AUCKLAND, NEW ZEALAND – MARCH 27: Kim Dotcom reads a statement to media after the Internet Party was launched at the Dotcom Mansion on March 27, 2014 in Auckland, New Zealand. The Internet Party today launched its membership drive with members paying $1.29 to join up. (Photo by Phil Walter/Getty Images)
Credit: Getty Images
Kim Dotcom has parted ways with Baboom, a music streaming service he supported and used to launch ‘Good Times,’ his first-ever album.
The platform is currently available as a preview for early access users, although Baboom says it’ll launch properly in the first quarter of 2015. Dotcom had a 45 percent shareholding in the company, but sold his stake to VIG Limited.
“Kim is moving on to focus on other projects, and both camps wish each other well with future plans,” Grant Edmundson, CEO of Baboom said.
Good bye @Baboom. I was holding u back. The music industry hates me. You’ll do better without me. Good luck my love. http://t.co/eByCsUizmR
— Kim Dotcom (@KimDotcom) October 2, 2014
Dotcom is the founder of MEGA, a file hosting service, as well as the Internet Party, which recently competed in New Zealand’s parliamentary elections. The party, which teamed up with the Mana Movement, gained 1.3 percent of the vote, which was below the 5 percent needed to earn a place in Parliament.
➤ Baboom
Thumnail iamge credit: Phil Walter/Getty Images
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