Earlier this week, Megaupload founder Kim Dotcom revealed that preparations for the new Megaupload are well on their way. Dotcom told his followers that the code is almost done and that servers were on the way. Speaking via Twitter, the Megaupload founder said:
"Quick update on the new Mega: Code 90% done. Servers on the way. Lawyers, Partners & Investors ready. Be patient. It's coming."
Today brings us more news of the new Megaupload, including a name. Kim Dotcom posted a 'trailer' for the new site to YouTube today. The video doesn't give too much away, but it does offer a behind the scenes look at the making of Megabox, which is the name of the new site. Various screenshots from the video tell us that there will be regular accounts as well as artist accounts. Not only that, but the service will apparently offer unlimited cloud storage for users to stash their music online, as well community and chat functions.
So far there's no release date, but we'll keep you posted. In the mean time, you can check out the full video for yourself below.