Kim Dotcom's Megaupload heyday is ancient history for the music industry

Entrepreneur may be facing extradition to the US, but in 2016, labels will be more focused on navigating the changing economics of streaming

You might expect champagne corks to be popping within major music labels at the news that a New Zealand court has ruled Kim Dotcom can be extradited to the US to face charges of copyright infringement, racketeering and money laundering.

In his heyday at cloud storage service Megaupload, Dotcom became a cartoon villain for music rightsholders – and their compatriots in the film, games and software industries – as they saw the company as a haven for illegal filesharing. Yet that heyday is ancient history for a music industry that has been going through an intense period of digital disruption in recent years. Dotcom was arrested and his site shut down nearly four years ago, in January 2012.