At the end of 2011, we reported on a music service created by Kim Dotcom, the (pictured above) founder of now-fallen file-sharing website Megaupload. Well, it turns out that his idea for an alternative music store–which he says would allow artists to keep 90 percent of their earnings–is actually happening. Megabox was posted about by Dotcom via his Twitter account. Along with an Instagram’d screenshot of the program, he wrote:
The major Record Labels thought Megabox is dead. Artists rejoice. It is coming and it will unchain you.
A feature of huge note with Megabox is that it will pay artists for songs that they give away for free. Unfortunately there’s not much info on when the music service might launch–but we’ll probably get timely Twitter updates from Dotcom, who’s currently on house arrest awaiting trial. [FACT]