Megastudios seek freeze of Dotcom’s assets as he offers $5mln bounty
Megastudios seek freeze of Dotcom’s assets as he offers $5mln bounty
Published time: June 09, 2014 09:41
Edited time: June 09, 2014 10:15
Edited time: June 09, 2014 10:15
Music and movie giants seeking damages from Kim Dotcom want his assets frozen, as the entrepreneur is facing extradition to the US over copyright infringement. In response, the founder of the Megaupload website is offering a bounty to whistleblowers.
Lawyers representing four music industry giants and six Hollywood studios appeared before the High Court in Auckland, New Zealand, to petition for a continued freeze of Dotcom's assets, Australian Associated Press reported Monday.
The record labels are understood to be Warner Music, UMG Recordings, Sony Music and Capitol Records, while the film companies are 20th Century Fox, Disney, Paramount, Universal, Columbia Pictures and Warner Brothers.
Following a 2012 raid on Dotcom's house, his assets worth $17 million were seized and his bank accounts worth $175 million frozen. In April New Zealand's High Court decided it would not extend the police seizure of assets, including cars, art, jewelry and cash.
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