Megaupload Shut Down by Federal Prosecutors; Swizz Beatz Unmasked as File-Sharing Site’s CEO

If you thought yesterday’s online protests of the Stop Online Piracy Act were going to deter anyone from stopping online piracy, you were definitely wrong. Just this afternoon one of the biggest file-sharing sites, Megaupload.com, has been shut down following a federal indictment that allegest the services encourages online piracy. 

The Associated Press reports:

The indictment accuses the company of costing copyright holders more than $500 million in lost revenue from pirated films and other content. The indictment was unsealed Thursday, one day after websites shut down in protest of two congressional proposals intended to thwart the online piracy of copyrighted movies and TV programs.

Before the site’s was shut down this afternoon, Megaupload made news this morning when the New York Post alleged that CEO Swizz Beatz got some of his famous friends, including Sean "Diddy" Combs, Kanye West, and Will.i.am to promote his service in a video uploaded to YouTube last month. 

But after the starry promo appeared on YouTube last month, Diddy, Kanye and Will.i.am’s label, Universal Music Group, issued a “take-down notice” to YouTube, saying the artists’ performances were unauthorized. Their individual reps followed up, sources say. Mega-Upload fired back with a lawsuit against Universal to stop it from blocking distribution of the video. A Mega rep told us: “We have never received any word that any artist has [individually] filed a take-down . . . [we have] legally binding agreements with the performers that appear in the video…"

You can check out the video below:

Not only did the New York Observer confirm this afternoon that Swizz Beatz is indeed the CEO of Megaupload, it appears that the rapper and record producer (and husband to Alicia Keys) will be facing a lot of tough legal battles in the future — including a few fights with some of the people within his industry.

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