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News Summary: Megaupload founder plans site reboot

Published: October 11, 2012 Comment on this article

COMING BACK: Indicted Megaupload founder Kim Dotcom is planning to launch a replacement of his shuttered website and a new online music service.

photo - FILE - In this Feb. 22, 2012 file photo, Kim Dotcom, the founder of the file-sharing website Megaupload, comments after he was granted bail and released in Auckland, New Zealand. In a move bound to provoke U.S. prosecutors and entertainment executives, indicted Megaupload founder Kim Dotcom is planning to offer a new online music service and a replacement of his shuttered website by year’s end. (AP Photo/New Zealand Herald, Brett Phibbs, File) NEW ZEALAND OUT, AUSTRALIA OUT

FILE - In this Feb. 22, 2012 file photo, Kim Dotcom, the founder of the file-sharing website Megaupload, comments after he was granted bail and released in Auckland, New Zealand. In a move bound to provoke U.S. prosecutors and entertainment executives, indicted Megaupload founder Kim Dotcom is planning to offer a new online music service and a replacement of his shuttered website by year’s end. (AP Photo/New Zealand Herald, Brett Phibbs, File) NEW ZEALAND OUT, AUSTRALIA OUT

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DETAILS: Dotcom says his planned music service will enable users to download music for free in exchange for accepting some advertisements. He says 90 percent of the revenue will go to the artists. Still, the move is bound to provoke U.S. prosecutors and entertainment executives.

THE BACKDROP: The file-sharing site that Dotcom started in 2005 was one of the most popular online sites before U.S. prosecutors shut it down and filed racketeering charges against Dotcom and others.