MegaUpload founder teases new music service, Megabox

A new music service from MegaUpload founder Kim DotCom was given the video treatment today.

Kim DotCom posted a video on YouTube today showing off a new music service that he, and what appears to be a large development team, are working on. The two-minute video includes everything from a listing of artist songs to some details on functionality, including the ability for users to upload their music to the service.

Megabox was first revealed last year as a technology that promised to transform the music industry by allowing artists to sell their own music and earn 90 percent of the revenue generated through those transactions. Currently, artists receive precious little from the sale of digital tracks.

In the video posted by DotCom, it appears that both artists and consumers can create separate profiles. Once artists create their profiles, they can share as much of their music as they'd like.

Although DotCom has said that the service will be "100 percent safe," it's not clear how the music industry might respond. Record labels are notorious for their emphasis on controlling artists, and the very thought of allowing for the sale of the tracks by artists might not be acceptable to them.

Of course, DotCom and his earlier creation, MegaUpload, are no stranger to controversy. DotCom was charged earlier this year with a host of crimes, including allegedly facilitating "massive worldwide online piracy" through his MegaUpload cyberlocker service. DotCom has also been accused of racketeering and money laundering amounting to "more than $500 million in damages and over $175 million in profit," according to authorities.

Born Kim Schmitz, DotCom has proclaimed his innocence and has criticized law enforcement officials for what he says was a heavy-handed raid on on his mansion earlier this year. Aside from Megabox, which the video claims, is "coming soon," DotCom says that MegaUpload will also be relaunching in the coming months.

(Via The Next Web)