Pirate Bay acquired by Global Gaming Factory, going legit like Napster

[Monseratto]

******* trackers becoming too hot for owners...

It's true, The Pirate Bay has agreed to being purchased by Global Gaming Factory (owner of a network of Internet cafes and gaming centers) for 60 million Swedish Krona or roughly $7.8 million. According to a press release, "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.

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.

We'll have to wait and see how this pans out but it certainly smacks of a Napster v2 like situation at first blush. Assuming of course the deal closes by August as anticipated.

http://www.engadget.com/2009/06/30/p...-legit-like-n/

[flakez]

pano kaya nila pagkakakitaan ung TPB? eh halos lahat ng gumagamit niyan eh gusto ng libre. and kung gagawing legit site yan wala ng gagamit nyan, habol lang ng tao sa TPB is ung mga illegal *******s eh. hahahaha

[ghosthunter]

They might pay for access for certain materials.

Napster model maybe. Works for some, not for most ******* users though.

let us see what develops.

[CVT]

Something will come out somewhere.....

Pero, parang mura ang pagkakabili.....

8303:dishwash:

[roninblade]

maybe the new owners are trying to see if they can turn TPB into what napster could have been had it turned into a legal subscribers site.

[Monseratto]

Would-be buyer of Pirate Bay backpedals in court

AMSTERDAM — The would-be buyer of file-sharing Web site The Pirate Bay has backpedaled in a Dutch court Tuesday, saying that it is uncertain whether the purchase will ever be completed.

Lawyer Ricardo Dijkstra says Sweden's Global Gaming Factory X will only buy Pirate Bay if it can turn it into a "legitimate business."

GGF said last month it planned to buy the Pirate Bay domain name and related Web sites for 60 million kronor ($7.8 million), with the deal closing in August.

Dijkstra said Tuesday that it's now conditioned on whether "those assets can be used in a legal manner."

The Dutch court is hearing a civil case brought against The Pirate Bay by a pro-copyright organization.- AP

http://www.gmanews.tv/story/167922/W...edals-in-court

[Monseratto]

AP story denied, Pirate Bay acquisition will push through...

Global Gaming Chief Denies Pirate Bay Rumors

The chief executive of Global Gaming Factory downplayed reports Tuesday that the Swedish software company was wavering on its commitment to buy the Internet file-sharing service the Pirate Bay for $7.8 million.

“Nobody is uncertain about anything,” Hans Pandeya, chief of Global Gaming, told CNet News.
“We are more certain than ever before.There are no changes in our plan,” Mr. Pandeya told CNet Tuesday evening. “We’ll bring the deal to investors at a shareholders meeting, which we expect to hold in four weeks.”

Mr. Pandeya said media reports were “twisting” comments made by one of Global Gaming’s lawyers during a Dutch court hearing on Tuesday. The lawyer, Ricardo Dijkstra, reportedly said that the Swedish company would only acquire the Pirate Bay if it could turn it into a “legitimate business.”

As for, “ditching plans to buy the company because of some question about whether it can be turned into a legitimate business, well, there isn’t any question,” the story has former MashBoxx CEO Wayne Rosso saying.

Global Gaming announced the deal to buy the Pirate Bay last month, saying at the time it expected to complete the transaction in August.

Rosso now works for GGF and CNet quotes him as saying once the deal is complete, “The Pirate Bay will no longer be a Bit******* tracker, enabling users to find unauthorized movies and music”.

It will instead, “morph into a legal service that offers content in exchange for users’ computer bandwidth and hard drive space”.