The third incarnation of the popular Megaupload service just completed its first investment round, crowdfunding over a million dollars. With Kim Dotcom as the chief evangelist, the service hopes to revolutionize the file-sharing space next year. Interestingly, Megaupload 2.0 plans to outsource most of the storage to third-party providers and will manually review all takedown requests
Warner Bros. says a talent agency effectively ran its own pirate site when it ripped DVD screeners and streamed them to associates via Google servers. In a lawsuit filed Monday, Innovative Artists stands accused of copyright infringement and breaching the DMCA after screeners under its control leaked to torrent sites.