Music Industry Seeks Pirate Bay Sale Booty

By Christopher Nickson
July 20, 2009

The music industry has said it will try to get money from the sale of file-sharing site Pirate Bay.

Back in April the music industry was awarded $3.6 million in damages when the four men behind file-sharing site Pirate Bay were found guilty of copyright violations. They each also received a year in jail.

At the end of last month Pirate Bay was sold to Swedish software company Global Gaming Factory, which is currently in negotiations to take it legit. The price was $7.8 million, half in cash, half in company stock.

The music industry, in the form of the International Federation of the Phonographic Industry, sees this as a chance to collect its money, and is going to actively pursue it, according to CNET. There’s just one small flaw in the cunning plan – the people behind Pirate Bay say they ...

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