Swedish gaming company hopeful for the future of file sharing site
The file-sharing website The Pirate Bay has been bought for 60m kronor (£4.7 million) by a Swedish software firm.
It has been revealed that the Global Gaming Factory has purchased the infamous file-sharing portal from the site's original founders. The new owners have said they intend to change the way the file sharing site operates.
Hans Pandeya, chief executive of the Global Gaming Factory, said that the site would now offer a legal file sharing service.
“We’re a listed company so everything we do has to be legal; content providers need to be paid and have their wishes and demands met,” he said.
Pandeya added:
“We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site. Content creators and providers need to control their content and get paid for it.”
Pirate Bay founders accept buyout deal
At present, The Pirate Bay lists a series of links to copyrighted material, such as films and music tracks. In July,
The Pirate Bay founders were found guilty of promoting copyright infringement. They were fined 30m kronor and each sentenced to one year in jail.
Peter Sunde, one the website’s founders said the deal was in the site’s best interests:
“We feel that we can't take The Pirate Bay any further. We're in a bit of a frozen situation where there's not much happening and there are neither people nor money to develop things."
