Megaupload founder to launch a new file sharing website

The founder of file sharing website, Megaupload, Kim Schmitz, now changed his name to Kim Dotcom, is to launch a new file sharing website (mega.co.nz) Kim was arrested and claimed of infringing content copyrights including movies, TV shows, music and other content, and then Megaupload was shut down and Kim remained free on bail in New Zealand. US was looking for his extradition following a number of charges including copyright theft, racketeering and money laundering.