The Pirate Bay Saga
Oh my god.
This thing just keeps more and more soap worthy.
So first there is the sale happening at all. Then TPB says that the site will stay the same, but that it will decentralize its operations. Then I read on some news site that the company that bought it (which takes possession of the site in August) will take TPB legit. Yep, no more freebies from TPB. It's going to be the newsold out Napster...which will make it the new iTunes. And the guys are getting hounded on twitter by their loyal fans.
Now, now there is talk of the sale being linked to insider trading
The day the sale took place Peter Sunde discussed the future of TPB.
In addition, BBC did this report on how the GGF (the gamer company that bought out TPB is changing policy to have the file sharers make money.
Torrentfreaks' review of it is a bit more critical.
GFF told us that most of their recent comments to the press were nothing more than “corporate bla bla.”
So let’s take a look at some of the bla bla that surfaced in the past day, to see if it makes any sense at all. Here are some of the key proposals.
1. The new Pirate Bay will put a halt to illegal downloading.
2. The Pirate Bay will compensate rights holders who publish their content on the site
3. The Pirate Bay will pay users for sharing files.
This sounds very impressive but, to put it mildly, it raises a few concerns.
It’s basically the same as saying that iTunes would pay its users to share music. When GGF has to pay both file-sharers and content providers they will undoubtedly have to raise huge sums money from a third party. So what is going to bring in this cash?
Ads of course! GGF is predicting to sell ads like no other website in the world has ever done. They told BusinessWeek that they hope to make as much as $672 million a year from advertisements.</blockquote>
The thing is the sale isn't finalized yet. There is still four more weeks.
So is this another TPB stunt?
In other news the RIAA has launched their vile guns towards UseNet provider.
This thing just keeps more and more soap worthy.
So first there is the sale happening at all. Then TPB says that the site will stay the same, but that it will decentralize its operations. Then I read on some news site that the company that bought it (which takes possession of the site in August) will take TPB legit. Yep, no more freebies from TPB. It's going to be the new
Now, now there is talk of the sale being linked to insider trading
The acquisition for $7.8m (SEK 60 million) came as a huge shock to most people familiar with The Pirate Bay, as GGF promised that when it takes over the site it will eliminate illicit file-sharing - the base upon which The Pirate Bay achieved its worldwide fame and enabled it to gather millions of loyal users.
Indeed, most indications point to GGF being only interested in three things - the Pirate Bay’s domain name, the users and the revenue they can generate from them.
However, according to a report, the news of the acquisition didn’t come as a shock to everyone. Indeed, accusations are being made that some individuals knew what was about to happen and took the opportunity to try and cash in.
The day the sale took place Peter Sunde discussed the future of TPB.
Currently the site is down after suffering a minor DDoS attack, and TPB’s TiAMO told TorrentFreak that the site’s load balancer had crashed .
Peter says running Pirate Bay has resulted in ‘bad pay’, i.e minus SEK 30 million in fines - incidentally an identical amount to the cash payment part of the deal with GGF.
In addition, BBC did this report on how the GGF (the gamer company that bought out TPB is changing policy to have the file sharers make money.
In an exclusive interview with the BBC, GGF's Hans Pandeya said that the only way to beat illegal file-sharing was to make something more attractive.
"We are going to set up a system where the file-sharer actually makes money," he said.
According to Mr Pandeya, GGF's chief executive, the business model for The Pirate Bay would be that it continued to be a file-sharing site. The only difference - at least in terms of content - would be that the files would be hosted legally, rather than stolen from copyright holders.
Torrentfreaks' review of it is a bit more critical.
So let’s take a look at some of the bla bla that surfaced in the past day, to see if it makes any sense at all. Here are some of the key proposals.
1. The new Pirate Bay will put a halt to illegal downloading.
2. The Pirate Bay will compensate rights holders who publish their content on the site
3. The Pirate Bay will pay users for sharing files.
This sounds very impressive but, to put it mildly, it raises a few concerns.
It’s basically the same as saying that iTunes would pay its users to share music. When GGF has to pay both file-sharers and content providers they will undoubtedly have to raise huge sums money from a third party. So what is going to bring in this cash?
Ads of course! GGF is predicting to sell ads like no other website in the world has ever done. They told BusinessWeek that they hope to make as much as $672 million a year from advertisements.</blockquote>
The thing is the sale isn't finalized yet. There is still four more weeks.
So is this another TPB stunt?
In other news the RIAA has launched their vile guns towards UseNet provider.
The Recording Industry Association of America on Wednesday said it has won a copyright-infringement suit against Usenet.com, a site that lets newsgroup users share documents, music, and other files.
The federal court ruling in the Southern District of New York was handed down Tuesday. The RIAA had sued Usenet.com, a longtime online newsgroup provider, in October 2007.
Usenet.com works differently than many file-sharing sites in that it stores content on servers and makes it available on-demand. Other sites use a peer-to-peer architecture in which content is downloaded from people's computers on a network.