Mr. Jennings discusses the phenomenon of cybersquatting while allowing businesses greater access to its customers, can also threaten the intellectual property of the business. Traditional copyright law and direct infringement is discussed. He sets out the requirements and benefits of registration, exclusive rights and duration. A $14 trillion industry -- $700 billion this year -- this is a valuable industry. He discusses direct infringement, unmasking the registrant (the cyber thief triad is Russia, Cayman and China), social networking sites such as YouTube and MySpace and then discusses indirect infringement i.e. “If you have knowledge the court will find you liable.” Case law is discussed with regard to contributory infringement and the copyright statute 17 U.S.C. § 501. Contributory Infringement: the Sony Defense is discussed. Vicarious liability: the Napster Case, is discussed. Inducement: The Grokster Case is discussed. Enforcement strategy is discussed and the changing marketplace. The three major distributors of music are Wal-Mart, Best Buy and iTunes. Music sales greatly increased with DVD use and sales. There is a great deal of theft out there. P2P networks are discussed and the evolving threat of “third generation P2P networks”.