The file sharing site The Pirate Bay are operating with revenues far exceeding previous estimates. The most expensive ads cost €20,000 for a single day.
And that’s only for the Scandinavian market.
With ad revenues from the entire planet the bottom line is even more attractive. The money is channeled through a company in Switzerland sharing an address with another company specialising in tax planning.
The controversial file sharing site The Pirate Bay is far from the innocent hobby project cofounders Fredrik Neij and Gottfrid Svartholm want people to think.
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daaaaamn that’s a lot of money
I wonder if this changes anything as they are really making money off of the content they spread (which of the RIAA MPAA deem illegal) instead of being a making only enough money to pay server costs for the site.
Fine with me. If they are making cash hand over fist then good for them.
“Fine with me. If they are making cash hand over fist then good for them.”
Thats not what P2P is about. While its was easy to admire these folks for being the “Robbin Hood” of filesharing if this story is true it would seem their only motive was money and not that copyright laws are outdated. These devolpments are going to do more harm to the P2P community in a time when it is surely not needed. The Mafia will come down on them hand over fist if they are truely making this much money.
Exactly MELS. If they are making big money off of other peopls stuff how can the rest of us argue that the RIAA and MPAA suffer from an outdated business model and Bt is simply a means of showing them the light? It is a huge whammy for them to use againts file-sharers because now they have a perfect poster boy to point at and say that file-sharers ARE pirates that they are literally making loot off of stolen goods.
Its one thing to get enough cash to pay the bills but when u are making millions above and beyond operating costs its another. It puts a huge target on us all because they can use Pirate Bay’s actions as a means of smearing us all saying that file-sharers in general are profiteers making money off of copyrighted material.
Thres a HUGE DIFFERENCE between casual sharing and a BUSINESS of sharing.
Personally I agreed with bobhss. They are making their money from advertisers not from you or me! Running a business successfully only show that a good business model with good marketing. You can still do it on the INTERNET.
Yeah but advertisers that making money off of US and more importantly its business model comprised of a product that essentailly belongs to somebody else. More importantly it truly gives the MPAA and the RIAA the perfect excuse and leverage to say that file-sharers truly are PIRATES making money using other peoples stuff.
With word of big profits being made off of other peopls copyrighted material you can bet it wont be long before the Govt steps in with a new and emboldened effort never seen before to attack that profit margin and who knows who else in the process. The days of innocent transfers of flics or albums are now perhaps dead. Like it or not the guys over at Pirate Bay are now full fledged bootleg millionaires.
Maybe the riaa and the mpaa should adopt their buisness model
At PB they are very good with Internet technology as they are not selling products (files) but to provide a service like search engines but for specific area. They Don’t Host Files on their servers! They may use the word “pirate” for the name of their web site but you don’t actually download any “file” from them. So calling them as bootleggers is wrong! They sell ads. Just like Google search engine! It’s a business.
If entertainment companies really wants to run their business on the Internet. Guess what? They could! Why won’t they just do it? They will have actually lower their profit margins. They don’t like it Wall Street don’t like it politicians that are in their pockets don’t like it! However all of them knows that they need to adapt as the future will be coming whether you like it or not!
i have to ask…. who the hell would advertise on a warez site?
why waste your money advertising to people going out of their way to avoid paying for stuff.
i have to assume most of these ads are multi-level ads where the ad buyer makes money per impression or per click from some other ad company who in turn sells advertising to companies.
also i would venture to guess that pirate bay didn’t start out raking in cash but rather over time the ad revenue outgrew the operating costs by orders of magnitude.