So this confuses me. They were a pirate site, and everyone knew they were pirate site, and then an investment company drops millions of dollars into them so they can go legit.

Doesn't that just expose the investment to lawsuits from all the companies whose content they were pirating? I mean, a studio may send a cease and desist letter but never pursue serious court action because there's no assets to take from a website that's run by a couple of college students. But once they get an influx if cash, now there's something worth suing over. Even if they stopped posting pirated content, shouldn't their previous acts still be subject to litigation?

Clearly that didn't happen, but I'm just wondering why.

So this confuses me. They were a pirate site, and everyone knew they were pirate site, and then an investment company drops millions of dollars into them so they can go legit.

Doesn't that just expose the investment to lawsuits from all the companies whose content they were pirating? I mean, a studio may send a cease and desist letter but never pursue serious court action because there's no assets to take from a website is run by a couple of college students. But once they get an influx if cash, now there's something worth suing over. Even if they stopped posting pirated content, shouldn't their previous acts still be subject to litigation?

Clearly that didn't happen, but I'm just wondering why.