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An internet entrepreneur accused of costing media companies 400 million euros through piracy has revived plans for a new music venture online.

Kim Dotcom told followers on the micro-blogging site Twitter that the service called Megabox would be launched this year.

He also hinted at a return of Megaupload, the file-sharing site that led to the charges of copyright theft and fraud in the United States.

The site was closed in January. The FBI and the US Justice Department want Dotcom extradited from his home in New Zealand to stand trial in the United States.

Auckland police raided his mansion in January, putting plans for his music site on hold.

An extradition hearing is scheduled for next March.

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