Pirate Bay Without Piracy? New Buyer Has Legit Plans
Pirate Bay is one of the largest video-sharing sites on the Internet. The site has more than 20 million visitors and more than one billion searches per month. The four Swedish men who launched the infamous Web site are behind bars. In April, the men were ordered to pay $3.6 million in damages to copyright holders for infringing on their intellectual property. The men have appealed the verdict.
Global Gaming Factory said it plans to launch new business models that allow compensation to the content providers and copyright owners when it takes control of the site in August. Global Gaming Factory has the largest network of Internet caf?s and game centers and claims access to the largest group of game players on the Internet.
"The Pirate Bay is a site that is among the top 100 most-visited Internet sites in the world. However, in order to live on, The Pirate Bay requires a new business model, which satisfies the requirements and needs of all parties, content providers, broadband operators, end users, and the judiciary," said Hans Pandeya, CEO of Global Gaming Factory. "Content creators and providers need to control their content and get paid for it. File sharers need faster downloads and better quality."
The File-Sharing Backbone
Global Gaming Factory has also entered into an agreement to acquire the shares of Peerialism AB. Peerialism AB is rooted in the KTH Royal Institute of Technology and SICS, the Swedish Institute of Computer Science. The company is currently owned by its employees. Peerialism develops solutions for data distribution and distributed storage based on new peer-to-peer technology.
"Peerialism has developed a new data-distribution technology...
Permalink Comments off