New owner presents details on legal Pirate Bay

Global Gaming Factory X will let copyright owners remove content next week if the deal goes through

The prospective buyer of the file-sharing site The Pirate Bay is planning to implement a system that lets copyright owners remove content from the site in a quest to make it legal, Global Gaming Factory X said on Wednesday.

Global Gaming Factory X (GGF) announced plans to acquire The Pirate Bay for 60 million Swedish kronor (US$8.25 million) in June. GGF shareholders will decide at an Aug. 27 meeting whether the deal should go through or not.

GGF detailed some of its plans in documents prepared for the shareholders' meeting. It hopes to turn The Pirate Bay into a legal service by signing license deals with copyright owners.

Until the necessary deals are signed, the company will use a system, which will be in place on Aug. 27, that can identify copyright-protected content. Copyright owners can then either leave the content on the site and receive compensation or instruct to have it removed. But they will have to get in contact with GGF otherwise the content will still be available for download, according to CEO Hans Pandeya. GGF will not remove content on its own, he said.

There is no risk that all content will be removed on Aug. 27, according to GGF. Talks with the entertainment industry have led GGF to believe that a majority of the content will remain available. The company is convinced it will be able to sign deals with a majority of the world's major record labels within three months of the acquisition of The Pirate Bay being approved, and the movie industry will be onboard within a year, it says.

Users will be charged a monthly fee to access content on the new Pirate Bay or earn "frequent file sharing points" by sharing storing capacity on their computers and paying for content that way, according to Pandeya. He wasn't ready to say what the monthly fee will be.

No personal data about users will be shared, GGF said.

Join the CSO newsletter!

Error: Please check your email address.

Tags pirate baysecuritysoftware piracyprivacy

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by Mikael Ricknäs

Latest Videos

  • 150x50

    CSO Webinar: Will your data protection strategy be enough when disaster strikes?

    Speakers: - Paul O’Connor, Engagement leader - Performance Audit Group, Victorian Auditor-General’s Office (VAGO) - Nigel Phair, Managing Director, Centre for Internet Safety - Joshua Stenhouse, Technical Evangelist, Zerto - Anthony Caruana, CSO MC & Moderator

    Play Video

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

More videos

Blog Posts

Market Place