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The service is apparently designed to allow users to download tracks, while still helping artists raise cash.
Citing an invention called the "Megakey," DotCom says that when users download music for free on the Web site, artists will still earn revenue.
Working from his safe haven in New Zealand, Kim DotCom announces a new file-sharing service called Mega, which will be similar to MegaUpload but with a twist.
The MegaUpload founder could become an Internet version of Maximus, the cinematic gladiator who won the crowd and defied an empire.
All the recent talk that the FBI cracked down on MegaUpload after being pressured by the music industry is just wrong. Nobody was doing more to prompt the federal government to act in the MegaUpload case than the film sector.