Dotcom is revealing more and more about the upcoming service before its launch, prophetically saying via Twitter, “The major Record Labels thought Megabox is dead. Artists rejoice. It’s coming and it will unchain you.”
Last December, Dotcom first began talking about Megabox. In a guest post for TorrentFreak, he explained that Megabox would be a cloud-based streaming application that would give artists a platform to sell their music, and allow them to keep 90 percent of the profits.
“We have a solution called the Megakey that will allow artists to earn income from users who download music for free,” he wrote at the time. “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.” Megakey is an adware application Megaupload employed to switch third party sites’ ads with its own.
At the time that Megaupload was taken down and its founders targeted, there was some speculation that the whole operation was tied to the ensuring launch of Megabox. The idea was that music industry veterans were nervous about this new music service model and its Megakey tool, and that Megabox could possibly threaten the status quo. If Megabox were able to truly, effectively disrupt the music distribution model, there are a couple of very powerful businesses that would be in trouble.
If you really want to indulge in the conspiracy theory, you could also take note of this tweet from Dotcom, which points out Vice President Joe Biden’s friendship with former colleague MPAA head Chris Dodd.
Dotcom is still facing piracy, racketeering, and money laundering charges, but pushing ahead on the new project. There is no launch date, but we’ll be keeping a close eye on the exiled founder’s Twitter account for more details.