Giant squid 'taking over world'

Cue the soundtrack for a really cheesy black and white sci fi/horror flick. Giant squid 'taking over world' :

GIANT squid are taking over the world, well at least the oceans, and they are getting bigger.

According to scientists, squid have overtaken humans in terms of total bio-mass.
That means they take up more space on the planet than us. "

Gee, they say this like it is a bad thing.

postscript:

I'm really giving away my age when I feel I must specify "Black and White" to correctly set the atmosphere.