Megaupload, one of the world’s largest file-sharing services, was shut down Thursday and it’s founder and several company executives were charged with violating piracy laws, federal prosecutors said.
In an indictment filed by the federal government Megaupload is accused of “costing copyright holders more than $500 million in lost revenue from pirated films and other content.”
As previously reported, Kasseem Dean, better known by his platinum hip hop production alias Swizz Beatz has revealed himself to be the CEO MegaUpload.com.
The Megaupload came under fire after it issued a lawsuit against Universal to stop it from blocking the distribution a questionably strange music video promoting the site . The video featured testimonials by Diddy, Kim Kardashian, Kanye West, Will.i.am, Chris Brown, The Game and more. Universal Music Group, the label of Diddy, Will.i.am and Kanye West issued a take down notice for the video as their appearances were deemed as unauthorized performances.