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Music Industry Wants a Cut of Pirate Bay Sale

suraj.sun writes "The music industry will attempt to seize money paid to acquire the Pirate Bay. A couple of weeks back the Global Gaming Factory, a Swedish software company, announced that it would acquire the Pirate Bay for $7.8 million. Since then the company has been touting a new business model and even hiring executives, such as Wayne Rosso, the former Grokster president, to legally obtain content from film and music industries. What remains to be seen is how that sale might be affected by attempts by the music industry to collect the $3.6 million damages that a Swedish court awarded it in April. Alex Jacob, a spokesman for the IFPI, said that the group has always intended to collect the damages award, but now, should the sale go through, music execs know that the original Pirate Bay operators have access to the money." According to CNet, the four original Pirates claim they no longer own the company and that no money from the sale will go to them.

2 of 214 comments (clear)

  1. Re:Easy Money by mcgrew · · Score: 0, Flamebait

    Why haven't you? There are thousands of very good artists who would love for you to hear their music. Go to archive.org and you'll find tons of quality music absolutely free for download in MP3, ogg, shn, and flac format. Try getting lossless music from iTunes!

    About five years ago, Michael Crawford posted a piece on K5 with links to thousands of sites who had free, legal music for download.

    I bet the RIAA hates archive.org and the other sites, since there's no way for them to legally harrass them. So far, anyway.

  2. Re:I don't get it by mcgrew · · Score: 0, Flamebait

    Read all the comments you didn't bother reading before posting and you'll get it.

    I'm marking "no karma bonus" even though it hasn't seemed to work lately.