1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

The real reason MegaUpload was taken down

Discussion in 'BlackHat Lounge' started by _Biju_, Jan 24, 2012.

Tags:
Thread Status:
Not open for further replies.
  1. _Biju_

    _Biju_ Junior Member

    Joined:
    Nov 18, 2010
    Messages:
    171
    Likes Received:
    67
    Location:
    Here
    Home Page:
    In December of 2011, just weeks before the takedown, Digital Music News reported on something new that the creators of Megaupload were about to unroll. Something that would rock the music industry to its core. (http://goo.gl/A7wUZ)

    I present to you... MegaBox. MegaBox was going to be an alternative music store that was entirely cloud-based and offered artists a better money-making opportunity than they would get with any record label.

    "UMG knows that we are going to compete with them via our own music venture called Megabox.com, a site that will soon allow artists to sell their creations directly to consumers while allowing artists to keep 90 percent of earnings," MegaUpload founder Kim 'Dotcom' Schmitz told Torrentfreak

    Not only did they plan on allowing artists to keep 90% of their earnings on songs that they sold, they wanted to pay them for songs they let users download for free.

    "We have a solution called the Megakey that will allow artists to earn income from users who download music for free," Dotcom outlined. "Yes that's right, we will pay artists even for free downloads. The Megakey business model has been tested with over a million users and it works."
     
Thread Status:
Not open for further replies.