Global Gaming Factory buys Pirate Bay
1 post
• Page 1 of 1
Global Gaming Factory buys Pirate Bay
Global Gaming Factory buys Pirate Bay
Tue Jun 30, 2009
STOCKHOLM (Reuters) - Swedish software company Global Gaming Factory X AB said on Tuesday it had agreed to buy free file-sharing website The Pirate Bay, and that it would find ways to compensate copyright owners for downloaded material. The four Swedish men behind the website were sentenced in April to one year in jail and ordered to pay damages of 3.6 million dollars for running the site, which is one of the world's largest for downloading files on the Internet.
The buyer said the website, for which it would pay 60 million Swedish crowns ($7.7 million), was viable based on plans for a new business model that would satisfy both content providers and copyright owners.
"We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site," said Global Gaming Chief Executive Hans Pandeya in a statement.
Source: Reuters
1 post
• Page 1 of 1
Who is online
Users browsing this forum: No registered users and 0 guests