Universal Music sees tens of millions from YouTube — Universal has earned nearly $100 million in income as the result of a deal that has record labels and YouTube splitting ad revenue from music videos. Google, which purchased YouTube over two years ago, has recently become more aggressive in monetizing its $1.65 billion acquisition. In addition to its deal with record companies, the search giant has begun selling keywords and improving the quality of video. [Source: CNET]
RIAA to stop suing users — After pursuing legal action against nearly 35,000 people since 2003, the Recording Industry Association of America will stop suing music fans for piracy. Instead, the group will work with Internet service providers to throttle the connections of suspected pirates. The RIAA has never successfully sued for music piracy. [Source: Epicenter]
Glam Media cuts salaries — Glam Media, an online advertising network geared towards women, will cut salaries by three to 15 percent. The move is seen as preventative, as Q4 was Glam’s strongest quarter ever. [Source: paidContent]
EA lays off 10 percent — Electronic Arts, one of the largest game makers in the world, will be laying off 10 percent of its workforce and closing down nine studios. The company will be focusing on “higher margin” titles such as its popular Madden football franchise. [Source: Joystiq]
