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Some Facts About Megaupload Site Which Shut Down By FBI Recently

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The website Megaupload.com, which was shut down by US authorities over copyright violations, is among the world's most popular filesharing and streaming websites with a reported 50 million users a day. But for copyright holders in the music, television or film industry, the website embodies theft and piracy of cultural works. The Hong Kong-based site and its different domains such as MegaVideo, offers to host files for free or for a fee if they exceed a certain size. All kinds of files are can be uploaded including music, film, books or software files. Once they are online, they can be downloaded by other users for free. The website also offers streaming of films and television series, much like YouTube or Dailymotion. Streaming is a more popular practice as it is not illegal, contrary to downloading. Dozens of other websites offer exactly the same kind of filesharing service, such as Rapidshare, Filesonic, Fileserve or Depositfiles. However, Megaupload has become the most po...