Megaupload creator Kim Dotcom has announced that his plans to launch Megabox, a pro-artist music service, will push through this year.
Dotcom and his brainchild are currently under fire from US law enforcement agencies, as he faces extradition and charges on money laundering, copyright infringement and racketeering. Regardless of his legal attacks, Dotcom is confident in launching Megabox this year and said it will be “unstoppable”.
[tweet https://twitter.com/KimDotcom/status/234878482495188992 align='center']
Megabox, which Dotcom unwrapped for Torrentfreak last year, will shake the music industry with its business model that will give artists 90 percent of their music’s earnings.
“You need to understand that some labels are run by arrogant and outdated dinosaurs who have been in business for 1000 years. These guys think an iPad is a facial treatment, the Internet is the devil, and wired phones are still hip. They are in denial about the new realities and opportunities,” he said.
“They don’t understand that the rip-off days are over. Artists are more educated than ever about how they are getting ripped off and how the big labels only look after themselves.”
He explained that his Megabox business model will still pay recording artists if they release it for free. Dotcom claims that many artists have already expressed plans to join the service.