It’s been a busy few weeks for the Pirate Bay. Firstly it was announced that the founders had been heavily fined and sentenced to prison in their court case in Sweden. Then the Pirate Party wins two seats in the EU elections. And yesterday we told you about their Video Bay project.
But today’s news trumps the lot – the Pirate Bay has been sold to Swedish software company Global Gaming Factory X AB for 60million SEK (£4.7million).
Global Gaming Chief Executive Hans Pandeya stated that they would “like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site”. So copyright owners will be compensated? That’s not really the ethos of the Pirate Bay is it?
The Pirate Bay is keen to stress that the site will not change under the new ownership – their blog states that the buyers are the “right people with the right attitude”.
However, the relatively small fee paid – this is one of the 100 most visited websites in the world remember – suggests it may be somewhat of a fire-sale. Given the timing and the revelations of the huge fines they face it isn’t difficult to imagine that this sale is more a case of the founders cutting their losses and getting out whilst they can.
The Pirate Bay is saying otherwise though: “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!”
It’s hard not to worry though isn’t it? It’s going to be fascinating to see how the Pirate Bay evolves under the new owners.
(via Reuters & The Pirate Bay)
Honestly, what a disappointment. Of all the exciting things you could hope to find on the hard drive of a PC bought off eBay, rubbish old bank passwords has to be the last thing you’d want.
The computer in question was bought for £35 off the auction site, and apparently came pre-loaded with user data from the Royal Bank of Scotland and NatWest. Both banks have confirmed that the data is indeed genuine…
Don’t we all, mate. Two minutes with a web-based time machine and we’d all be millionaires.
At least Chris Clark had the foresight to register a domain name. He signed up pizza.com – a domain he’s just sold this week for a staggering $2.6m. His initial plan, when he registered the name in the dark days of 1994…
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Recognised as the second-largest supplier of the gadgets, the announcement “marks a major milestone in Creative history, as our player unit volume exceeds the combined unit sales from some of the biggest names…
Very exciting news, everyone! Whilst you’re busy tripping out on In Rainbows this morning, here’s something that will send you into a spin – the microblogging start-up, Jaiku, got acquired by Google yesterday.
Created by possibly the nicest man in the web 2.0 world, Jyri Engeström, they put the news up on their site yesterday. “Wonderful Jaiku users, Exciting news, Jaiku is joining Google! While it’s too soon to comment on specific plans, we look forward to working with our new friends at Google over the…