Way back in December of 2011, Megaupload founder, admitted embezzeler and insider trading enthusiast, Kim Schmitz, aka Kim Dotcom [legally changed in 2005], announced a streaming music service called Megabox. It was going to be “a cloud-based music locker, download store, and do-it-yourself artist service.” The idea was to put artists first, consumers second and distribution third on scales of importance.
Not a terrible idea in my opinion.
Well, if you don’t know already: Megabox stalled when New Zealand authorities [in cooperation with the U.S.] raided his home and placed him in custody under the charges of criminal copyright infringement in relation to his Megaupload Web site. Back in February, he was released on bond but restricted to the 80km around his palatial estate [“Whaah, I can’t go 50 miles away from my PALATIAL estate!”] His wikipedia page says that he was also barred from using the internet, but obviously that’s been rescinded. He’s launched a new twitter account.
Although I do have misgivings about the dude after reading the details of his misadventures in business [and that’s coming from a guy with a subversive website.] I’m all about shaking up status quo, but this character’s a major…entrepreneur and I’m just wondering if file-sharing is his latest…hobby topic. Yes. That’s what we’ll call it. Regardless, he’s got a great idea and I’ve always been an idea guy and will be there opening service day.
Read more over at torrentfreak who broke this story earlier today!