The recent federal takedown of notorious file-sharing service Megaupload was initially seen as a huge victory for owners of copyrighted music and movies, but new research shows this may not be the case. Federal prosecutors successfully shuttered the service last month and arrested seven men associated with Megaupload including site founder Kim Dotcom, who is said to have earned $42 million from the site in 2010 alone. What was initially thought to be a victory for movie studios and record labels is turning ou...

Federal prosecutors in Virginia have shut down notorious file-sharing site Megaupload.com and charged the service’s founders with violating piracy laws. The Associated Press broke the story on Thursday, reporting that the indictment accuses Megaupload.com’s owner with costing copyright holders including record labels and movie studios more than $500 million in lost revenue. Seven people tied to Megaupload.com have been charged and four are already in custody, including the site’s founder...

Considering all of the concerns major music and movie studios have over piracy and file sharing, one would think the studios could at least manage to keep their own employees from stealing content. That is apparently not the case, however. TorrentFreak has a new tool that reveals what a specific IP address has downloaded from BitTorrent, and used it to snoop around a few popular studios. The site found that employees at Fox, Sony and NBC Universal were downloading illegal content from BitTorrent. A Sony empl...

A new study conducted by the Business Software Alliance — a software license enforcement and lobbying group formed by Microsoft — found that the global market for pirated software reached a commercial value of $59 billion in 2010. The massive figure represents a 14% increase over 2009. According to a survey of 15,000 PC users conducted by Ipsos Public Affairs, most people do recognize intellectual property rights and prefer legal software to pirated software. According to the report, however, many users ...

Google announced and launched its Music Beta service on Tuesday, and record execs aren’t too pleased with its decision to move ahead before reaching a deal. “People are pissed,” one record label exec told Hollywood Reporter, which explained in one article why it took so long for Google and the music industry to reach an agreement. Reportedly, Google offered some labels larger advances than others, which resulted in some firms holding out for more money. Similarly, the music industry is conce...

Speaking to the Associated Press on Friday, Nintendo CEO Satoru Iwata revealed that his company’s upcoming Nintendo 3DS will in fact gamers the choice of playing titles in both 3D and 2D. Exactly how one would switch from 3D to 2D and vise versa is unclear, but Iwata mentioned one of the primary reasons for the ability to remove the extra dimension is for the health of children’s eyesight. Also revealed by Iwata was the fact Nintendo is going to introduce a new set of anti-piracy measures with the...

Just because we might associate the company with loveable characters like Bugs Bunny and Daffy Duck doesn’t mean the characters who are running the show at Warner Bros. Entertain UK have similar personalities. After all, they’re the ones that came up with the brilliant idea of hiring a student intern, paying him or her £17,500 ($26,212 USD) over the course of a year and having them engage in a bit of digital espionage. The intern, who is to be “IT literate” and currently enrolled as a...

Today is a bad day to be a pirate. Early this morning, a verdict was reached in the trial of four men associated with The Pirate Bay, charged with assisting in making copyrighted content available. That verdict: Guilty of violating copyright law. TorrentFreak has been covering the trial since the beginning and those of you following along will know that the convictions aren’t exactly a surprise. We don’t want to call these men martyrs but things looked bleak for the four men from the start. This m...

In an uncharacteristically rational move, on the surface at least, the Recording Industry Association of America (RIAA) has decided that it will stop suing individuals caught downloading pirated music and will instead focus solely on asking the pirates ISP to either serve warning or kill their internet connections. This tactic is by no means new and is in fact standard practice in many countries across the world where, you guessed it, it makes little to no difference in levels of music piracy. But hey, at lea...

On October 13, President Bush signed a highly controversial anti-piracy law. The dictator President has put into effect a law that will appoint an intellectual property czar (yeah folks, you heard it right) that will report directly to the President (again, you heard that right) on how to keep hax0rz from illegally obtaining copyrighted materials. The targets are primarily music, movies, and TV, but you can bet this will be leaking over to other stuff with copyrights. The bill was, of course, backed by none o...