Anti-Piracy Group Believes The Pirate Bay Was SoldAdded: Tuesday, August 24th, 2010
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
John Lovelock, the CEO for Federation Against Software Theft, says that the world’s largest BitTorrent tracker website The Pirate Bay was sold for $7.5 million last year, providing its owners with a money windfall. The only tiny problem is that it actually never happened.
Everyone knows anti-piracy outfits like to make outrageous announcements to make the issue of copyright violation seem worse that in reality. Usually they stick to a suggestion that pirates are profiting at the expense of the creators of the distributed content. That’s what happened to now defunct BitTorrent website OiNK, accused of profiting from users donations, and seems to be now used against The Pirate Bay.
However, now the Federation Against Software Theft went further and tried to convince public that the co-owners of The Pirate Bay have been profiting largely at the expense of rights owners. The only trouble is the data they refer to is false and outdated.
First the outfit complained that despite their conviction for copyright violation, the BitTorrent site co-owners were still freeside and their prison terms have never been served, nor have their penalties ever been paid. Now they go on further and claim the co-founders sold the service a year ago and have received a windfall of cash.
John Lovelock states that The Pirate Bay was sold under new ownership for $7.5 million to GGF (Global Gaming Factory) in June last year, three months after the trial, thus providing the founders with a multi-million cash windfall. The current “owners” hurried up to say that the tracker will go on with file-sharing, though the content will be hosted legitimately now, not stolen from rights holders as before.
Sounds like nonsense, of course. Hans Pandeya, the Chief Executive for GGF, never had enough investors with the desire to invest money in the licensing fees requested by rights owners in order to set up a legal media shop, not even mention the other necessary costs.
The question is how does the CEO of an anti-piracy group believe that his most important target, a tracker allowing millions of consumers copy content without paying, was sold over a year ago and has been attempting to go legal ever since? And if he somehow does, why didn’t he try to get in touch with GGF within the past year to ask about the status of their plans to make site legal?
August 24th, 2010Posted by:
Tuesday, August 24th, 2010
|posted by (2010-08-25 00:01:14)|
|GO F@#$ YOURSELF JOHN LOVELOCK MIND YOUR BUISNESS YOU LIVE LONGER|
|posted by (2010-08-25 00:44:36)|
|more like john lovecock i say haha|
|Got a point.. :)|
|LoveCock, die, shit.|
|posted by (2010-08-25 15:17:39)|
|lol... :) i lov TPB... and ET... :)|
|posted by (2010-08-25 17:42:24)|
|stay away from TPB that's all and you know why|
|Isn't it GREAT to have a FREE world where even the richest of companies have NO SAY at all in others business! Boy that must HURT Mr Lovelock. Long live the TPB!||
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