London, U.K. (AHN) -- The new owners of the file-sharing Website The Pirate Bay plans to pay users for sharing downloaded files and other contents to peers.

"We are going to set up a system where the file-sharer actually makes money," said Hans Pandeya, chief executive of Global Gaming Factory (GGF), according to BBC. GGF recently bought The Pirate Bay for $7.7 million and will turn the site into a legal file-sharing Website.

Pandeya said paying The Pirate Bay users also unburdens Internet service providers from bandwidth cost by letting file-sharers help in distributing content rather than being swamped by a million downloaders.

"We've been working with Lisps for over a year and we can cut their costs - when the system becomes overloaded - by 90%. All Lisps have this problem and it is one we can fix," Pandeya told BBC. "We're talking about next-gen file sharing so you can create revenue from storage and Internet traffic optimization."

Under the business mode, users still have to pay for legally downloading files and content providers will still be paid royalties.

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