Clearwater, Florida-based ValCom issued a press release today announcing that it has retained legal counsel and filed a copyright infringement lawsuit against Megaupload to get a taste of the millions of dollars seized by the government. While ValCom claims in its releases that it "owns content that was pirated on the Megaupload.com group of sites," the company does not offer a specific list of titles. Instead it says that it "owns more than 6,000 audio and video titles and has discovered that a significant number of the Company's copyrights were illegally distributed via Megaupload.com."
"Together with our friends at Microhits, Inc., we have implemented an aggressive initiative to acquire back-due royalties and compensation to assure that we receive all revenues that are due to the Company," said Vince Vellardita, President and CEO of ValCom in the release. "Our suit regarding Megaupload.com is one of many situations we have identified where ValCom is due compensation. These are revenues that belong to ValCom and we're securing them for the benefit of the Company and to increase value for our shareholders."
The company describes itself as an "independent entertainment company that has been in operation since 1983." It is also publicly traded company and owns a large catalog of movies and television shows and a fledgling television network in Florida called My Family TV.