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According to gaming company Global Gaming Factory X, it is in the the process of acquiring The Pirate Bay for $7.8m (SEK 60 million).
http://torrentfreak.com/the-pirate-b...-legal-090630/
Blog on TPB: http://thepiratebay.org/blog/164
And here it is the press release of Global Gaming Factory X AB (company that acquired TPB) about the acquisition and their "new " business model: http://www.globalgamingfactory.com/p...ase-090630.pdf
Discuss...
well, I think this will affect ipredator also, do you?
at least it wouldn't make sense anymore to make a service without there battleship.
I tried to make a post about this in the news section but it is awaiting approval. But here I will make a few points to clarify some things.
I think it is a little shady that TPB blog states they might be acquired. Presumably the terms of the acquisition have been set down in a contract. This is what is known as an executory contract, meaning that some conditions must still be met, but the conditions of financing and board approval are standard. So it is a bit disingenuous to act as though TPB might be acquired just because of these conditions.
Similarly, it is disingenuous to claim that the site will stay the same or the users will leave. I believe TPB has supported a bittorrent distribution system driven by a more reasonable compensation model, which is exactly what GGF is proposing.
I think the TPB post reveals that they want to retain their image of Robin Hood while advancing the cause along these more legitimate avenues, which are inevitable when dealing with such a large enterprise (smaller sites and more hardcore pirates will hold out much longer on the fringes of the high seas of course, arghh). But I feel like being completely honest and getting behind a fair and reasonable compensation model is the best move for TPB at this point.
I never used TPB...Smaller lost for me than RandomBytes.
Gone baby gone...
Any1 remember what happened to Napster?
Lol at that. MATEE is so leet that he started at private sites.Quote:
Originally Posted by MATEE100
But yeah, it's weird and sad, but the name attracts people alone, so the name and the ''brand'' are worth thaat much.
On unrelated news, it seems Videobay is up and in beta. Not sure if this is old news, but it's new to me.
Huge loss for torrenting in general. TPB case is so important because of the legal precedent it will set.Quote:
Originally Posted by MATEE100
This is really surprising! Especially after they were about to try a video streaming site!
So I guess this means they're not buying their own island?