Why was MegaUpload REALLY shut down?

Submitted by Bill St. Clair on Tue, 24 Jan 2012 17:26:15 GMT  <== Politics ==> 

Shauna Myers at Google+ - on December 21, Digital Music News reported a new service, MegaBox, that MegaUpload already had in beta. It provided a cloud music service that paid artists 90% of the purchase price of music they provided. It even paid them for downloads of free music they provided. Likely scared the RIAA to death. Ms. Myers contends that this may be why they were taken down. Nothing to do with copyright violations. Simple monopoly protection.

From the Digital Music News article:

MegaUpload has the capital to do this, but they are also pushing some emotional capital as well. That is, a stark juxtoposition between them and traditional media interests, ie major labels like UMG. "These guys think an iPad is a facial treatment, the internet is the devil, and wired phones are still hip," Schmitz blasted. "They are in denial about the new realities and opportunities. They don't understand that the rip-off days are over. Artists are more educated than ever about how they are getting ripped off and how the big labels only look after themselves."

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About 11 years ago, Courtney

Submitted by J. Croft on Tue, 24 Jan 2012 20:01:25 GMT

About 11 years ago, Courtney Love wrote an article breaking down how a studio million dollar contract gets whittled down by the lawyers and producers to a pittance, and how rock bands rely on tours for money... but the studios constantly want them to do promos where they're not paid. Yeah, I can see now why Megaupload got shut down if they were going to hook up artists like that.

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