Yar! It be quite a scurvy world out thar, and not everyone be able ta cut it out in the land of serious business, also be known as The Intarnetz.
The latest crew to become permanent landlubbers be The Pirate Bay, the Stockholm-based piracy site that formerly be a peer-to-peer server which made video games, movies and music available for “sharing” among users, but most recently, be raided by Swedish commodores and the ensuing trial against the BitTorrent site’s founder resulted in a guilty verdict. No more though! The Pirate Bay now be owned by Sweden’s Global Gaming Factory X AB for the quaint sum of 7.8 million dollars. That be a lot of wenches and grog!
In a quote from Hans Pandeya, CEO of the buyers:
“We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site.”
“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. Content creators and providers need to control their content and get paid for it.”
Seems that legal fees be a higher priority than privateering, eh bucko?