Universal Music CEO Doug Morris has made statements leading to the notion that Universal is gearing up to sue YouTube and the NewsCorp-owned myspace for copyright infringement.

In a couple statement to investors, Morris explained:

We believe these new businesses are copyright infringers and owe us tens of millions of dollars, How we deal with these companies will be revealed shortly,

While the company apparently began talks with the video sharing service, those talks have reportedly broken down leading to the threat.

In less than three years, MySpace has emerged as a choice destination for young people and a hub for bands to promote music. Record labels big and small have created Web pages on the social networking hub for their bands, typically allowing visitors to listen to the artists' music for free.

Last year, the company began charging Web portals such as Yahoo Inc. and Time Warner Inc.'s AOL for playing its artists' music videos online or over video-on-demand services.