30 June 2009 12:38 PM, PDT | Studio Briefing - Film News | See recent Studio Briefing - Film News news »
The Pirate Bay, whose leaders were recently convicted in Sweden of copyright infringement, has been sold to Stockholm-based Global Gaming Factory for the equivalent of $7.8 million. In a statement, Global CEO Hans Pandeya said that the company plans to introduce a new version of the BitTorrent indexer "that allows compensation to the content providers and copyright owners." It did not suggest how much it intended to compensate the copyright holders or even whether it had had discussions with them. The deal also raised suspicions among BitTorrent bloggers that the movie and record industries may have been behind the purchase. Global operates a network of Internet cafes and game centers. »
