The rumors have been flying about all week that the mega torrent site was entering the video foray, and these rumors now seem to be true. It has now been confirmed by the TPB guys that they are in fact in the process of building a YouTube competitor. The interesting part is that TPB is claiming the site will have no censorship. At face value this may seem far fetched, but they have been running illegal torrents for sometime with very little legal ramifications. Here's a statement published today on The Pirate Bay Blog:

YES - we're going to do a video streaming site. It's true. It's in the works being done right now and as usual we put a bit of Pirate Bay mentality behind every project we do. And it's exactly that 'Pirate Bay mentality' that, in our opinion, is going to make this site a winner. Think YouTube without without Google constantly pulling down copyrighted videos. Some clever TorrentFreak readers and TPB fans managed to locate the URL of the upcoming YouTube competitor. It is: thevideobay.org. All you can see on the site is a plain page with two lines of text: "only open for beta- and dev-testers.some is live, most is not. we will open for public when done."