Kim Dotcom teases Megabox service
Published Jun 21 2012, 19:36 BST | By Mark Langshaw Megaupload
co-founder Kim Dotcom
has teased a new venture called Megabox.
© Rex Features / Greg Bowker/Newspix/Rex Features
The controversial internet billionaire revealed the cloud-based service over Twitter, confirming that it will provide online storage space for musicians.
"The major Record Labels thought Megabox is dead. Artists rejoice. It is coming and it will unchain you," Dotcom wrote on the microblogging site.
Dotcom and his team were working on Megabox before the US authorities shut down Megaupload and charged its organisers with copyright infringement and racketeering.
The original plan was to allow artists to sell their music directly to customers, while generating revenue from free downloads via an adware service that worked in conjunction with Megaupload. It is yet to be confirmed whether this will still be the case.
Dotcom is yet to announce a launch date for Megabox.