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June 16, 2016 06:00 pm

Pirate Bay Co-Founder Must Pay Record Labels $395,000

Pirate Bay co-founder Peter Sunde has run into another setback. The Helsinki District Court has ordered him to pay $395,000 to record labels including Sony, Universal, Warner and EMI, after the music of 60 of their artists has been shared illegally through The Pirate Bay. From a TorrentFreak report:Sunde did not appear in Helsinki to defend himself so the Court handed down a default judgment. He is now ordered to pay the full amount plus costs of around $62,000 (55,000 euros) to the local branch of IFPI. He also faces a fine of one million euros if the content continues to be shared via The Pirate Bay but how he is supposed to do anything about that isn't clear. Sunde and Pirate Bay co-founders Fredrik Neij and Gottfrid Svartholm owe large sums of money to copyright holders following adverse decisions in cases dating back years. None of those judgments have been satisfied and there's no reason to believe this one will be any different.

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/l-b-aZT81q0/pirate-bay-co-founder-must-pay-record-labels-395000

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