With the dust settling on Google's acquisition of YouTube (in an all stock transaction last week) the boundaries of both business models and copyright law seem likely to get "reset" as massive media conglomerates (and the mandarins who run them) try to make sense out the emerging internet media landscape.
This ought to be fun to watch...
Link to VentureBeat.
UPDATE: here's a Prof. Michael Geist article from The Toronto Star (10/16/06) on why YouTube won't be the next Napster.
UPDATE: GigaOm reports "and so it begins" by Universal, but the suits are against relatively small companies. "Got Precedent"?
