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Screenshot not taken by me, this was found in a thread on MLPForums.

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Background Pony #BDBB
So… True Tail is going to be a Hasbro property? That’s kind of what I’m getting from the “real reason” here. What’s the marketability for it? Last time I checked, the characters didn’t seem very toyetic.  
Not to mention the Hub is barely limping along programming-wise. LPS and MLP are the heavy hitters, everything else I’ve heard had to make cuts to budget and staff.
 
I highly highly doubt True Tail is going to be anything more than some fresh out of college kid’s fevered pitch.
SocDev
A Perfectly Normal Pony - <SocDev> Si hay pelito, no hay delito
Artist -

Well stressed, friend!
The reason why he’s taking Double Rainboom down is because Hasbro is sending cease and desist orders to ANY pony project that is using the leaked DHX rigs. You’re probably thinking: “but Double Rainboom had 100% original assets!” It did for the mares, but for the stallions it used some DHX parts in it.
 
The next thing you’re probably wondering is: “How the hell did HE get access to those parts!?” Well, before the atrocity of his work was released many people from the show were really looking forward to it and some decided to show him some assets from the show just because “hey this guy’s making a fan episode! that’s awesome!” Kind of like a lot of things that were used without permission in DRB, the stallion puppet contains many, many, MANY DHX parts that were just recolored by pushing CTRL and F in flash.
 
So basically, he is trying his best to not get into the legal troubles that he is inevitably going to get into regardless. Now normally I wouldn’t post this because hey we all make mistakes, but when you get rid of something that you didn’t make entirely yourself and when you do it without telling the other people who worked their asses off trying to get this crappy school project of his done… I have some issues. I also have issues when he flat out lies like this.
Background Pony #7EFD
“Run its course” ?
 
What, he’s trying to tell us that Hasbro honestly believes that removing the video from YouTube will delete it from existence?
 
Yeeeaahh, I smell damage control.