Video-sharing service YouTube has wiped nearly 30,000 files from its website after Japanese media companies said their copyright was being infringed.
Couple of points here, first it shows YouTube is serious about, and capable of removing copyright infringing content in pretty short order. Second, it’s a drop in the bucket of YouTube’s content, with 60,000 uploads a day, that’s half a day of uploaded content. For anyone that thinks YouTube would go away due to copyright issues think again. Yes, i’m talking to you Cuban 
Actually Mark has written a pretty interesting piece here called “YouTube Legally“
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