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Music Industry Wants a Cut of Pirate Bay Sale

Posted by kdawson on from the blood-from-a-stone dept.

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.

4 of 214 comments (clear)

  1. Re:Jesus Christ by Mordok-DestroyerOfWo · · Score: 0, Redundant

    admonishing them would be like kicking your boss in the nuts then asking for a pay raise.

    Depending on your boss that might actually work. It would be more like kicking your boss in the nuts then asking for a pay raise.

    --
    "Never let your sense of morals prevent you from doing what is right" - Salvor Hardin
  2. Re:They want money by loganrapp · · Score: 1, Redundant

    Agreed. Once the ruling's come down, you abide by it. This certainly looks to me like an attempt to circumvent what they owe the RIAA. And I hate the RIAA, but they do owe them. That's how it's how it works - you lose a dispute, you pay the price. If you think the dispute was lost unfairly, you appeal. And if you want to look at it in more pragmatic terms for the PB people - don't look like you're trying to subvert the system when you're trying to appeal within it. That's just stupid and helping you lose your appeal before you file it.

  3. Re:Similarly... by jedidiah · · Score: 0, Redundant

    Braveheart

    Yet another $5 movie that keeps me away from the Music department...

    --
    A Pirate and a Puritan look the same on a balance sheet.
  4. Re:They want money by jank1887 · · Score: 0, Redundant

    "I could go on"

    No you can't. You Godwin'd. All done.