“The Pirate Bay” founders ordered to pay $477,000 to Music Labels !


The Pirate Bay(TPB) is always in the news because they share all type of illegal content or premium content for free such as music, movies, audio, videos, application and TV Show. Currently, they are facing many copyright issues filed by music labels and finally, they decided to pay $477,000 to music labels.

According to TorrentFreak, Both the founder of the pirate bay is ordered b the court of Finland to pay the amount of $477,000 to music labels. Both Fredrik Neij and Gottfrid Svartholm were found guilty in their absence.

Founders of The Pirate Bay is going to Pay $477,000 to music companies.

In the lawsuit, filed in November 2011, the IFPI (with an assist from the Copyright Information and Anti-Piracy Center of Finland, or CIAPC) demanded that the site is shared copyright music without their permission and effect on the record labels revenue. But the founder did nothing and deadline is passed away so court declared their decision In which they need to pay a large amount of money to the record labels.

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Popular music labels including Sony Music Entertainment Finland, Universal Music, Warner Music, and EMI Finland claiming that 60 of their artist music has been shared on The Pirate Bay(TPB) illegally without their permission.

"The Pirate Bay" founders ordered to pay $477,000 to music labels
“The Pirate Bay” founders ordered to pay $477,000 to music labels

This is not the new thing for Peter Sunde because a year ago, Sunde feel guilty and had to pay $395,000 to Sony Music, Universal Music, Warner Music and EMI but he roughly pay around $62,000 and he didn’t care about the case and he said “Bullying is the new black,” at that time.

Sundey said to TorrentFreak, “I’m a public person in Finland and they’re calling me a criminal when they KNOW I’m not involved in what they’re suing me for,” “It’s defamation.”

But In the end, we thought that Fredrik Neij, Gottfrid Svartholm, and Peter Sunde al had to pay a huge amount of money to the music labels but as the estimate of their site traffic, they earn more from TPB site. After facing big amount of bills they still not want to shut down the site. the site is always running in any situation so it is clear that they earn a big buck from it right know. They face many legal copyrights in past 8 years and also going to face further and the list of bills is increasing and the revenue too.

Source – TorrentFreak


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