Universal Music sues MySpace over music copyrights

NEW YORK (Reuters) - Universal Music Group, the world's largest music company, said on Friday it filed a lawsuit against popular social networking site MySpace for infringing copyrights of thousands of its artists' works.

YOUTUBE DEAL AVERTS LAWSUIT

In the case of YouTube, now owned by Google Inc. (Nasdaq:GOOG - news), Universal Music reached a licensing agreement to give the site and its users access to thousands of music videos.

Full Coverage: Digital Media & File Sharing