouTube every day and it attracts 15 million plays every 24 hours. Some films have attained cult status, spreading around the Internet faster than computer viruses. Long-forgotten footage has re-emerged as hugely popular entertainment after being posted by users.

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