wraggster
August 19th, 2009, 18:00
Death Metal sends along this excerpt from Torrentfreak about how Global Gaming Factory, the company who is buying The Pirate Bay, plans to change the site in order to avoid the wrath of the entertainment industry:
"In a letter addressed to [shareholders], the company confirms that the new Pirate Bay will become a pay site, while revealing some additional details on how GGF plans to legalize it. To please the entertainment industry, GGF will install a system that will allow the copyright holders to either authorize the 'illegal' torrent or have it removed from the site. If the copyright holder chooses the first option, they will be compensated every time the file is downloaded. In addition, the board says that it will pay penalties if it has to. 'The holder will be able to leave the file and obtain compensation or ask for removal of the file. GGF will also pay any penalties that may arise,' the GGF board announced."
http://yro.slashdot.org/story/09/08/19/1618224/How-the-Pirate-Bay-Will-Be-Legalized
"In a letter addressed to [shareholders], the company confirms that the new Pirate Bay will become a pay site, while revealing some additional details on how GGF plans to legalize it. To please the entertainment industry, GGF will install a system that will allow the copyright holders to either authorize the 'illegal' torrent or have it removed from the site. If the copyright holder chooses the first option, they will be compensated every time the file is downloaded. In addition, the board says that it will pay penalties if it has to. 'The holder will be able to leave the file and obtain compensation or ask for removal of the file. GGF will also pay any penalties that may arise,' the GGF board announced."
http://yro.slashdot.org/story/09/08/19/1618224/How-the-Pirate-Bay-Will-Be-Legalized