Pornhub’s parent company, MindGeek, has been acquired by a Canadian company. So how did MindGeek fall from the top of the pornography industry to this state?
Undoubtedly, one of the first platforms that comes to mind when “pornographic content” is mentioned. pornhub. However, it is the parent company of both Pornhub and Pornhub, as well as other pornographic content platforms such as Brazzers and Redtube. MindGeekhas not been going through a good period in recent years. Because the platform has been the center of various discussions and debates since 2020. your lawsuits became the focal point.
As a matter of fact, it all started with the use of Mastercard and Visa on Pornhub. This decision was not well received because on Pornhub child abuse It was said that there were videos about it. In addition, some people whose videos were published on the platform without permission were rightfully suing the platform. As such, Pornhub will publish a detailed report in 2020. did the cleaning and removed all videos from unapproved users. Here from millions of videos We’re talking about some claims that these videos made up 80 percent of all content on the platform.
Child abuse allegations also led to Pornhub’s social media embargo
Pornhub is cornered for child abuse rather than unauthorized content. Because even content related to child pornography from parent company MindGeek earned money allegedly, the legal process for the company was getting harder and harder. In addition, Instagram, an approved account with 13 million followers belonging to Pornhub, has no closed without reason.
As the discussions on Pornhub continue, the CEO and COO of parent company MindGeek leave their posts.
While lawsuits against Pornhub and MindGeek continue, in June 2022 Another remarkable development took place. MindGeek’s CEO Feras Antoon and COO David Tassillo have resigned and left the company. This whole turbulent process is for MindGeek brought the ultimate.
MindGeek has been sold to a Canadian company
Canadian private equity firm Ethical Capital Partners (ECP) announced that it has acquired MindGeek. ECP did not make any statement regarding the terms and price of the purchase. for MindGeek”fighting illegal online content internet leader” while using the expressions, Fady Mansour, one of the co-founders of ECP, said:
“Built on MindGeek’s foundation of trust, security and compliance a dynamic technology brand We determined that. ECP’s ability to regulate resources, law enforcement, public participation, and expertise in finance to empower MindGeek we have a unique opportunity“
Source :
https://techcrunch.com/2023/03/16/pornhub-owner-mindgeek-sold-to-private-equity-firm/