ValCom, an integrated entertainment company that produces television and film is suing Megaupload.com for copyright damages, saying that a “significant number” of its more than 6,000 audio and video titles were distributed illegally through the file-sharing site. ValCom specializes in "low-risk" and cost-efficient productions.

Megaupload was a popular cyberlocker seized by the Feds in January for criminal copyright infringement, money laundering, and racketeering.

The recording company stated in a press release that it had filed a suit against Megaupload, which had an associated shell company responsible for causing "an estimated half-billion dollars in copyright losses" altogether, noting that cases of willful copyright infringement can result in damages ranging from $750 to $150,000 per copyright infringed. ValCom's legal counsel will seek a slice of some of the millions of dollars seized by government authorities for each of the copyrights that ValCom can prove were infringed upon.

The Next Web suggests that ValCom could sue for as much as $900 million in damages if all 6,000 titles were infringed upon and if the company could make the case that each copyright merited a $150,000 remittance, but the actual number ValCom seeks will most likely be much lower than that, as ValCom only claims a portion of its copyright library was used illegally.

ValCom's claim may be only the first in a flurry of suits against Megaupload seeking recompense for alleged lost profits, and only the start for ValCom's new "aggressive initiative to acquire back-due royalties and compensation... for the benefit of the Company and to increase value for our shareholders," according to a statement made by Vince Vellardita, President and CEO of ValCom.

Update: This story originally presented ValCom as a voice paging systems company, but in fact the prosecutor is a TV and film entertainment company of the same name. Ars has made corrections and regrets the error.