Warner Bros. Acquires The Pirate Bay
Posted: Wed Apr 01, 2009 9:15 am
Warner Bros. Acquires The Pirate Bay
by Ben Jones
After years of hostility, lawsuits, police raids and heated invective between the two groups, the Pirate Bay has today announced they have settled their differences with US media conglomerate Warner Bros. The largest BitTorrent tracker has sold out to Hollywood and the two have agreed a deal.
The deal, worth over $13 billion (10 billion euros) came about after the recent performance at the Pirate Bay trial gave strong indications that the judgment would go against Warner Bros. For the Hollywood movie studio, it seems that acquiring The Pirate Bay was the only option left.
In the press release, both groups gave a positive outlook to the deal. “The Pirate Bay team has built an exciting and powerful media platform that complements Warner Bros’s mission to organize the world’s information and make it universally accessible and useful,” said Jim Kjeyzer, Chief Executive Officer of Warner Bros.”
Pirate Bay co-founder Gottfrid Svartholm was similarly forward looking saying “Our community has played a vital role in changing the way that people consume media, creating a new hip culture. By joining forces with Warner Bros, we can benefit from its global reach and technology leadership to deliver a more comprehensive entertainment experience for our users and to create new opportunities for our partners.”
A press conference will be held later today to discuss the finer aspects of the acquisition. The conference will be broadcasted live on the Internet and details for access to the webcast are included in the press release.
How the Pirate Bay’s users will deal with this deal is the only wild-card. Will it be another Exeem, or will it blossom into something powerful and progressive. Only time will tell.
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Have a look
CoFree
by Ben Jones
After years of hostility, lawsuits, police raids and heated invective between the two groups, the Pirate Bay has today announced they have settled their differences with US media conglomerate Warner Bros. The largest BitTorrent tracker has sold out to Hollywood and the two have agreed a deal.
The deal, worth over $13 billion (10 billion euros) came about after the recent performance at the Pirate Bay trial gave strong indications that the judgment would go against Warner Bros. For the Hollywood movie studio, it seems that acquiring The Pirate Bay was the only option left.
In the press release, both groups gave a positive outlook to the deal. “The Pirate Bay team has built an exciting and powerful media platform that complements Warner Bros’s mission to organize the world’s information and make it universally accessible and useful,” said Jim Kjeyzer, Chief Executive Officer of Warner Bros.”
Pirate Bay co-founder Gottfrid Svartholm was similarly forward looking saying “Our community has played a vital role in changing the way that people consume media, creating a new hip culture. By joining forces with Warner Bros, we can benefit from its global reach and technology leadership to deliver a more comprehensive entertainment experience for our users and to create new opportunities for our partners.”
A press conference will be held later today to discuss the finer aspects of the acquisition. The conference will be broadcasted live on the Internet and details for access to the webcast are included in the press release.
How the Pirate Bay’s users will deal with this deal is the only wild-card. Will it be another Exeem, or will it blossom into something powerful and progressive. Only time will tell.
==========================================================
==========================================================
Have a look
CoFree
