This from the Guardian:
“Copyright owners have the right to object to illegal file-sharing, and downloading of their content. The result of this court action [i.e., the defeat for Google in Viacom v. Google and the infringement class action (Football Premier League et al v. Google) directing Google to give up YouTube infringement data] is that YouTube will need to police the material that people upload. They will also need to set up a system of royalties to pay content owners and authors for the rights to use their work. This will reduce the value of the YouTube brand, and force them to share their profits on a more equitable basis, instead of just enriching Google.”
Right on, man.