Hollywood Studios File New Round of Web Lawsuits
"Hollywood's major movie studios filed a new round of lawsuits across the United States on Thursday against people who trade illegally copied films and TV shows on the Internet."
"The civil suits against unnamed "John Doe" defendants seek up to $150,000 per downloaded digital file and come as the U.S. film industry prepared for its annual Oscar telecast in Hollywood where awards for top films and stars are given out. The studios claim they lose $3.5 billion worldwide in annual revenues from sales of illegally copied movies on video and DVD formats in street bazaars and black markets."
Full Story on Reuters.