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IFPI pressures Global Gaming Factor on Pirate Bay money

10 August 2009 19:40 by James "Dela" Delahunty | 2 comments

Global Gaming Factor's CEO Hans Pandeya recently received a letter from IFPI general council Jo Oliver informing him that the trade group will be lobbying the Swedish authorities to block any money transaction between the company the Pirate Bay, and that they would push for Global Gaming to be forced to turn over information about the acquisition.

It had been speculated that the IFPI was intending to intercept the money instead of it being paid to Peter Sunde, Fredrik Neij, Gottfrid Svartholm Warg and Carl Lundstrom. A court found them guilty of copyright offenses back in April and sentenced them to one year in prison along with a $3.6 million fine.

Fredrik Neij however maintains that they have not owned the Pirate Bay since 2006, but the record labels allege that Neij himself is in control of Reservella, the company that is the listed owner of the site. The letter sent to Pandeya also gives the IFPI's position on the Pirate Bay's possible practices after it is sold.

"We need to warn you that if GGF takes responsibility for The Pirate Bay service in its current form, or if GGF operates The Pirate Bay in any way in violation of applicable copyright law, we will be forced to take legal action," the letter reads. Pandeya is of the opinion that the Pirate Bay can eventually be turned into a legal service.

Permalink to this article

Italian police raid pirate disc factory (26 November 2009)

Pirate Bay acquirer finds new stock exchange (17 September 2009)

Porn producers sue South Korean pirates (17 August 2009)

Pirate Party registered in UK (12 August 2009)

EliteTorrents admin no longer monitored by government (6 August 2009)

Pirate Bay founder Peter Sunde resigns (3 August 2009)

Pirate Bay sued by FPM, FIMI (2 August 2009)

The Pirate Bay must block traffic to the Netherlands (31 July 2009)

Pirate Bay acquisition is likely dead (29 July 2009)

The Pirate Bay will become a pay site (17 July 2009)

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nonoitall (Member) 11 August 2009 4:22
It's kind of funny - ever since TPB lost their court case, the entertainment industry has been all atwitter trying to figure out the best way to deliver the coup de gr�ce to the site. And as they bumble around trying to do this, a dozen copies of TPB have all cropped up and TPB has aimed all of its new torrent files at these clones. It just goes to demonstrate the entertainment industry's unparalleled ability to waste colossal amounts of time and money achieving absolutely nothing. And at the same time, they fight tooth-and-nail to avoid doing the simple (not to mention inexpensive) things that could save them, like eliminating DRM and letting their customers keep (and, gasp! share) the music that they buy. Truly an industry blinded by greed. [ + quote]
emugamer (Member) 11 August 2009 11:56
If the IFPI knows how to do one thing well, it's beating a dead horse. [ + quote]