Thepiratebay.org sold for 50 million SEK

[Bjorn Andersen]

Word...

my guess is that its a buyout so they can pay their bill from the law suit

http://www.globalgamingfactory.com/p...-090630-sv.pdf

[The Duck]

Holy fucking shit.

[Bjorn Andersen]

http://www.globalgamingfactory.com/
http://www.globalgamingfactory.com/p...ase-090630.pdf

Acquisitions of The Pirate Bay and new file sharing technology, P2P 2.0
- Pave the way for compensation model

The listed software company, Global Gaming Factory X AB (publ) (GGF) acquires The Pirate Bay website, http://www.thepiratebay.org, one of the 100 most visited websites in the world and the technology company Peerialism, that has developed next generation file-sharing technology. Following the completion of the acquisitions, GGF intends to launch new business models that allow compensation to the content providers and copyright owners. The responsibility for, and operation of the site will be taken over by GGF in connection with closing of the transaction, which is scheduled for August 2009.

"We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site" said Hans Pandeya, CEO GGF.

"The Pirate Bay is a site that is among the top 100 most visited Internet sites in the world. 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" continues Hans Pandeya.

[mOrrI]

Does this mean bye bye piracy?

[Zorgman]

Nice way to fuck their members over. Seem money means more then "their rights".

I hope it drops off the net.

[bufferover]

Does this mean bye bye piracy?

All depends of the person who will buy it

[papill0n]

sounds like the are going to take it to some sort of paid model which surely means the end of all their traffic but maybe the beginning of some legitimate revenue

[kane]

Wow this is big news for sure!
I'm very curious what their new model will be.

[seeandsee]

everything must follow rules

[Davy]

I guess they need some extra money to not get fuck in the bunghole in prison.
Funny to see how quickly the "pirate attitude" changed.
The little money they get for the site will probably only cover their lawsuits...

[James124]

I have to drink double coffee this morning - everything is upside down...

[Klen]

I think they wasted their 7 million dollars.

[Manowar]

thats a lot of cash

[Drake]

That's a surprise. I wonder what's to come.

[Broda]

I guess they need some extra money to not get fuck in the bunghole in prison.

You're obviously not familiar with how the prison system works in Scandinavia.
Most criminals consider going to jail as going on an all-inclusive holiday.
And where the pirateguys would be going would hardly be supermax by any extent of the word so they'd be in a 5star luxury resort, compared to a US prison.

[fris]

gonna be a lot of angry surfers

[Machete_]

The value of my domain torrentprofit.com just went up 5000000 times

[fris]

http://pastebay.com/25603

funny shit

[notime]

and the company that bought it is noted on the stock exchange
just saw their stocks go up from 0.09 to 0.50....

[Raf1]

interesting stuff

[Barefootsies]

Nice way to fuck their members over. Seem money means more then "their rights".

I hope it drops off the net.

Um,.. this is a business. We do sites online to make money. Not to make friends.

In their case, friends or 'members' do not pay their legal bills.

[mikeyddddd]

gonna be a lot of angry surfers

some other clowns
will fill the freeloader void

[ultimatebbwdotcom]

"We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site" said Hans Pandeya, CEO GGF.

Unless I'm reading that wrongly, the existing model could continue as normal but, not to worry because, for every 10000 torrent downloads, they'll compensate the copyright holder with 50 cents.....

there, everyones happy now

[SmokeyTheBear]

Um,.. this is a business. We do sites online to make money. Not to make friends.

In their case, friends or 'members' do not pay their legal bills.

actually im pretty sure their defense fund was paid for by donations from friends/members

[CaptainHowdy]

I'll be dammed...

[bloggerz]

no more free stuff for you guys

[Robbie]

actually im pretty sure their defense fund was paid for by donations from friends/members

No, more like the advertising money that they have been making for the last few years.

[Robbie]

Oh...and GideonGallery... I told you so. lol

[NinjaSteve]

50 mil is a big number, but remember It's not $50 million, it's more like $7.7mil and half is cash the other half stock.

[Evil Chris]

Hmm... well how about that.

[Serge Litehead]

yeah, the model was so profitable that new owners decided to get rid of it.. they need to consult gideon asap

[Barefootsies]

Oh...and GideonGallery... I told you so. lol

[iTouch!]

theirs still thousands of sites just like the ol pirate bay

[DaddyHalbucks]

Sounds like a shotgun wedding.

[Dirty Dane]

That might be good news if they get piracy under control... but unfortunately I think the hardcore pirates will just establish a new site. And take their users with them.

[Robbie]

theirs still thousands of sites just like the ol pirate bay

Not really. There are thousands of sites that will remove your content with a DMCA PirateBay refused to.

[sweetcuties]

... and that was always the main goal

[flashfire]

probably a good thing for all of us...but the end of piracy? no way

[tiger]

Can't say I didn't see that coming.

Imagine how much they could have got in a good economy.

[crockett]

Unless I'm reading that wrongly, the existing model could continue as normal but, not to worry because, for every 10000 torrent downloads, they'll compensate the copyright holder with 50 cents.....

there, everyones happy now

yey so I can now buy Photoshop for 50 cents per 1000 copies?

[Klen]

http://pastebay.com/25603

funny shit

People are stupid,they opened pirate bay to make money,not to serve free programs around.I bet they don't give a damn about that(ex-owners)

[RandomNinja]

Does this mean bye bye piracy?

No, it will just inspire something bigger and better. :D

[bbm]

nice money

[mynameisjim]

I just can't believe that self proclaimed "pirates" would sell out for money. What is this world coming to..lol

And a big fucking LOL to this quote from the old pirate bay crew...

"The profits from the sale will go into a foundation that is going to help with projects about freedom of speech, freedom of information and the openess of the nets. I hope everybody will help out in that and realize that this is the best option for all. Don’t worry - be happy!"

Yeah, I bet.

Looks like the guys behind the Pirate Bay were just as greedy as the people they were supposedly fighting against.

[TheDA]

From yesterday,

http://www.gfy.com/showthread.php?t=...hevideobay.org

http://thevideobay.org/