A young lady named Shauna Meyers writing from a Google social network, has a good theory on why Megaupload was really shut down. And it’s backed up by some pretty good evidence. She says that Digital Music News reported (in Dec 2011) on a soon-to-be roll-out of a new product by Megaupload that would essentially put it in direct competition with the mainstream music industry: a music service called MegaBox.
“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. Not only did they plan on allowing artists to keep 90% of their earnings on songs that they sold, they wanted to pay them for songs they let users download for free. Shauna Meyers
On December 21, 2011, Digital Music News reported on Megaupload’s upcoming new product called MegaBox.
In other words, another entry into the very crowded DIY space. But there’s a lot more to this story. Instead of charging artists, Schmitz wants to pay artists – even for free downloads. “We have a solution called the Megakey that will allow artists to earn income from users who download music for free,” Dotcom outlined. “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.”
And there could be more mega-artist deals ahead, of the will.i.am variety. “You can expect several Megabox announcements next year including exclusive deals with artists who are eager to depart from outdated business models.”
Read the full article about MegaBox at Digital Music News…
Read all of Shauna Meyer’s theory at Google Plus…
