The creator of the Mega and Megaupload file sharing sites, Kim Dotcom has this week announced plans to launch a third file sharing service, aiming to compete with Mega directly.

This is due to Dotcom’s new distrust in Mega after the New Zealand government gained control of the website, claiming a corrupt Chinese investor has purchased enough shares in Mega to take over the company, despite the fact that the New Zealand government since seized all of the investor’s shares, and transferred control to itself.

“In addition Hollywood has seized all the Megashares in the family trust that was setup for my children,” he says. “As a result of this and a number of other confidential issues I don’t trust Mega anymore. I don’t think your data is safe on Mega anymore.”

So due to all this Dotcom will launch his own competitor when his existing non-compete clause runs out at the end of this year.

He has already revealed details about his plans for the service, stating the following to Slashdot in a recent interview:

“I will create a Mega competitor that is completely open source and non-profit, similar to the Wikipedia model. I want to give everyone free, unlimited and encrypted cloud storage with the help of donations from the community to keep things going.”

Dotcom has said that he will release a detailed breakdown of Mega’s status next week, but has not given specific details as to his plans for another file sharing service.

Via: Slashdot

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