Megaupload closed because it wanted to become the new iTunes?

Megaupload closed because it wanted to become the new iTunes?

Since this morning, a rumor circulates on the Internet concerning the closure of Megaupload. According to some sources, the site was closed because it intended to open a new service, Megabox, which came to intermediaries (publishers, distributors), and revolutionized the industry by donating 90% of the profits to artists.

Here is a rumor that is cold in the back. According to what is said on the Internet, Kim Dotcom, the founder of Megaupload, has been working for a while on Megabox, a platform of the same genre as iTunes where artists could have offered their music as downloads (paid or free) . What is special about the service? He would have done without the majors and would have eliminated the intermediaries. Consumers would have bought the songs directly from the artists, who would have recovered 90% of the revenues. The perfectly legal offer would certainly have required some adjustments to the contracts of certain artists, but would certainly have been all the rage when we know the popularity of Megaupload. Kim Dotcom said a few weeks ago that "many deals were going to be announced with certain stars who were tired of the old business models imposed by record companies."

A month ago, Kim Dotcom confirmed his intention to enter legality by announcing his intention to directly compensate artists, whether they are singers or directors. This is how Megamovie also had to adapt to the standards by also offering remuneration for the content posted on the site. The system would have been up to beta tests and should apparently see the light of day in the coming weeks, which raises many questions about the arrest of Kim Dotcom who could very well have been eliminated due to the fear of labels, majors and others media. The fact remains that Megaupload has also benefited greatly from the illegality of certain downloads and that even admitting that the rumor is based on facts, has taken a long time to "legalize" its activities.

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(Source: TechCrunch)