In what is quite possibly one of the most unexpected twists one could imagine in the music industry, file-sharing haven The Pirate Bay has been acquired - legitimately! - by a Swedish software company, Global Gaming Factory. GGF offered the equivalent of nearly $8 million for the website and have stated that they plan to turn it into a legal enterprise.
Though the move comes as a shock to TPB’s community (and much of the Internet), the transaction involved no coercion. It turns out that the folks at TPB do believe, more or less, that GGF’s goals are in line with their own.
The obvious challenge is how one can take a website devoted to flagrantly violating copyright law and somehow make it legal, without turning away the entire community. GGF has stated that they will begin to charge users for content, but they will also (somehow) pay users for sharing said content. Advertising revenue and “offering services to telecom operators” will also play a part.
Do you think the new, GGF-owned Pirate Bay will survive?
(Editor’s Note: Preparing for a wedding and moving into a new apartment are more time-consuming than I expected. Still looking for guest writers to help in times like this - just shoot me an email!)
Swedish Software Firm Buys Filesharing Site Pirate Bay [wsj.com]
Tags: copyright issues, Mergers & Acquisitions, New artist models, The Pirate Bay


