Business Matters is a daily column that offers insight, analysis and opinion on the day's news.

-- Global Gaming Factory, the Swedish company that planned to buy The Pirate Bay and transform it into a legitimate company with a bold business model, has announced in a press release that it has not been able to secure investors to back its $8 million purchase of the illegal torrent tracking site. GGF admitted missteps, such as not being prepared for the media attention, and blamed "recent turbulence" for sinking investor interest. Stockholm's AktieTorget stock market is referring GGF to its disciplinary committee and is showing the sort of skepticism all onlookers should have at this point.
(Press release with Google translation, via MediaMemo)

-- The back-and-forth conversation about copyright between William Patry and Ben Sheffner continues. Wrote Patry on Wednesday: "I do think copyright was far more effective in the past, because of the existence of formalities like renewal and a much shorter term. We are now in an age where we have thrown overboard even the pretense of crafting laws so that they provide, empirically, a necessary incentive, and here the use of copyright as property is used to justify throwing overboard any such need: as property, copyright needs no justification, no means testing: property is its own jusitification." (Morals Panics and the Copyright Wars blog)

-- The city of San Diego is hoping to repeat its successes in hosting non-baseball events at Petco Park. Madonna raked in $527,000 for the city in 2008, for example, and the Rolling Stones got the city $591,000 in 2005. "We're really trying to foster a relationship with Live Nation," said the ballpark's administrator. (Union-Tribune)

-- According to Spotify, it would like to obtain a license that would allow it to be used for commercial purposes in places like bars. The IFPI has shown an interest in such a license, according to Spotify communications manager Jim Butcher. A commercial version of Spotify - or any streaming service - is a sensible way to sell a premium version. There's little to stop bars from using the existing version of Spotify, however, and an iPod plugged into a stereo suffices for many establishments. Even so, a commercial version with value-added features could be a promising product extension. (Morning Advertiser)

-- PRS for Music got some love from The Guardian in a Thursday post at the Behind the Music blog. Sources have told writer Helienne Lindvall that PRS will soon have new deals with both YouTube and MySpace. Other sources told her Virgin Media, currently creating a music service for its ISP customers, does not believe the service will be viable at the current 0.085p rate. In other words, pressure for lower rates come from all around. Lindvall concludes: "Songwriters and composers need someone protecting their rights, now more than ever. The PRS does not have shareholders that need to see returns on their stock, unlike Google/YouTube and many commercial music businesses. Their primary goal is to act in their members' (the songwriters) best interest. The way they've operated is now changing as they adjust to the domination of the internet." (The Guardian)

-- Jeremy Fabinyi, the acting chief executive of PRS for Music, has a letter to the editor at European Voice that explains why it may be some time before EU-wide licenses exist. "The majority of online service providers are opting for single-territory licences, rather than cross-border ones. This reflects the reality that their sites are tailored for local consumers and are often funded by local advertising, but it is also because the licensing process needs to be streamlined and made more cost-effective. Licensing also needs to be flexible, since digital services provide different products (audio-visual or music) in different ways (streaming or downloads) and receive funding from varied sources." (European Voice)

-- A report says Ticketmaster is blocking access to dozens of ticket brokers for periods of time over the last few weeks. The tactics have affected "dozens of brokers" who claim they are not using automated "bot software," according to Ticket News. (Ticket News)

-- Tod Machover, composer and professor of music and media at M.I.T., answers the question, "Is Rock Band dumbing down music?" in a July speech at The Aspen Institute. Short version: Because there is so much pressure to make each release so successful, no thought it put into such larger questions or making the experience more expressive, personal or connected. On the upcoming Beatles game Machover says, "I'm just scared. I love that music so much. I can't imagine it being anything but grotesque." Tens of millions of music fans are sure to disagree. Machover was an instructor of Alex Rigopulos and Eran Egozy, founders of Harmonix, the creator of the "Rock Band" franchise. (Fora.tv)

-- There was a typo in a recent earnings recap post that gave an inaccurate impression of the percentage of Warner Music Group artists currently under a multi-rights contract. Instead of saying "over half of its artist roster is not signed to multi-rights deals," it should have said "over half of its artist roster is now signed to multi-rights deals."

Follow Billboard senior analyst Glenn Peoples on Twitter at twitter.com/billboardglenn.