As the case against Kim “Kim Dotcom” Schmitz collapses, the former cyberlocker mogul has taken to creating a new venture – with the putative support of Steve Wozniak and the definite support of a few major musicians – that promises to “unchain” artists from the traditional model of music distribution.
First announced last year before the police raid on MegaUpload, the new music sharing service, dubbed “Megabox”, promises to let artists keep 90 percent of their earnings.
It was widely speculated that the legal proceedings against Mr. Schmitz had indefinitely delayed the planned launch of the service.
A tweet sent out late Wednesday confirmed the project was still a-go.
“The major Record Labels thought Megabox is dead,” Mr. Schmitz tweeted. “Artists rejoice. It is coming and it will unchain you.”
In December, Mr. Schmitz shared some details of the site’s business model with the often-sympathetic TorrentFreak: “We will pay artists even for free downloads. The Megakey business model has been tested with over a million users and it works.”
The Megakey business model is referring to is an adware application powered by voluntarily disclosed demographic data from the user that substitutes ads on 3rd party websites with MegaUpload’s.
While government seizures of property may have denied Mr. Schmitz of the lavish lifestyle he once enjoyed, his bombastic ego is still with him despite his lack of lucre.
Mr. Schmitz, never one for modestly, has publicly stated his belief that Megabox is a viable competitor to iTunes.
He has also publicly conjectured that the MegaSaga may become an election issue this November.
“Watch out lovebirds! I know what you did.”