• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Enterprise

The “Tech” Company Behind Pornographic Sites Like Pornhub Gets Acquired

Femi by Femi
March 17, 2023
Share on FacebookShare on Twitter

According to recent reports, MindGeek, the company responsible for operating several leading adult entertainment websites, including Pornhub and YouPorn, has been acquired by Ethical Capital Partners, a Canadian private equity firm. The financial details of the acquisition remain undisclosed. The firm’s current executives will continue to manage the company alongside a team of ECP management that includes lawyers and former cannabis investors.

Also On TechBooky

Elon Musk’s Neuralink Gets Green Light For First Human Trial for Brain Implant

ChatGPT Parent OpenAI Rakes In About $80m Monthly, On Track For $1b In 12 Months

Amazon CEO Andy Jassy Is Asking Remote Workers To Return

AI Needs ‘Human Control’ To Avoid Being Weaponised, Says Microsoft’s President

Guide To Building an Enterprise API Strategy

Despite being a leading brand in the industry, MindGeek has been under constant criticism for its inability to prevent illegal content from being uploaded or viewed on its platform, including child sexual abuse material. This has led to the company’s recent moderation issues, which came to a head in 2020 when both Visa and Mastercard suspended their services to Pornhub. As a result, the company removed most of its videos and introduced a mandatory age verification system for actors.

MindGeek has been facing a multitude of issues, including ongoing legal challenges that may lead to further pressure as US lawmakers attempt to lessen liability protections for websites under Section 230. This has resulted in payment processors continuing to deny access to its ad network, TrafficJunky, following a court ruling in California that Visa could potentially be held responsible for aiding MindGeek in monetizing child pornography.

Recommended: Netflix’s Money Shot: The Pornhub Story

In mid-2022, the CEO and COO of MindGeek, Feras Antoon and David Tassillo, respectively, both resigned from their positions. The challenges faced by MindGeek go beyond the difficulty of managing a large web platform in 2023.

Ethical Capital Partners (ECP), the firm that recently acquired MindGeek, has expressed its intentions to address the legal issues faced by the company. ECP has plans to invest in MindGeek as a leader in the fight against illegal online content, which may include using tools like AgeID, an age verification tool affiliated with MindGeek, or Safeguard, its image recognition tool that has been previously promoted for use on other adult sites.

Read more: The World’s Biggest Porn Site Now Accepts Cryptocurrency

Bruinen Investments, a company that emerged around the same time as Ethical Capital Partners, also emphasized its commitment to ethics on its website, promising to prioritize ethics and deliver safe and positive online experiences for adults. Notably, both firms feature Fady Mansour, a criminal defence lawyer, Derek Ogden, a former director of drug and organized crime enforcement for the Royal Canadian Mounted Police, and Sarah Bain, a communications consultant.

Given that these are the same individuals involved with MindGeek, it raises questions about their plans for the company. In a late 2021 investigation by The Logic, it was revealed that the previous plan for MindGeek involved a restructuring effort to “rehabilitate its reputation” with the goal of eventually selling or merging it with a SPAC. This strategy was known as Project Narsil, a reference to the broken sword in The Lord of the Rings and highlighted that the acquisition target is a highly recognized but undervalued brand in the adult entertainment and technology industry.

Tags: mindgeekpornhub
Femi

Femi

Paul Balo is a wireless communications technologist with interests in VoIP and 5G technologies. He leads the writing team at TechBooky

BROWSE BY CATEGORIES

Freshly Squeezed

  • LimeWire’s Unexpected Transformation From Music Piracy To Generative AI September 20, 2023
  • The iPad Is Finally Getting The WhatsApp App – Sort Of September 20, 2023
  • Elon Musk’s Neuralink Gets Green Light For First Human Trial for Brain Implant September 20, 2023
  • iPhone 15 vs. Top Competitors: A Comprehensive Comparison September 19, 2023
  • Elon Musk Says X Is Moving Towards Subscription Fees September 19, 2023
  • Google’s Bard Gets Big Changes, Now Connects To Gmail And Other Services September 19, 2023

RSS More from TechBooky Africa

  • The Best Android Smartwatches of 2023.  September 13, 2023 Eni Emeka
  • “Crypto vs. Taxes” — The Blockchain Association of Kenya Takes on the Government. September 2, 2023 Eni Emeka
  • Chargel Is A Catalyst for Transformation in Cote d’Ivoire’s Energy Landscape. September 2, 2023 Eni Emeka
  • Black Ostrich Ventures’ $20m Equity Funding for Pre-Seed & Other Early-Staged Start-Up Investment Grant. September 1, 2023 Eni Emeka
  • MTN Nigeria Commercial Paper Deal Impact The Gravity Of Adequate Working Capital Equity For Businesses & The Industry. August 31, 2023 Eni Emeka
  • Airtel Uganda Projectile IPO Estimated Worth, Hovers At $215 Million & Above. August 31, 2023 Eni Emeka
  • Bank of Ghana Issued Eganow Operational ePayment Service License, …is Disrupting The Country’s FinTech Industry. August 30, 2023 Eni Emeka
  • Plural AI Opens Shop In South Africa & Nigeria To Track Public Policies. August 30, 2023 Eni Emeka
  • TymeBank is Making Banking More Affordable and Convenient With “Zero Transaction Fee” Via “PayShap” August 30, 2023 Eni Emeka
  • HIGHLIGHTS — Techcrunch Disrupt Equity Battlefield Got Start-ups Pitching Innovative Tech Solutions Per Africa’s Biggest Challenger. August 30, 2023 Eni Emeka

Receive top tech news directly in your inbox

Loading

RSS More from TechBooky Business

  • Instacart’s Strong Nasdaq Debut Sees 12% Stock Surge At Closing Yesterday September 20, 2023 Femi Balo
  • DoorDash To Move Listing from NYSE to Nasdaq September 15, 2023 Femi Balo
  • Arm Holdings Gains Continue On Nasdaq Debut Week September 15, 2023 Femi Balo
  • Oracle Faces Investor Concerns as Q1 Earnings Disappoint September 15, 2023 Femi Balo
  • HP Faces Investor Concerns as Q3 Earnings Fall Short of Expectations September 2, 2023 Femi Balo
  • Klarna Shows Strong Progress Toward Profitability With A 67% Reduction In Losses September 2, 2023 Femi Balo
  • Salesforce Surpasses Expectations With Strong Quarterly Earnings September 2, 2023 Femi Balo
  • OpenAI On Track To Make $1b In Revenue In 12 Months August 30, 2023 Femi Balo
  • BYD’s Remarkable Profit Surge and Electric Vehicle Triumph August 29, 2023 Femi Balo
  • Baidu Reported A Strong Q2 Performance August 29, 2023 Femi Balo

Browse Archives

September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 17,656 other subscribers.

Receive top tech news directly in your inbox

Loading

Popular Tags

AI (307) amazon (96) android (304) app (664) Apple (500) artificial intelligence (332) business (419) china (117) cloud (141) cryptocurrency (164) ecommerce (112) enterprise (257) facebook (482) gadget (498) gaming (177) google (579) government (403) guest post (109) instagram (147) internet (387) ios (262) iphone (220) microsoft (282) mobile (321) new feature (329) nigeria (282) privacy (146) research (134) samsung (153) security (387) smartphone (257) social media (716) software (460) startup (272) streaming (149) telecom (159) tips (351) transport (109) twitter (250) united states (205) users (157) videos (116) website (166) whatsapp (136) youtube (110)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

RSS African Tech News

  • The Best Android Smartwatches of 2023.  September 13, 2023 Eni Emeka
  • “Crypto vs. Taxes” — The Blockchain Association of Kenya Takes on the Government. September 2, 2023 Eni Emeka
  • Chargel Is A Catalyst for Transformation in Cote d’Ivoire’s Energy Landscape. September 2, 2023 Eni Emeka
  • Black Ostrich Ventures’ $20m Equity Funding for Pre-Seed & Other Early-Staged Start-Up Investment Grant. September 1, 2023 Eni Emeka
  • MTN Nigeria Commercial Paper Deal Impact The Gravity Of Adequate Working Capital Equity For Businesses & The Industry. August 31, 2023 Eni Emeka
  • Airtel Uganda Projectile IPO Estimated Worth, Hovers At $215 Million & Above. August 31, 2023 Eni Emeka
  • Bank of Ghana Issued Eganow Operational ePayment Service License, …is Disrupting The Country’s FinTech Industry. August 30, 2023 Eni Emeka
  • Plural AI Opens Shop In South Africa & Nigeria To Track Public Policies. August 30, 2023 Eni Emeka
  • TymeBank is Making Banking More Affordable and Convenient With “Zero Transaction Fee” Via “PayShap” August 30, 2023 Eni Emeka
  • HIGHLIGHTS — Techcrunch Disrupt Equity Battlefield Got Start-ups Pitching Innovative Tech Solutions Per Africa’s Biggest Challenger. August 30, 2023 Eni Emeka

RSS Business Tech News

  • Instacart’s Strong Nasdaq Debut Sees 12% Stock Surge At Closing Yesterday September 20, 2023 Femi Balo
  • DoorDash To Move Listing from NYSE to Nasdaq September 15, 2023 Femi Balo
  • Arm Holdings Gains Continue On Nasdaq Debut Week September 15, 2023 Femi Balo
  • Oracle Faces Investor Concerns as Q1 Earnings Disappoint September 15, 2023 Femi Balo
  • HP Faces Investor Concerns as Q3 Earnings Fall Short of Expectations September 2, 2023 Femi Balo
  • Klarna Shows Strong Progress Toward Profitability With A 67% Reduction In Losses September 2, 2023 Femi Balo
  • Salesforce Surpasses Expectations With Strong Quarterly Earnings September 2, 2023 Femi Balo
  • OpenAI On Track To Make $1b In Revenue In 12 Months August 30, 2023 Femi Balo
  • BYD’s Remarkable Profit Surge and Electric Vehicle Triumph August 29, 2023 Femi Balo
  • Baidu Reported A Strong Q2 Performance August 29, 2023 Femi Balo

Recent News

LimeWire’s Unexpected Transformation From Music Piracy To Generative AI

LimeWire’s Unexpected Transformation From Music Piracy To Generative AI

September 20, 2023
WhatsApp Will Now Allow Improved Preview For Documents

The iPad Is Finally Getting The WhatsApp App – Sort Of

September 20, 2023
Elon Musk’s Neuralink Gets Green Light For First Human Trial for Brain Implant

Elon Musk’s Neuralink Gets Green Light For First Human Trial for Brain Implant

September 20, 2023
iPhone 15 vs. Top Competitors: A Comprehensive Comparison

iPhone 15 vs. Top Competitors: A Comprehensive Comparison

September 19, 2023
Elon Musk Says X Is Moving Towards Subscription Fees

Elon Musk Says X Is Moving Towards Subscription Fees

September 19, 2023
Google’s Bard Gets Big Changes, Now Connects To Gmail And Other Services

Google’s Bard Gets Big Changes, Now Connects To Gmail And Other Services

September 19, 2023
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite