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ExtraTorrent.cc > Articles > Why MegaUpload Was Closed Down

Why MegaUpload Was Closed Down

Why MegaUpload Was Closed Down

Added: Monday, January 30th, 2012
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
Once MegaUpload was seized by the Federal Bureau of Investigation, there appeared all sorts of theories circulating around the Internet, all trying to explain the reasons of such a drastic move. Meanwhile, most of them are trying to answer the only question: why MegaUpload?
closed-sign.jpg


Actually, there is one theory that really makes sense. According to the recent media reports, the cyberlocker’s management was going to introduce a new service, which would shake the world of music industry from its grounds. The service was dubbed MegaBox and was meant to be a cloud-based alternative music shop, which could offer the musicians a better deal than the record labels. Meanwhile, MegaUpload’s founder Kim Dotcom told to the media that the website would soon accommodate musicians to offer them a chance to sell their works directly to consumers, at the same time keeping 90% of the earnings. In other words, in this case record labels lost clients and source of income.

Moreover, the cyberlocker was ready to pay the musicians even if their songs were downloaded for free. MegaUpload claimed that this business model proved to be successful after it has been tested with a million users. Indeed, claims like these might explain very well why the cyberlocker had the support of a lot of great artists before its abysmal fall.

In case this theory is true, which looks very credible, the shutdown of MegaUpload could be just an effort to stop an alternative business model that would have ended the era of record labels. Meanwhile, as everyone knows today, by some people, like those holding the monopoly on the outdated but still working business models, “change” is regarded as a bad word.



By:
SaM
January 30th,2012

Posted by: 
SaM

Date:  Monday, January 30th, 2012



Comments (15) (please add your comment »)

1
posted by Blocked (2012-01-30 17:40:54)
No avatargreedy bastards

2
posted by Turtle (2012-01-30 18:59:49)
basset7000 avatarIt has to be more than just the record labels, megaupload had everything we needed from it(movies,games,softwares...)all for free.

3
posted by ET loverKitty (2012-01-30 20:37:28)
greymongel avatarThnx for the great article as always......keep up gr8 work

4
posted by (2012-01-31 04:54:21)
breakdown avatarwell theres still mediafire xD

5
posted by Blocked (2012-01-31 06:25:58)
menahunie avatarIf the shutdown cause as mentioned can be proved; then the RIAA and FBI and anyone who approved this shutdown is in for a whole lot of legal hurt.
That smacks of overt monopolistic acts and could also involve the RICO Act as well.
I am curious as to what happened to ICE all of a sudden? They were grabbing web sites left and right so where is ICE in all of this?

6
posted by ET junkieET lover (2012-01-31 08:21:01)
MadVillain avatarWow interesting read. The music industry is a very corrupt bussiness.

7
posted by Blocked (2012-01-31 16:18:39)
dsl_bandit avatarExactly why I'm proud to be a pirate. The public is screaming for a new innovative yet legitimate business model and when that happens they go on attack. And they wonder why we torrent instead. Stupid is what stupid does.

8
posted by (2012-01-31 20:30:44)
dikhed avatarWhat happens when their case turns to custard. Then kim.com can sue the stupid yanks and bend the fbi over (just like whats happening to him atm).

9
posted by (2012-02-01 00:14:14)
No avatarBeing a pirate is my little way of flipping off not the artists, but the greedy record labels that take money from every part of an artists income. I do support artists but I enjoy the hell out of downloading torrents. F*ck your record labels. PIRATE FOREVER!

10
posted by (2012-02-01 10:01:41)
zarathusa88 avatarwana suport artists????go to the concerts...i havent bough a cd since i discovered a small file called torrent

11
posted by Blocked (2012-02-01 12:46:11)
No avatartorrent for life
or to jail

12
posted by Blocked (2012-02-01 19:08:32)
neilgo avatarJust watch the show MTV Cribs and you will very quickly realise that these idiot pop stars have more money than sense. They have made a fortune so I don't feel sympathy for any of them. They make more money from concerts and endorsments anyway.

13
posted by ET junkiemen (2012-02-02 02:31:11)
4GET avatari like the way u say pop stars..most of MTV cribs is rap stars showing there bit and bobs trying to get publicity becos there record label big boys think its a good idea!cribs is for babies looking up at adults .like stated in article it was most likely torpedoed becos of this change .

14
posted by (2012-02-02 13:51:15)
No avatarWell mtv cribs those homes donot even belong to the artist realestate use rappers to sell their cribs they figure if the rappers would buy them who wouldn't but most of the rappers can't even afford them cribs ol well Dats on them

15
posted by (2012-02-03 15:44:43)
stantheman avatarThey have really gone after these guys.
1 charge, conspiracy to commit copyright infringment.
2 charge, conspiracy to commit money laundering.
3 charge, criminal copyright infringement



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