Music Artists Sell Direct To Consumers Says Megaupload Founder Kim Dotcom

I'm not sure yet if this is a bad or a good thing. One thing we can count on is when  Kim Dotcom speaks, the recording industry listens.

Megaupload founder Kim Dotcom will take on the recorded music industry — legally.

Dotcom, who was arrested  last January on charges relating to copyright infringement, said on Sunday he plans to launch Megabox, a music service that would allow artists to sell music directly to their fans, later this year quotes The Daily.

“I know what you are all waiting for,” Dotcom said on twitter. “It’s coming. This year. Promise. Bigger. Better. Faster. 100% Safe & Unstoppable.

“Yes … Megabox is… coming this year.”

Dotcom has frequently spoken about Megabox. Last year, in an article on a  file-sharing news website , he described the service as “a site that will soon allow artists to sell their creations direct to consumers and allowing artists to keep 90% of earnings.”

Dotcom has also claimed that the real reason why Megaupload was shut down was because the largest companies in the recording industry wanted to prevent the launch of Megabox. He cited the fact that large recording labels frequently only share a fraction of an artist’s total earnings with artist.