Cutting to the chase - be sure to read Nate Lanxon's full article on Wired.co.uk though:
"...To avoid an expensive stalemate situation, it's time to drop the hammer in this enormous game of international copyright Whack-a-Mole. As long as there are users who want easy access to downloadable media, there will be sites like Megaupload. They're easy to set up but costly and difficult to shut down. By just forcing them offline without replacing them with viable alternatives, the movie industry is essentially just screening reruns of its ignorance in the face of consumer evolution. An ignorance that, as was for so long the case for the music industry, costs dearly in the long run. There needs to be a "Spotify for movies", but broader and bigger than LoveFilm or Netflix are today. Their back-catalogues are nowhere near as comprehensive for movies and TV shows as Spotify's is for music...."