Kim Dotcom, the founder of Megaupload, has unveiled details of Baboom, his free new music service venture.

The internet entrepreneur, who resigned from cloud hosting service, Mega, he launched in January last week, insists his new free music service will not rip off artists. Baboom will compensate artists through advertising revenue, but will also be available as a paid version without the ads.

According to TorrentFreak, the service will be launched in a few months time. He told the website: "I am really excited about Baboom. I can't wait for artists to see what i have created for them. Their entire career can be managed on Baboom. Artists never had more freedom, transparency and control."

Due to costing the film and music industries millions of lost dollars in revenue, Megaupload was shut down by the FBI last year.

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