Damn, that’s bad news for us users, for whom, such sites were becoming good places to get videos from. I just hope it takes time to trickle down to YouTube or Google Video.
In fact, I guess they stand to lose too – the popularity of YouTube has, to quite an extent, been driven by the plethora of music videos available on it. I wonder how many will still visit later. Yes, they will still visit, but traffic WILL be reduced.