Megaupload founder Kim Dotcom has stepped down as director of the new 'Mega' cloud hosting service he launched in January.
Dotcom has decided to free up time for other projects, including “on-going legal battles and his political aspirations”. Tthe entrepreneur is also working to launch a new music service.
Mega was founded a year after controversial file-sharing site Megaupload was raided in 2012. In a matter of days the site’s membership went from zero to more than a million. The company reportedly has plans to expand its business in the future.
One of the new ventures Dotcom will focus on is the music platform formerly known as Megabox - which is expected to launch under a new name in the coming months.
Dotcom and several of his Megaupload colleagues are currently fighting an extradition request from the United States, where they are wanted for several alleged crimes to do with charges of fraud, money laundering and copyright infringement.
Featured Artists Coalition co-CEO Crispin Hunthas recently spoken out about Dotcom, labelling him as someone “hell-bent on furthering his own corpulent interests rather than some of our more corporate ones” at the BPI AGM on Wednesday.