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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.
The music industry wants a cut of your liver as well.
No folly is more costly than the folly of intolerant idealism. - Winston Churchill
It's a good thing I pirated a copy of the Pirate Bay, otherwise my money would end up going to the music industry!
iTunes
No folly is more costly than the folly of intolerant idealism. - Winston Churchill
Hey now, Napster converted to a pay model and it worked great for them!
$3.6 million? If each song is worth like $150k, what is that, like 25 songs? Just send the RIAA a coupon for a free download of Thriller and The Wall.
Even Disney World has pirates
Welcome to the Panopticon. Used to be a prison, now it's your home.
the bay ?
Replace step 1 with "???" and you have the internet business model that has prevailed since the mid-nineties!
"Please understand, you're not stealing from a corporation. There is only the five of us. We make a living doing this, and only this. When you steal my music, YOU ARE STEALING FOOD FROM MY DAUGHTER'S PLATE."
-David "Lars Ulrich" Phipps, Metallica drummer (emphasis was his)
Of course, this was apparently when Napster was downloading food as well as songs. That technology did not, successfully, carry over into torrents.
I am the richest astronaut ever to win the superbowl.
Because my mother didn't win anything. My grandmother won the lawsuit.
or swap RIAA for say your grandmother.
Great! So I can put the RIAA in an old folks home and get power of attorney over them?
-1 Inappropriately Literal Interpretation
but I bet the poster is a joy at parties~
The Kruger Dunning explains most post on
You could spin that in a different way... Obama is "dismantling" the RIAA by taking key players into public service.
The spin doctor clever enough to rephrase "We're stopping an evil organization by making all their worst guys high-ranking members of OUR organization." so it sounds like a good idea deserves a medal. With a live grenade attached to it.
Another Summer Shakespeare in the Park ruined. Thanks you jerks. ;)
[UID-HeinzIntel]
People *say* they want to compensate the artists. But what percentage of them send the $ direct to the artist by paypal when they torrent an album? What percentage even tried to find a way to pay the artist?
0.001%? or less?
I do not know a single person making copyrighted works who has ever, at any point in their career ever been sent a single cent by a pirate who wanted to 'cut out the middle man'.
Its just words.
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