Megaupload's founder Kim Dotcom: Artists Rejoice, Megabox is Not DeadSubmitted by PWA on Fri, 06/22/2012 - 02:27
Despite the huge upheavals of the last few months, Megaupload founder Kim Dotcom has announced that his answer to the music industry’s outdated business model is coming soon. The Megabox service will shift the balance of power away from multi-billion dollar corporations to the artists who actually make the music. “Artists rejoice. It’s coming and it will unchain you,” Dotcom says.
December last year, a month before the criminal proceeding against Megaupload became public, Kim Dotcom first revealed his plans to launch a new service to transform the music business.
In a guest post for TorrentFreak, the Megaupload founder described the Megabox project as “..a site that will soon allow artists to sell their creations direct to consumers and allowing artists to keep 90% of earnings.”
“You can expect several Megabox announcements [in 2012] including exclusive deals with artists who are eager to depart from outdated business models,” he added.
When Dotcom and his colleagues were arrested earlier this year, many people believed that the Megabox project would fade away. In fact, some theorized that Megabox was one of the main reasons why the recording labels and by extension the U.S. Government wanted the Megaupload team to fold quickly.
However, Dotcom now reveals that he hasn’t give up on the project. On the contrary.
Megabox is coming soon