Kim Dotcom Quit His Own Music ServiceAdded: Saturday, October 11th, 2014
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2013, www.extratorrent.cc
Baboom, Dotcom’s new digital music service, has broke all relationships with its founder, trying to build more positive relationships with the music industry. Kim launched Baboom last year, announcing it as a new way for artists to distribute their music directly to fans.
At the time, Kim Dotcom even quit his role as head of Mega hosting service, but as Baboom prepares to launch early in 2015, he won’t be involved any longer: Dotcom will have sold the 45% stake in the company controlled by him via a family trust. No scandal was involved this time: the separation appears to be amicable, and Kim himself provided more details on the reasons.
At the moment, Baboom is a cross between SoundCloud and iTunes, which allows musicians to make their music available to fans in the form of the streams or downloads, from their profiles on the service. Baboom was soft-launched early this year with a single artist – Kim Dotcom – and his album “Good Times”. Now the service is busy with striking more deals with musicians and labels.
However, many of those deals may have been put off by Kim’s past, as its former service MegaUpload has been regularly accused by copyright owners of infringement before it was shut down almost 3 years ago. Now Baboom is going to launch in the first quarter of 2015 and both music fans and artists alike have plenty to look forward to.
The platform promises to be open to artists of all kinds, will support high-quality FLAC files, faster downloads and analytics that have musicians connect with fans all over the globe. Baboom was also going for a stock market flotation on the Australian Securities Exchange at the end of this year, planning to raise AU$4.5 million to help fund its launch. However, the fears were that Kim Dotcom’s reputation might be a hindrance to its business. Due to MegaUpload heritage, some users and artists may not favor engaging with Baboom, so the service needs to assure labels and collecting societies that everything will be legal and music makers will be appropriately recompensed for their work.
New music service will also acquire music from friendly major musicians and host original indie artists who choose to upload their own tracks, creating a new repository of music no matter how much major label material is available.
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Saturday, October 11th, 2014
|The key to this is that it was done through trust,,, this was a layer of protection and was a brilliant decision for him|
|posted by (2014-10-11 19:32:38)|
|It was a great move from him. I'm hoping that this service will be a great success.||
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