How The Pirate Bay Will Be Legalized
Found on TorrentFreak on Tuesday, 18 August 2009
To please the entertainment industry GGF will install a system that will allow the copyright holders to either authorize the 'illegal' torrent or have it removed from the site.
One of the pitfalls of this new reactive system is of course that copyright holders might start to remove content en masse instead of authorizing it, so that there is nothing available for the (paying) users to download and share.
"The risk that rights holders will remove all content on The Pirate Bay at the date of acquisition is estimated as inexistent by GGF."
What a cunning plan, my lord. It worked so well for others, like Napster. This business plan relies on quite a few, let's say, very optimistic assumptions. Considering that sharing costs around $80,000 per song, I'm interested in the monthly fee future "pirates" will have to pay. This fee will also affect future lawsuits, because it will be hard to explain why someone needs to cough up $1.92 million for 24 songs when you can get "unlimited sharing" for e.g. $19.99 per month. Anyway, seriously, it seems like GGF set sail for fail.