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News Summary: Megaupload founder plans site reboot

Associated Press Published: October 11, 2012
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COMING BACK: Indicted Megaupload founder Kim Dotcom is planning to launch a replacement of his shuttered website and a new online music service.

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.