The Pirate Bay SELLS OUT to Warner Bros. for $13 BILLION!

**iLOVENZB** · 04-01-2009, 11:53 AM

" After years of hostility, lawsuits, police raids and heated
invective between the two groups, the Pirate Bay has today announced
they have settled their differences with US media conglomerate Warner
Bros. The largest BitTorrent tracker has sold out to Hollywood and the
two have agreed a deal.

The deal, worth over $13 billion (10 billion euros) came about after
the recent performance at the Pirate Bay trial gave strong indications
that the judgment would go against Warner Bros. For the Hollywood movie
studio, it seems that acquiring The Pirate Bay was the only option left.

In the press release, both groups gave a positive outlook to the deal.
“The Pirate Bay team has built an exciting and powerful media platform
that complements Warner Bros’s mission to organize the world’s
information and make it universally accessible and useful,” said Jim
Kjeyzer, Chief Executive Officer of Warner Bros.”

Pirate Bay co-founder Gottfrid Svartholm was similarly forward looking
saying “Our community has played a vital role in changing the way that
people consume media, creating a new hip culture. By joining forces
with Warner Bros, we can benefit from its global reach and technology
leadership to deliver a more comprehensive entertainment experience for
our users and to create new opportunities for our partners.”

A press conference will be held later today to discuss the finer
aspects of the acquisition. The conference will be broadcasted live on
the Internet and details for access to the webcast are included in the
press release.

How the Pirate Bay’s users will deal with this deal is the only
wild-card. Will it be another Exeem, or will it blossom into something
powerful and progressive. Only time will tell. "

Source: Warner Bros. Acquires The Pirate Bay