Music service Megabox to launch this year

Back in June, we reported that MegaUpload founder Kim Dotcom tweeted that he's creating a music service that could turn the industry upside down. He has posted a new tweet stating that Megabox will be launched this year.

Yes... Megabox is also coming this year ;-)

The new music service could revolutionize the music industry because it will allow artist to sell their music direct to the customers. Furthermore, artist are allowed to keep 90 percent of their earnings and will also be paid for free music, thanks to a new business model called Megakey, according to Dotcom's guest post at Torrent Freak earlier this year. Popular music services such as the iTunes and Amazon MP3 use different models, with standard pricing schemes and record labels acting as an intermediary. Some artists have already showed some interest in Dotcom's new venture.

Also interesting is a previous tweet by Dotcom, claiming that file sharing website MegaUpload will return this year after it was taken down by U.S. authorities.

I know what you are all waiting for. It’s coming. This year. Promise. Bigger. Better. Faster. 100% Safe & Unstoppable.

Kim Schmitz, Dotcom's real name, was arrested in January this year and accused of copyright infringement and fraud in relation to MegaUpload. He has been released on bail since February because the court of New Zealand rescheduled his extradition hearing to March 2013, due to the way the police gathered evidence and handled his arrest.

Source: The Next Web | Image via The Next Web

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25 Comments

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Dotcom is a crook but so are all the music executives that have screwed over artists for years.

PS: How come artist don't own their own work like writers do?

Boeing 787 said,
Dotcom is a crook but so are all the music executives that have screwed over artists for years.

PS: How come artist don't own their own work like writers do?

Because before the internet the only way artists could really get their music out to the world was through a record company, who forced them to sign contracts giving away the rights to their recordings and most of the money those albums made. Why this is still happening in 2012 I have no idea (except for all the manufactured products like Bieber and all those Disney "stars" who wouldn't have been famous or even heard of otherwise).

dagamer34 said,
Why would people want to buy music from some random service instead of iTunes, Amazon, or even Zune?
Because it gives more earnings to artists and some to the site, rather than splitting it between the artists, the site and the record labels. Also, if they actually provide downloads in lossless formats they may get some more attention from audiophiles, as pointed out in the post below.

fastcat said,
I would never trust a thief with my money, this guy has stolen enough from artists.

You would rather trust the copyright cartels?? They are the thieves, not DotCom.

fastcat said,
I would never trust a thief with my money, this guy has stolen enough from artists.

What theif? Dotcom or the RIAA? If the users choose to abuse a service that is their choice not his, when I do 230kph in my Skyline that is my choice not Nissans, dont be such a sheep.

fastcat said,
I would never trust a thief with my money, this guy has stolen enough from artists.
Dotcomm stole nothing. He only had owned Megaupload, and people used that to store pirated things. The same could be done with dropbox, mediafire, and other file hosting site. Dotcomm has done nothing wrong.

fastcat said,
I would never trust a thief with my money, this guy has stolen enough from artists.
The guy's just selling music, not opening up a bank. And he probably hasn't topped Bittorrent in the amount """stolen""" from artists. Usual arguments apply to that.

smooth_criminal1990 said,
"This video contains content from Channel 5 and WMG, one or more of whom have blocked it in your country on copyright grounds.". Or was that the joke?

O wow, no it was not supposed to be a joke, it was the never gunna give you up song, gotta love youtube.

Best rickroll fail. Ever.

Toysoldier said,

O wow, no it was not supposed to be a joke, it was the never gunna give you up song, gotta love youtube.

"The new music service could revolutionize the music industry because it will allow artist to sell their music direct to the customers. Furthermore, artist are allowed to keep 90 percent of their earnings and will also be paid for free music, thanks to a new business model called Megakey..."
not sure if this model has been used anywhere else before but its intriguing enough. Lets see what happens.