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http://news.smh.com.au/breaking-news-te … -d3xc.html
http://arstechnica.com/tech-policy/news … mistic.arsThe Pirate Bay has been sold—and the new owners plan to make it a legal service that allows "content providers and copyright owners [to] get paid for content that is downloaded via the site."
Global Gaming Factory X AB, a Swedish firm that runs Internet cafes and game centers, plans to buy The Pirate Bay for 60 million kronor, twice the fine that was slapped on The Pirate Bay defendants by a Stockholm court earlier this year.
"The Pirate Bay is a site that is among the top 100 most visited Internet sites in the world," said GGF CEO Hans Pandeya. "However, in order to live on, The Pirate Bay requires a new business model, which satisfies the requirements and needs of all parties, content providers, broadband operators, end users, and the judiciary. Content creators and providers need to control their content and get paid for it. File sharers need faster downloads and better quality."
Not that the file-sharers in questions are necessarily pleased with the move; Peter Sunde Kolmisoppi, one of the site admins, has been battling Twitter criticism all day (what we'll call "Twit crit"), and shows signs of obvious fatigue with the entire Pirate Bay saga. "People hate me now for wanting to pause the six year free work we've been doing. Feels unfair," he wrote.
"We have no energy left," says another message, and a third reads, "We've been fighting for five years. Where's the thanks?"
GGF's acquisition of the site will only be confirmed after the company board decides that "the acquired assets can be used in a legally [sic] and appropriate way." If it does so, GGF will take over thepiratebay.org domain in August.
IFPI, the global music trade group, tells Ars that it is cautiously optimistic about the deal. "We don't know the details and there are many questions to ask about how this will work in practice, but we would be delighted if this resulted in the Pirate Bay turning into a legitimate licensed service," said CEO John Kennedy.
In addition to The Pirate Bay assets, GGF will acquire Swedish company Peerialism, which has developed a "new data distribution technology" that is also backwards-compatible with BitTorrent. The Peerialism code will form the basis for the new version of The Pirate Bay,
While The Pirate Bay name comes mired in legal uncertainty, it's still one of the world's best known domains, and GGF is acquiring it for under $8 million—a bargain if it really does have a workable plan for crafting a P2P version of iTunes out of the site.
http://news.smh.com.au/breaking-news-te … -d3xc.html
Last edited by some_random_panda (2009-06-30 16:03:46)