Pirate Bay Announces Sale to Swedish Company For $7.8 Million
paulraps writes "The Pirate Bay is to be bought for $7.8 million by Global Gaming Factory X, a Swedish company specializing in internet café management software, the company has announced. As well as taking over the controversial brand, GGF has also bought Peerialism, a small IT company with roots at Sweden's Royal Institute of Technology, which has developed a new file sharing technology. The acquisitions mean that GGF will be at the heart of 'the international digital distribution market,' allowing it to introduce a new pay model for file sharing." Reader pyzondar adds "However, the press statement also states that the deal will only go through 'if GGF and its Board of Directors can use the asset in a legal and appropriate way.'"
hehe, sure sold 'em that bridge.
How we know is more important than what we know.
Just like supernova before em. Well that's the end of that..
The technology is legal, some of the files shared may not be. That will depend on your local legal code.
The simple truth is that interstellar distances will not fit into the human imagination
- Douglas Adams
The tough sell out. As would I. That fine's gotta get paid somehow.
So much for operating thepiratebay.com at no profit. That sounds like a sizable profit to me, even after the $3.6M in damages awarded. There is still the issue of the 1-year prison sentence for each of the four operators...but each will walk away from prison with about $1,050,000 after all is said and done.
-Turkey
Very, very, very sad. So what do you think the next step will be? Turning TPB into a CDN? Using advertising revenue to pay for files shared? What are your thoughts?
On The Pirate Bay blog the TPB crew gives their side of the story.
Idealism is not dead: The profits from the sale will go into a foundation that is going to help with projects about freedom of speech, freedom of information and the openess of the nets. I hope everybody will help out in that and realize that this is the best option for all. Don't worry - be happy!
>> 'the international digital distribution market,' allowing it to introduce a new pay model for file sharing."
So, it'll be Napster 2. Big corp buys out great service for the tech alone and uses it to further corporate greed.
And here we were thinking the TPB founders were selfless Jedi helping file sharers and making the digital world a better place for all. They SOLD OUT!!!
TPB was nice while it lasted.
...for Napster
The file sharing community isn't the best known for paying for downloads (although studies have shown that they buy more music/films etc), but if this company starts charging for access to TPB or per download, they'd better make sure that they won't reveal any names or info about downloaders. Otherwise all of their appeal will have evaporated.
I dreamed of Freud: What does this mean?
Enter Carl Lundstrom. Had the money to put up for badly needed servers. Has seen the rise of TPB and sees the $$$. Sinks in some cash for a few servers, sits back and waits then sells out for a whopping profit.
While it may have originally been done for the spirit that they CLAIMED they had in the trial, it certainly wasn't that in the last couple of years. The lying fuckers even went to court knowing that they were going to sell out not long after and stood there and perjured themselves saying it wasn't about the money. Yeah right.
NOBODY BELIEVES YOU
I only please one person per day. Today is not your day. Tomorrow isn't looking good either. - Scott Adams
Was nice knowing you... now, let's all move to some other tracker of of the thousands out there, and let it die like others did .I guess this cat and mouse game is going to last a while.
Well, there goes the best of the great torrent sites. I'll bet dollars to donuts that this new company attempts to Napsterize the site, turning into a pathetic shell of its former self.
SJW: Someone who has run out of real oppression, and has to fake it.
Everybody's Got A Price!
1. Set up a file sharing website with a cool name
2. Build a domain and brand worth millions
3. Profit!
4. Move to another domain
5. ???
6. Profit again!
??? is probably "GOTO 1"
But they've just launched a restriction free video streaming site as well.
I'm unsure if that is related to the buy-out or not, but if it is, it really is a statement of intent to go forward with the things that TPB stood for.
What do you bet TPB puts up geographic walls in the near future? As in, "sorry, this product is not available in your country".
That seems to be the authorities response to the internet's "route around censorship" philosophy. And it appears to be fairly effective, thus far - as evidenced by many foreign posts on slashdot of users having problems with iTunes, Hulu, or whatever.
If they're going to charge for downloads, then it's really the end of it. People will just go elsewhere. Why should anyone pay for a service when they have the same for free elsewhere? That's the whole point that created a demand for Pirate Bay in the first place, and it's the same reasoning that is going to destroy it. There's no bland loyalty here. People aren't going to keep tracking torrent from Pirate Bay just because it's Pirate Bay. They're gonna go to where it's free. What a dumb idea... (but then again I know, they got sued, need the money, bla bla bla. but what about me?)
The following comment was made by krs on another site
To clarify a bit..
TPB has been owned by a company for the last years since the raid so nothing there will really change except the names of the owners. The talk about TPB are going to be a pay site is wrong, the CEO that said that does not know what he is talking about.
Now, the BIG change is that the tracker is going to be outsourced to a new formed company that wont know what they track, just that they connect peers, and the torrent listings will be handed by an other new company that will have torrents but they will not know either content or who is using the torrents. This setup will be practically impossible to take down or find anyone liable to sue.
The 3d party company services will have APIs, so you can on your blog or whatever have your own small torrent listings just as you now pull in twitter feeds. remember how the twitter design totally havoced the iranian attempts to block it as ppl just used another side that pulled in the feeds and read it there instead? well that goes for torrents and TPB to.
All in all, this is not the end of the world as some are seeing it but a rather interesting technical improvement.
And dont worry, not a dime will go to the media industries spectrial prize money what i know of but a really nice fund for doing cool stuff. /krs - co.founder of TPB and PB, not involved in TPB anymore and have no stake in any cash.
This feels a lot like history repeating itself - It's Napster all over again...
Music industry sues P2P service -> service loses -> service turns legit -> becomes irrelevant -> gets replaced by something better, and less centralized.
I'm curious what's going to come next, but I suspect this turn of events will spur on some interesting technical developments.
Paul Leader
Something will pop up in it's place. The idealists are misplaced. The rest will just find a new way, but with the lessons learned.
What was the point of going through the court proceedings? Why, money, of course!
Also, as evidenced by Kazaa, Napster, Suprnova, and I'm sure many others that I didn't personally use, taking a free piracy site (sure, sure, pirate bay has a few legal uses, but lets be honest here) and turning it into an "innovative pay model for sharing" just doesn't work. You're fan base does -not- transfer. Apples fan base, yeah, they buy things, iTunes can work. Jimmy down the street downloading bootlegs? Not buying. GGF just wasted 60 million kroner.
"A lot of people are worried. We're not and you shouldn't be either!":
http://thepiratebay.org/blog
Some of my favourite people are from th US; Vonnegut, Chomsky, Bill Hicks.
So is TPB going the way of the Napster? Buy them out and try to turn them into some legitimate website?
What's to happen regarding the IPREDator VPN service?
Finally had enough. Come see us over at https://soylentnews.org/
Wow, having your political party's idealistic figurehead be bought by an internet cafe if kind of a kick in the balls, huh? Does GGF now get a seat in their parliament?
What a waste of money. You can download TPB from bittorrent or any p2p share for free!
stuff |
Come on, they wouldn't just hand over the site to someone else could they? What if the mpaa or riaa, the entertainment industry tries to make some deal with them about ip logs?
Could this be the beginning of more lawsuits?
TPB founders say they will be using the money for good; to support idealism and promote free speech. What happens when the money is depleted and they can no longer use TPB to combat corporate and government ignorance?
The Swedish news site Realtid.se is now running an article that make this sound less than promising, even if you wasn't bothered by the concept presented in this (Slashdot) article.
Please excuse the Google Translate machine translation, but it should still be readable:
http://translate.google.se/translate?js=n&prev=_t&hl=sv&ie=UTF-8&u=http%3A%2F%2Frealtid.se%2FArticlePages%2F200906%2F30%2F20090630101501_Realtid980%2F20090630101501_Realtid980.dbp.asp&sl=sv&tl=en&history_state0=
Beware: In C++, your friends can see your privates!
Where can I download this?
Genesis 1:32 And God typed
In other words, profitable? HOW?
Ponder this for a moment: What did you buy?
1) A database, consisting of torrents. The "illegal" content can't be used. The legal content can be gotten anywhere. Nobody will pay for this.
2) A brand name. People go to TBP to look up torrents. If they can't do that for free, they will go elsewhere. Nobody will pay for this either.
3) Erh... beats me.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
From the press release:
Completion of the acquisitions are primarily subject to GGF obtaining financing for the acquisition
So to summarize: they're buying a company with unknown business model and unknown future legal status, for money they don't have.
I don't see that working out. Usually you at least make sure the seller has something to sell, and the buyer has the ability to buy, before you announce a sale. This is just fantasy so far.
I think it survived because it latched onto the kind of music purchasing model that attracted people to file sharing in the first place. People don't buy music at retail any more because it's essentially valueless. The $10 CD nothing to produce, the music in the store is constantly on the airwaves anyway, and the support it gives the artist is close to zero. Music had become a disposable item, so all-you-can-eat music for the cost of an internet connection was an incredibly attractive proposition, and that's what file sharing provided. And that's what the Napster service had the sense to provide when it went legal.
No kidding!!! What do you say at this point?
Hmm, I haven't been able to connect to TPB for the past hour. The timing seems a tad suspicious.
Anyone has a mirror...or torrent for the site?
The piratebay is down. Given the news, I guess that is not a surprise at all. The new owners, deleting the web page. I think that the company that did buy The Piratebay was a shell company for one the RIAA/MPAA members.
ping -c 4 thepiratebay.org
PING thepiratebay.org (192.121.86.15) 56(84) bytes of data.
--- thepiratebay.org ping statistics ---
4 packets transmitted, 0 received, 100% packet loss, time 3009ms
..TPB is going the way of Napster?
Are YOU using the TOOL, or is the TOOL using YOU? Think about it!
The courts could have fought for another decade without denting TPB, but this news is a eulogy.
"I zero-index my hamsters" - Willtor (147206)
is my piratebay hoodie still cool to wear?
Ixnay onay ethay enetusay!
-
Peter Sunde gave two presentations last week here in Brazil. On the first one he talked about the history of TPB, and on the second one he talked about TPB services. In the end of one of his presentations (I don't remember witch one) he was asked, if someone offer to buy TPB for some money, would they sell it? His answer was that they would do what's the best to TPB (He said some more things also).
I don't know why but I felt he was hiding something.
bankrolled this on the back end? Seems like a pretty well played out end game - PB crew gets rolled in court by a judge working for the record companies, then this miraculous offer comes out that will cover their legal expenses and give them a little extra something-something for themselves, plus a chance to safe face with that little charity speech, and everyone ends up happy minus all their disposable fan base. I guess the record companies realized that once someone gets elected into politics they get a price tag :) Well played indeed.
I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.
the TPB logo :)
I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.
No, I don't think they're that naive.
Having thought a little bit about it, what I think the plan is, is this: The shares of GGF (a micro-cap stock) went up a lot on the press release. I think that's the point, and where the money in all this is.
This is a pump and dump scam.
They're betting on not enough people really reading the press release. Wannabe daytraders put money into the penny stock of GGF and are taken to the cleaners. Where the money goes - well, I don't know. To new nebulous "internet projects", somewhere? Maybe.
GGF is under no obligation to complete the deal. All they have to do is claim "no funding" and the deal is off - but not after the owners of GGF stock has been able to sell it at a much higher price than they would've been able to without this press release.
As I said at the start - this is what I think. I have no proof of anything of the above, but I'm just stating what I think this smells like.
TPB might change owner
Yes, it's true.
News reached the press today in Sweden - The Pirate Bay might get aquired by Global Gaming Factory X AB.
A lot of people are worried. We're not and you shouldn't be either!
TPB is being sold for a great bit underneath it's value if the money would be the interesting part. It's not. The interesting thing is that the right people with the right attitude and possibilities keep running the site. As all of you know, there's not been much news on the site for the past two-three years. It's the same site essentially. On the internets, stuff dies if it doesn't evolve. We don't want that to happen. We've been working on this project for many years. It's time to invite more people into the project, in a way that is secure and safe for everybody. We need that, or the site will die. And letting TPB die is the last thing that is allowed to happen! If the new owners will screw around with the site, nobody will keep using it. That's the biggest insurance one can have that the site will be run in the way that we all want to. And - you can now not only share files but shares with people. Everybody can indeed be the owner of The Pirate Bay now. That's awesome and will take the heat of us. The old crew is still around in different ways. We will also not stop being active in the politics of the internets - quite the opposite. Now we're fueling up for going into the next gear. TPB will have economical muscles to let people evolve it. It will team up with great technicians to evolve the protocols. And we, the people interested in more than just technology, will have the time to focus on that. It's win-win-win. The profits from the sale will go into a foundation that is going to help with projects about freedom of speech, freedom of information and the openess of the nets. I hope everybody will help out in that and realize that this is the best option for all. Don't worry - be happy!
I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.
Swedish free-lance journalist and IT entrepreneur Thomas WennstrÃm made an interview with TPB spokesperson Peter Sunde earlier today: http://www.whatsnext.se/2009/06/30/podcast-with-peter-sunde-on-the-ggfs-accquisition-of-the-pirate-bay/
wow. the pirate bay corpse isn't even cold yet and already y'all are foaming at the mouth. Sure there is a lot of money involved, but perhaps they speak the truth(I know completly crazy thought, right?)we know nothing except that for years they gave the people what they wanted and they were "heros". Now apparently there lepers. People need to stop jumping to conclusions and show a little loyalty for the folks that helped you get illegal shit and didn't snitch on you. seriously, the world is the crappy place it is because of people believing the worst of everyone. give these guys the benefit of doubt untill they PROVE their not worthy.
$7.8 million for one of the most popular websites in the world??? Why doesnt the RIAA/MPAA just offer them $10million and shut it down? Even if they killed all the torrents and sold T-Shirts they'd make their money back...
The owners and controllers of TPB got a massive financial judgment against them. After a plaintiff gets a judgment, the next thing that he or she wants to do is enforce that judgment. If the losers won't pay voluntarily, the winners get to use judicial process to take the losers' stuff. The "TPB entity" is such stuff.
The pirates sold their business because it was doomed anyway.
If they're hiding assets from their creditors, they are looking at another round of trouble with the trial judge.
http://suprbay.org/showthread.php?t=57490
"(I) have this unfortunate condition that causes me not to believe a single thing any politician says when a mic's on.
there's a surprising amount of content on TPB
There is nothing "on" TPB, and that fact is a major part of their defense. They only link to content hosted by others, they don't host anything themselves. Like an ISP, they disclaim responsibility for the legality of the content. They are not in the business of being IP cops.
impossible to say what percentage of files on The Pirate Bay is illegal
No, that's easy to say: 0.
Please don't make this mistake. We can hardly expect the legal world to get this right if you and the mods slip up on this important distinction. That Napster did host content is what the copyright maximalists used to take them down. This time, lacking that argument, the copyright maximalists seemed to have gotten their way (so far) by co-opting the judges. They don't have any legal basis. Judges are proving too easy to co-opt by playing on fears over change and disruptive technology. The judge for Napster really lost it when she exclaimed that they "created a monster". All she really did was show the copyright maximalists that the legal world was full of plums ripe for the picking.
is a No CD patch/crack legal?
I wish I could say that of course that's legal. But the DMCA stupidly criminalized much of that. So, best I can suggest is that a crack is a tool that has many legitimate purposes as well as the obvious illegitimate purposes.
Intellectual Property is a monopolistic, selfish, and defective concept. It is "tyranny over the mind of man"
@brokep I think people are seeing the fact you lost the case and pretty much sold up afterwards as a bad thing.The money is talking here.
brokep@gully666uk so either there is 60M in a fund, or there is no site and no money. What's the preferred deal? We have no energy left.
@brokep You have done well to keep it up, but people mostly have reacted badly.Its pretty similar to napster and we know how that went.
brokep@gully666uk Yes, we're trying to avoid just that. It's just a site, we need to take the icon status away so lots of sites can replace that.
@brokep I applaud your stance , whether it succeeds only time will tell.You created the icon by taking on the riaa sadly they are winning.
brokep@gully666uk They're not winning. A cannon is now being loaded with money.
@brokep Let us both hope the cannon isn't firing blanks.Good Luck with your future endevors.
brokep@gully666uk Thanks. I'll need it. People hate me now for wanting to pause the 6 year free work we've been doing. Feels unfair.
gully666uk@brokep Everybody deserves to be paid for working.It's a fine line between love and hate.It's the way of the web sadly people expect allot
brokep@gully666uk I'm glad people have high expectations. But we're not that many people. And we've been fighting for a long time. We need help.
@brokep I hope you now can get the help you need.Me i am only one person with very little so from that point of view i understand why.
the only thing cool about TBP was that it was popular AFTER Supernova.
the fucking thing died as it was meant to in this case co-opted by some big company who, really doesn't seem to have any idea about what TBP does. all they see are the 'potential' millions of people it could serve up ad space in exchange for p2p services.
fuck TPB. bring on the next tech....
jDownloader anyone?
His name is Brokep over twitter here is what was said,
@brokep I think people are seeing the fact you lost the case and pretty much sold up afterwards as a bad thing.The money is talking here.
brokep@gully666uk so either there is 60M in a fund, or there is no site and no money. What's the preferred deal? We have no energy left.
@brokep You have done well to keep it up, but people mostly have reacted badly.Its pretty similar to napster and we know how that went.
brokep@gully666uk Yes, we're trying to avoid just that. It's just a site, we need to take the icon status away so lots of sites can replace that.
@brokep I applaud your stance , whether it succeeds only time will tell.You created the icon by taking on the riaa sadly they are winning.
brokep@gully666uk They're not winning. A cannon is now being loaded with money.
@brokep Let us both hope the cannon isn't firing blanks.Good Luck with your future endevors.
brokep@gully666uk Thanks. I'll need it. People hate me now for wanting to pause the 6 year free work we've been doing. Feels unfair.
gully666uk@brokep Everybody deserves to be paid for working.It's a fine line between love and hate.It's the way of the web sadly people expect allot
brokep@gully666uk I'm glad people have high expectations. But we're not that many people. And we've been fighting for a long time. We need help.
@brokep I hope you now can get the help you need.Me i am only one person with very little so from that point of view i understand why.
I think he makes some good points myself.
In the end, it just turns out to be a bunch of people scamming others so they get rich.
Not true? Judging from TFA, the amount they get is the amount of the fine they have to pay. (obviously, that's probably not the only numbers of the equation)
Animoog.org
...I don't have to go back to mininova :P
Ave Molech Setting
All they had to do was bribe TPB for a small sum to shut down, but they instead paid lawyers even more (probably).
I for one welcome our new(read: old) overlord: pretty pretty money! Aren't you a big fat wad of pretty money?
GGF obviously just wants TBP for it's user base. They're buying into all the site hits. I wonder how many of us will stop using the site if they do acquire it...
So now can we get off this delusion that the owners of the pirate bay are heroes somehow out to protect our rights in the face of evil corporations?
The production costs for WALL-E: $180 million.
Double that for marketing and distribution.
The number of studios producing CGI feature animation at this level: 1.
The Amazon price for the three-disk Blu-Ray edition of WALL-E with BD Live and digital download copy: $24.99 Wall-E
That is - at least theoretically - 150 GB of content for about one half the cost of one month of broadband cable.
Pixar's return from the geek who links to Pirate Bay: $0
http://www.gadgetking.com/wp-content/uploads/2009/06/ThePirateBay2.jpg
I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.
June 2009 - to be remembered as the worst month ever: First Ed McMahon dies, then Farrah Fawcett, which lead into Micheal Jackson and BILLY MAYS' death.. Now just before the end of the month we add The Pirate Bay to the list and you all have now witnessed the worst June in history. I for one am not liking this. You shouldn't either.
PPN
Long live the Pirate Bay. :((
How can the ex-owners of the Pirate Bay not know their history? They will become another Napster. A "industry-platform", with ads en-masse, filters for "illegal" content, an about page that allows you to win bullshit bingo in under one minute (= full with words like "leverage", etc), and so on. Nobody will use them anymore. And the next generation will pop up.
Oh well, they got my last vote, but after that sellout, they will not get the next one.
This is the best indicator, that they too will become just another party, that follows the money, and the money alone, just as the green party did.
Interestingly, they just announced that they will join the green party's fraction in the EU "parliament".
Any sufficiently advanced intelligence is indistinguishable from stupidity.
http://en.wikipedia.org/wiki/Sid_Meier's_Pirates! Gameplay Pirates! is a single-player game. The player receives a letter of marque authorizing service as a privateer for Spain, the Dutch Republic, England, or France in the Caribbean. The player's loyalties may change over the course of the game; he may also hold rank with multiple countries and may turn to piracy at any time. Gameplay is open-ended; the player may choose to attack enemy ships or towns, hunt pirates, seek buried treasure, rescue long-lost family members, or even avoid violence altogether and seek to increase his wealth through trade. The game also has no predetermined end, although as time goes on, it becomes more difficult to recruit crew members. Also, as the player character ages, fighting becomes more difficult, and deteriorating health will eventually force the character into retirement. The game ends when the player retires, at which point he is given a position in his future life, from beggar to King's advisor, based on accumulated wealth, land, rank, marital status, and other accomplishments.
1. Set up a file sharing website with a cool name
2. Build a domain and brand worth millions
3. Profit!
4. Move to another domain
5. ???
6. Profit again!
??? is probably "GOTO 1"
http://xkcd.com/292/
So shouldn't they rename the site to Buccaneer's Bay?
The goal should be to make the law reflect the fact that people should be able to share copyrighted works, as long as they aren't making money on it.
Try to find the big events in the history of The Pirate Bay. Next, try to find the big intakes of new members of The (Swedish) Pirate Party.
Next, try and see if they line up somehow :)
I say The Pirate Bay is doing a lot towards changing peoples' attitudes towards copyright. The future will tell whether The Pirate Party can convert that attitude to legislative changes.
I don't think the sale will even go through if this keeps up...
The site seems to be under attack, just tried to search for something, it was overloaded (not all that unusual) but then maybe a hundred 'click ok to leave this web page, click cancel to stay' windows opened in the few seconds it took me to shut down firefox.
YAARRRRR the crew be scuttlin' her. Hate to see her go down like this.
Ship's officers are going to crap themselves if they can't get a handle on this.
http://en.wikipedia.org/wiki/Intellectual_dishonesty
Just use e-mail account generation and store all the pr0n as gmail attachments. duh.