The $54 billion conglomerate controls over 33% of the music market.
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Because big brands and global music stars aren’t making enough money they will now team up to further lighten your pockets. Here’s how…
So! The shutdown MegaUpload and charging of founders with piracy ostensibly started with a copyright scuffle between the filesharing site and the Universal Music Group. Except the shut-down was also timed to scupper MegaBox, a venture to sell artist’s work directly to consumers while letting artists keep 90 percent of earnings. Raised eyebrows all around.
Yesterday the popular file-sharing site, MegaUpload was taken down by the US government. In response, hackers aligned with the global cyber-collective known as Anonymous took down at least six prominent websites, including those of the US Department of Justice and Universal Music Group.