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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.'"
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.
The "owners" of the TPB haven't made a profit: they've asked for payment to a fund for "internet projects" instead. This will presumably be some interesting new political statement.
They also aren't actually the owners as such: TPB was sold in 2006 to a shell company specifically to avoid any legal problems for the founders.
The buyers will find that they've bought another Napster: i.e. nothing but a recognised name, with a value proposition that fades away like fairy gold once the free content goes away. TPB founders start up another interesting project, with boatloads of cash to fund it, and away we go again. If you ask me this is a pretty smart move: the establishment will effectively be funding a new political project around the freedom to share...
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.
Just like supernova before em. Well that's the end of that..
Well not really. It will be called something else except they probably won't have a cool name.
Personally I don't really approve of piracy because it hurts Open Source alternatives and wouldn't trust anything downloaded from PB to not have trojans on it these days.
That said, I think as a political movement they are something else. Hopefully that money will be used to help the EU Pirate Party in future elections.
"I am the king of the Romans, and am superior to rules of grammar!"
-Sigismund, Holy Roman Emperor (1368-1437)
The only people who still think they are selfless Jedi are those who paid no attention to their trial. When they went to court there was tough talk all over the internet, here for sure, about how they would stand up for file sharing. There were all sorts of IANAL assurances that they did nothing wrong and didn't need to hide any of the details of what their site does. The TPB guys were gonna stick it to the copyright holders just like they did in that correspondence they posted on their site.
But when it came to cases they all claimed they really didn't have anything to do with the site. One guy all he did was keep it up and running by wrenching servers. Another guy was just a spokesman. Nobody stepped up with any RMSesque ramblings about the ethics of copyright. They ran and hid from the truth of it kust like every other internet commando would do if it were his neck on the chopping block.
Ssshhhh! Let them think they won! Maybe they'll go away for a while.
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Right, because I really want Twitter linked to my downloads? When I download I want to be as anonymous as possible, that means no personal information save for my IP (which most people should use a proxy anyways). Having Twitter which might have info on my phone number which then would make it trivial to place a 100% undeniable blame on someone.
Taxation is legalized theft, no more, no less.
Long Live TPB 2.0, whatever they decide to call it. Not to be confused with TPB post buyout which will have a presence and relevance much like that of Napster post buyout, IE, none at all. When will companies learn that just because you bought the name, doesn't mean you've got the people. People don't go to TPB because of the name, they go because it offers something they want, once you stop offering that, then people stop coming, it's so simple even an MBA could figure it out (eventually).
Curiosity was framed, Ignorance killed the cat.
The lesson to be learned here is that you can never win against the government, because they have the unique ability of coming up with cool-sounding names for things they just plain don't want you to do just because.
No, the lesson is that the law actually takes notice of the real world, and that shell games like the GP suggests only work until the laws are updated to reflect the reality...
Shell games and the like, which really do willfully ignore the copyright violation going on, feel unethical and are something I would rather not associate with. Not to mention the fact that narrowly technical claims ('not actually hosting copyrighted files', etc.) are disingenuous and, in effect, simply shift all of the blame, and criminality, to the file-shareres themselves.
If the spirit of the law says that you're not allowed to share copyrighted works, then the letter of the law should and will eventually reflect that.
The thing to do, IMNSHO, is continue working to change the spirit of the law. 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. Otherwise, the buck has got to stop somewhere, and someone - either the trackers, the users, or the network - will eventually have to take the blame for breaking the law.
The English word fart is one of the oldest words in the English vocabulary.
I'd be concerned - if the 7th circuit wasn't a US court. TPB is not in the US, in case you didn't know.
Easy, if someone wants crop/scale/adjust some images, then they want some sort of image manipulation program. Say 3 options they run across are:
Photoshop clearly has more features, but the average person also won't use most of them and would not pay $700 for it. Obviously it would make sense to use GIMP or Paint.NET. Now, when piracy comes into the equation, the comparison becomes:
Paint.NET and GIMP kind of lose their appeal, don't they? Piracy hurts both free and proprietary software.