• The Telegraph , Sunday, June 24, 2012 2:14 PM

The colourful entrepreneur, who is on bail in New Zealand and wanted in the United States on charges criminal copyright infringement, money laundering and racketeering, took to Twitter to unveil his new venture, Megabox. The new website will offer musicians a way to sell their music direct to fans and keep 90% of revenues. “The major record labels thought Megabox is dead,” said Dotcom. “Artists. rejoice. It is coming and it will unchain you.” Dotcom, born Kim Schmitz in Germany, was arrested in January in a raid on his mansion in Auckland.

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