MEGAUPLOAD Shut Down by Feds

Thursday evening, Megaupload which is one of the world's largest file-sharing sites, was shut down after a federal court in Virginia ordered that the site be shut down. The founder and several company executives with charged with violating piracy laws. The indictment stated that Megaupload had cost copyright holders more than 500 million dollars in lost revenue from pirated movies and other pirated content. HotNewHipHop.com stated "Megaupload was unique not only because of its massive size and the volume of downloaded content, but also because it had high-profile support from celebrities, musicians and other content producers who are most often the victims of copyright infringement and piracy." The site made a statement that said they were going nowhere and would keep running. The statement read, "The fact is that the vast majority of Mega's Internet traffic is legitimate, and we are here to stay. If the content industry would like to take advantage of our popularity, we are happy to enter into a dialogue. We have some good ideas. Please get in touch."
http://www.hotnewhiphop.com/megaupload-shut-down-by-feds-news.1276.html

Everyone downloads music illegally in todays world. Paying $1.29 for one song and anywhere from 10-25 dollars for a cd is outrageous. Whether the government, feds, artists, and copyright holders like it, there will always be an availability to free music online. I do agree that it is wrong and is definitely bad for the copyright holders, I do not think shutting down one site is going to change much. Most of the websites that people steal music from are a legal website but the ones who are downloading the music or movies are the ones that committing the cyber crime. Most websites including Megaupload.com were made to be a personal storage place to keep your own music and listen to other peoples music, it is when these people start downloading music that is not theres to their computer that things get illegal.