The Pirate Bay sold to Swedish gaming group

Jun 30, 2009
Supporters of the web site 'The Pirate Bay', one of the world's top illegal filesharing websites, demonstrate in Stockholm, April 2009. A Swedish gaming group said it would buy The Pirate Bay, one of the world's most popular filesharing sites, for 5.6 million euros (7.8 million dollars).

A Swedish gaming group said Tuesday it would buy The Pirate Bay, one of the world's most popular filesharing sites, for 5.6 million euros (7.8 million dollars).

The company, Global Gaming Factory (GGF), plans to begin paying copyright fees once the deal is completed.

"The listed software company, Global Gaming Factory (GGF), acquires The website, one of the 100 most visited websites in the world... The purchase (sum) amounts to 60 million kronor, consisting of at least 30 million in cash," it said in a statement.

The remainder will be paid in the form of newly issued shares in GGF.

A Swedish court in April found the four men behind The Pirate Bay guilty of promoting by running the site, sentencing them to a year in prison.

They were also ordered to pay damages of 30 million kronor (2.72 million euros, 3.56 million dollars) to the movie and recording industry -- the sum agreed upon in cash in Tuesday's sale.

The four have appealed the verdict, though no date has been set for the appeals trial.

GGF said in the statement that it wanted content providers and copyright owners to get paid for content downloaded from The Pirate Bay, which is currently free of charge and does not pay copyright fees.

New technology would require users to pay to download films, games and music, but "they will be able to make money" by sharing their files with other users, GGF chief executive Hans Pandeya said.

"And if you earn money by sharing your files, then maybe it's not that hard to pay for top quality," he told Swedish news agency TT.

One of The Pirate Bay founders, Peter Sunde, said it was time for the site to get fresh impetus from new owners.

"We feel that we can't take The Pirate Bay any further. We're in a bit of a frozen situation where there's not much happening and there are neither people nor money to develop things," Sunde told TT.

The sale "means things will go into a new gear for The Pirate Bay," he added.

Sunde said the 30 million kronor paid in cash for The Pirate bay was not linked to the damages the court ordered the four to pay, and said the money would not reach their pockets.

Rather, he said, the money would be used to create a fund to develop other Internet projects.

The guilty verdict handed down against the three founders of The Pirate Bay and their main financier made headlines around the world, at a time when many countries are trying to hammer out legislation on Internet filesharing.

Founded in 2003, The Pirate Bay makes it possible to skirt copyright fees and share music, film and computer game files using bit torrent technology, or peer-to-peer links offered on the site.

None of the material can be found on The Pirate Bay server itself.

The Pirate Bay claims to have some 22 million users worldwide.

(c) 2009 AFP

Explore further: Tweet much to gain popularity is an inefficient strategy

add to favorites email to friend print save as pdf

Related Stories

Swedish court rules out Pirate Bay retrial

Jun 25, 2009

A Swedish court on Thursday rejected calls for a retrial of four men found guilty of promoting copyright infringement by running filesharing site The Pirate Bay, saying the trial judge was not biased.

Judge in Pirate Bay trial may have been biased

Apr 23, 2009

A Swedish judge who found four men guilty of promoting copyright infringement by running filesharing site The Pirate Bay may have been biased and a retrial may be ordered, legal experts said Thursday.

Sweden: hundreds protest Pirate Bay conviction

Apr 19, 2009

(AP) -- Wearing bandanas and waving Jolly Roger flags, hundreds of supporters of file-sharing hub The Pirate Bay demonstrated on Saturday against a Swedish court's conviction of the Internet site's organizers.

Recommended for you

Tweet much to gain popularity is an inefficient strategy

14 hours ago

The imbalanced structure of Twitter, where some users have many followers and the large majority barely has several dozen followers, means that messages from the more influential have much more impact. Less ...

Five ways to fight online abuse with good manners

15 hours ago

Online and social media's capacity to enable anyone to communicate their ideas and views is much celebrated. So why do so many people feel nervous about getting involved with online debate?

User comments : 3

Adjust slider to filter visible comments by rank

Display comments: newest first

dirk_bruere
not rated yet Jun 30, 2009
Hello Napster 2.
Goodbye Napster 2.
Hello China...
EvgenijM
not rated yet Jul 01, 2009
Actually, if government managed to completely block illegal file sharing - this would force users to use free software, which in turn would burst in popularity and invite many more developers. This will lead to rapid development of free software and many projects in short time will go above closed source quality, which as a side effect - would completely kill closed source.
It is kind of funny, when all those closed source companies are trying to completely stop illegal file sharing - it is like shooting yourself in the foot.
CreepyD
not rated yet Jul 01, 2009
I also thought of Napster here. It sounds like they might actually have a good idea if it works though.
Gaming-wise, I'm tired of companies making crap games and them blaming piracy for their lack of sales.
99.9% of games these days I wouldn't want to play if they gave it to me for free.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.