It had plenty to do with the rise of piracy and with free tube sites like PornHub. The business model utterly modified and apart from one firm — MindGeek — porn has but to actually catch up. Perhaps the pseudo-monopolization of MindGeek — which owns PornHub, RedTube, YouPorn [among different grownup websites] — has prevented the the rest of the industry from having the flexibility to compete on any equal footing. Bergemar had only been identified in a “small circle” of MindGeek executives, advisers and other firm members, until the report, which was published Thursday. The mysterious businessman joined MindGeek in 2013, and now owns shares in most of the company’s subsidiaries, making him its largest beneficiary. His run as one of many world’s most powerful folks in porn came to an abrupt end in late 2012 when German public prosecutors charged him with tax evasion. Soon after, he sold the company to senior managers Feras Antoon and David Tassillo, who renamed the company MindGeek and now run it out of Montreal.
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- MindGeek says the number cited to Isaacs was “inaccurate” however declined to provide a determine.
The revealing FT report comes after Pornhub purged greater than 10 million unverified videos from its website after the site was accused of hosting videos showing child abuse and non-consensual sex. MindGeek has kept details of its ownership largely secret, however the Financial Times reported in 2020 that businessman Bernard Bergemar is the primary owner of the corporate. Pornhub is owned by MindGeek, a Montreal-based firm that can be said to personal other pornographic websites such as Redtube, Youporn and XTube among many others. In December 2020, the New York Times published an Op-Ed that accused the website, and its father or mother company MindGeek, of sex trafficking and the distribution of movies of sex and baby abuse without consent. The revelations about MindGeek’s possession come amid scrutiny of Pornhub, the popular free site that critics say is infested with videos of rape and baby sex abuse. JPMorgan and Fortress declined to comment to the FT, and Cornell initially informed the paper that its investment managers’ portfolios have been confidential. Porn is everywhere, but the company that owns the preferred sites is out of sight.
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