If you think movie studios are threatened by online video services such as Netflix, iTunes and Amazon, you can’t imagine how they feel about Zediva. Netflix, iTunes and Amazon all pay licensing fees so they can legally rent, stream or sell each studio’s movies but Zediva, which launched last month, does not. Instead, it avoids paying licensing fees by pretending that it’s an offsite DVD rental store and, because of that, is exempt. The studios don’t agree. Disney, Paramount, Warner Brothers and Twentieth Century Fox are among the studios who are suing Zediva for violating film copyrights and, if they win, Zediva will owe them $150,000 for each film that has been streamed. Ouch. There’s more information after the jump. Read More »

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