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The Pirates sell out

It's only Tuesday, but it's already been a busy week for The Pirate Bay rogues. They set up The Video Bay yesterday and today they've announced the sales The Pirate Bay, which will be transformed into a legal music site. The whiff of sell-out is wafting in our direction.

The site was flogged to Swedish software company Global Gaming Factory X AB for 60million SEK, or about £4.7million.

'In order to live on, The Pirate Bay requires a new business model, which satisfies the requirements and needs of all parties, content providers, broadband operators, end users, and the judiciary,' said Hans Pandeya, CEO of Global Gaming Factory X AB, sounding like that lawyer woman from The Simpsons. 'Content creators and providers need to control their content and get paid for it. File-sharers need faster downloads and better quality.'

However, the site's creators were keen to assure their fans that the site would still be run in the same way as before, despite the move to a more legally acceptable modus operandi.

'A lot of people are worried,' they said. 'We're not and you shouldn't be either! The right people with the right attitude and possibilities keep running the site. It's time to invite more people into the project, in a way that is secure and safe for everybody. We need that, or the site will die.

'The old crew is still around in different ways. We will also not stop being active in the politics of the internet – quite the opposite.'

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