STOCKHOLM, Jun 30, 2009 (BUSINESS WIRE) -- 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.It is interesting to note here that the press release talks about "content that is downloaded via the site", which is something the previous The Pirate Bay owners have always contended the site doesn't provide (they provide files, namely the torrents, that tell you where to find the content and not the content itself). This could either mean that they're planning to start hosting content (perhaps through The Video Bay, a YouTube-like service they launched earlier this week), or perhaps that whoever wrote the press release doesn't agree with the contention of the old The Pirate Bay crew.
"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.
Regardless, The Pirate Bay itself has the following message on their site:
TPB might change ownerI know that they call for visitors of their site to be positive, though I expect that might be part of the agreement as otherwise they'd devalue the property just after they sold it (which can't be legal). I just can't help thinking of Napster with that, which has a popular music sharing program which ran afoul of legal shenanigans and was forced to go legit, upon which everyone stopped using the once extremely popular service.
Yes, it's true.
News reached the press today in Sweden - The Pirate Bay might get aquired by Global Gaming Factory X AB.
A lot of people are worried. We're not and you shouldn't be either!
TPB is being sold for a great bit underneath it's value if the money would be the interesting part. It's not. The interesting thing is that the right people with the right attitude and possibilities keep running the site.
As all of you know, there's not been much news on the site for the past two-three years. It's the same site essentially. On the internets, stuff dies if it doesn't evolve. We don't want that to happen.
We've been working on this project for many years. It's time to invite more people into the project, in a way that is secure and safe for everybody. We need that, or the site will die. And letting TPB die is the last thing that is allowed to happen!
If the new owners will screw around with the site, nobody will keep using it. That's the biggest insurance one can have that the site will be run in the way that we all want to. And - you can now not only share files but shares with people. Everybody can indeed be the owner of The Pirate Bay now. That's awesome and will take the heat of us.
The old crew is still around in different ways. We will also not stop being active in the politics of the internets - quite the opposite. Now we're fueling up for going into the next gear. TPB will have economical muscles to let people evolve it. It will team up with great technicians to evolve the protocols. And we, the people interested in more than just technology, will have the time to focus on that. It's win-win-win.
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!
Interesting development at least, I wonder where this goes and what'll happen next. If anything, The Pirate Bay does seem to make for interesting stories.
Thanks to Kotaku, VG247 and Voodoo Extreme for originally reporting the news.