A large group of media giants is poised to announce a new system for copyrighting content on t'internet.

The US edition of the Wall Street Journal reports CBS, Microsoft, News Corp's Fox and MySpace units, NBC, Viacom, and Walt Disney are all part of the group. Reuters has more here.

Reuters says: "The agreed principles include using technology to eliminate copyright infringing content uploaded by users to websites and blocking any material before it is publicly accessible."

Notably absent from the group is Google, which launched its own effort to clean up YouTube videos on Monday (more here).

We don't know how the technology will work, but we do know that every attempt at making such technology in the past has quickly been followed by a pesky hacker breaking it.

Details are expected later today. ®

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