Music Labels caught in hypocrisy
VEVO, the music video website owned by Universal Music Group, Sony Music Entertainment, and the Abu Dhabi Media Group, has been caught in the act of online video piracy during a recent Sundance event the site hosted. What makes this most juicy is these companies are the main force behind the Recording Industry Association of America (RIAA), which has taken a very hard line stance against online media sharing, and suing children for over $22,000 for downloading songs illegally.
Tech Crunch journalists Jason Kincaid discovered this hypocrisy while attending the event sponsored by VEVO. The video screens at this event were all tuned into a pirated video stream of an NFL playoff game between the Baltimore Ravens and the New England Patriots.
The video Mr. Kincaid recorded for this story tells it all, and it should definitely warm your heart.