The real reason megaupload was shut down?

plus.google.com...

www.digitalmusicnews.com...

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. (goo.gl...)

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."

Both links pretty much confirm this. Now it seems maybe GREEDY publishers wanted to save their chunk of the profits and punished any new business model. Now as a result, many, many people have suffered at the expense of a few by censorship, arresting the owners and punishing users.

Thoughts?

reply to post by mr-lizard


I also recall, umm, was it MegAsong or something? Done by various artists who waived their rights to it, yet I believe Universal still sued, it was all over torrentfreak awhile back.

Sorry fellow ats'er but i beat you to this one

existing thread

reply to post by mr-lizard


Nothing would surprise me anymore when it comes to the greed of the industry, be it recording, or movie. We have to chase after that Almighty Dollar doncha know. What also wouldn't surprise me is if they industry tell the artists, this is a great way to get your music out there to your fans and more of your money directly to you, when in reality, the artists, especially newer ones who aren't as legally savvy to the industry's tricks, won't see as much of the money because it will go to the industry's pocket, not the artist's. I'd also be interested to see if the movie industry tries to follow suit.

I'll definitely be keeping an eye for stories about this new site.

Originally posted by Alaskan Man
Sorry fellow ats'er but i beat you to this one

existing thread

Ah, so you did. My apologies.

Mods, please close.

The same thing happened with mp3 after years of of sound engineers and the like creating high quality recordings mp3' due to there lesser quality at there advent were considered to be of too poor a quality to be used as a format.
So when RIO began selling mp3 players the big company's got greedy and screwed them around whilst they caught up with the new technology they are always pulling out the questionable legal argument's when they see their monopoly drifting away.