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images/news/bittorrent.jpgIn what you can certainly call a surprise move, The Pirate Bay has been sold. Global Gaming Factory has announced that is has purchased the torrent search engine for 60 million Swedish Krona (7.8 million USD). They plan to build a business model around The Pirate Bay where content providers and copyright owners get compensation.
As we all know, The Pirate Bay is a torrent search engine where users can find torrents of all sorts of content. Even thought the website itself doesn't host any copyrighted content, they did lose a landmark copyright infringement trial in Sweden earlier this year, with the judge imposing a massive fine and 1 year in jailtime.
You're probably not the only one who has never heard of Global Gaming Factory before. According to the press release they have "the largest network of Internet cafes and game centers and provides software". Together with TPB, they also purchased Peerialism, and they plan to make TPB work in such a way that users get faster and higher-quality downloads, while at the same time compensating content providers and copyright owners.
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As we all know, The Pirate Bay is a torrent search engine where users can find torrents of all sorts of content. Even thought the website itself doesn't host any copyrighted content, they did lose a landmark copyright infringement trial in Sweden earlier this year, with the judge imposing a massive fine and 1 year in jailtime.
You're probably not the only one who has never heard of Global Gaming Factory before. According to the press release they have "the largest network of Internet cafes and game centers and provides software". Together with TPB, they also purchased Peerialism, and they plan to make TPB work in such a way that users get faster and higher-quality downloads, while at the same time compensating content providers and copyright owners.
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