His answer to the music industry’s 'outdated business model' is coming soon.
MEGABox will be a legit music sharing site, which will soon 'allow artists to sell their creations direct to consumers and allowing artists to keep 90 percent of earnings'.
That's right, despite the huge "upheavals" of the last few months, Megaupload founder Kim Dotcom has announced that the MEGABox service is coming soon and 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,” he said.
So, the project isn't dead and he confirmed it via his Twitter account: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can expect several Megabox announcements [in 2012] including exclusive deals with artists who are eager to depart from outdated business models,” he added.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.
On a related note, seems that a New Zealand judge has ruled that the search warrants used to allow the raids of Megaupload owner Kim Dotcom were “invalid”.
So, it looks like the MU founder got away with it.The BBC, however, reports High Court judge Justice Helen Winkelmann as saying: "The warrants did not adequately describe the offences to which they related. They were general warrants, and as such, are invalid.”
The police and judiciary are now in discussions "to determine what further action might be required".
Millions of dollars as well as a fleet of nearly 20 luxury vehicles, art pieces and computers were seized as part of the operation.
Stay tuned for more details on the upcoming service.
NEWS SOURCE #1: Kim DotCom artists rejoice Megabox is not dead (via) TorrentFreaks
NEWS SOURCE #2: KimDotCom (via) Twitter
Our thanks to 'Gauss' for this news item!