The Fall of MegaUpload- Not about Piracy?

I read an article recently on a blog I read pretty regularly. The article is about how the shut-down of the Megaupload website may not have been all about anti-piracy. Sources are suggesting that the record industry shut down the popular site because the pending release of a new music service known as "MegaBox."

"Megabox had outlined a model that would allow unsigned artists and any other unattached content creators to sell their works through the site and pocket 90% of their earnings. Artists would have also had the option to completely give away songs and still be paid for them through a “Megakey” service. According to its founder, Megabox had potentially discovered way to get around the labels, RIAA and the entire music business."(from article).

Online media sales and the artist royalties is a constant debate right now in the music industry. The labels and artists are looking for new ways to get paid in this new world of digital media.

Take a minute to look over this article and give your opinion on the topic.

Keep the Music Alive, and Straighten Your Tie.