I have been meaning post a detailed comment for the last week about the decision in Clean Flicks v Steven Soderbergh that held that companies that "sanitize" motion pictures by removing sex, profanity, and violence, violate the motion picture studios' copyright. However, given the decision is already over a week old, I will simply refer you to Marci Hamilton's article for FindLaw's Writ, A Court Rules That Privately Editing Films for Content Violates Studios' Copyright: The Decision in Clean Flicks v. Steven Soderbergh and Its Cultural Context. Read it here.
Read the decision here, ClearPlay''s Press Release responding to the decision here, and the Directors Guild of America's response here.