MegaUpload founder will have to reveal the amount of his assets after losing a bid to keep the information about how much money he has from five Hollywood studios. Kim Dotcom, currently facing extradition to the United States over alleged copyright violation, tried to appeal a decision of a New Zealand high court, which previously required him to disclose the amount of his worldwide financial assets to the entertainment industry.

However, a court of appeal upheld the high court order, and Dotcom is still required to disclose his assets to the studios, though those won’t have a right to reveal the secret to the public. Moreover, Dotcom will also have to pay the studios’ legal costs for his unsuccessful appeal.

The high court order to disclose Dotcom’s assets came after the plaintiffs, who have filed a civil suit in the United States against the MegaUpload founder demanding over $100 million for copyright infringement, became too worried about him spending money too fast, and fearing they might not get all money they wanted.

For example, Dotcom donated at least $3.5 million to the Internet party in the lead-up to the general election. He also offered a $5 million bounty put up for data on the American and New Zealand governments.

In the meantime, New Zealand assets of the Internet entrepreneur are already subject to a foreign restraining order. The latter was put in place following Dotcom’s arrest almost 3 years ago. In addition, a high court judge has recently dismissed a judicial review bid by MegaUpload founder over the handling of his extradition case by the district court. It seems that Dotcom suffers one defeat after another in his long-lasting copyright fight.