A few years back they registered a domain name, themusicbay.org, but haven't done anything with it.
That could change soon. In an interview with TorrentFreak, a Pirate Bay insider warned, "The music industry can't even imagine what we're planning to roll out in the coming months. For years they've complained bitterly about piracy, but if they ever had a reason to be scared it is now."
At the time that themusicbay.org was registered, plans were underway to create the most efficient music sharing system ever built. But the crew got sidetracked.
As a surprise present for the IFPI's 78th birthday in April, the crew is taking the necessary actions to ensure that themusicbay.org gets launched.
They may even throw their own festival in Rome to mark the occasion.
Ernesto, the publisher of TorrentFreak, says that this could be a scare tactic. It could be an effort to instill fear into the record industry for the sake of fun.
But if the Pirate Bay crew keeps their promise, it could be an exciting 2011.
April could bring a hearty fool's joke or chaos. Stay tuned.