Why actually shut down MegaUpload

In December 2011, a few weeks before closing, Digital Music News reported a new product that MegaUpload was about to launch. A novelty that should have shaken the music industry to the ground.

I present to you ... MegaBox . MegaBox was supposed to be an alternative cloud-based music store that offers musicians a better earning opportunity than any record company could offer them.

“UMG (Universal Music Group) knows that we are going to compete with them through our own company, Megabox.com. This site will soon allow musicians to sell their works to customers directly and keep 90% of the profits for themselves, ”MegaUpload founder Kim“ Dotcom ”Schmitz told Torrentfreak.
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They not only intended the musicians to keep 90% of the profits from the sold songs, they also wanted to pay them for the songs that users download for free.

“We have a solution called Megakey that will allow musicians to earn money on users who download music for free,” Dotcom stressed. “Yes, that's right, we will pay the musicians even for free downloads. The business model of Megakey has been tested on more than a million users and it works. ”