Megaupload boss promises new site for artists to go D2C


Megaupload founder Kim Dotcom has continued his company’s public battle against Universal Music Group, after the label removed the promotional Mega Song video from YouTube. In a long column for TorrentFreak, Dotcom claims Megaupload has big plans for music in 2012. “UMG knows that we are going to compete with them via our own music venture called, a site that will soon allow artists to sell their creations direct to consumers and allowing artists to keep 90% of earnings,” he writes. “We have a solution called the Megakey that will allow artists to earn income from users who download music for free. 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. You can expect several Megabox announcements next year including exclusive deals with artists who are eager to depart from outdated business models.” In related news, YouTube has restored the video. “Our partners do not have the right to take down videos from YouTube unless they own the rights to them or they are live performances controlled through exclusive agreements with their artists, which is why we reinstated it.”

Music Ally

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