Almost a month back, Megaupload announced a new form of music
sharing, called Megabox, which would seemingly revolutionize the music
industry.
For all intents and purposes, Megabox was to be just another online music sharing site where artists upload their own music for free or at a price, but where things differed significantly were in two key areas which would have benefited music artists immensely. Firstly, artists would have been receiving 90% of the earnings from their own music. “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, as reported by Digital Music News.
For all intents and purposes, Megabox was to be just another online music sharing site where artists upload their own music for free or at a price, but where things differed significantly were in two key areas which would have benefited music artists immensely. Firstly, artists would have been receiving 90% of the earnings from their own music. “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, as reported by Digital Music News.
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