MindGeek, a company that owns several pornographic sites in which it stands out pornhubwas acquired by the private equity firm, Ethical Capital Partners (ECP) for an undisclosed amount.
“At MindGeek, we have identified a dynamic technology brand that is built on a foundation of trust, security and compliance. ECP’s resources and extensive experience, spanning both regulation, law enforcement, public participation and finance, we have a unique opportunity to strengthen what already exists,” he explains in a statement Fady Mansour, founding partner of ECP.
MindGeek is a Canadian but Luxembourg-based company that operates a number of popular pornographic sites including PornHub, RedTube, Nutaku, YouPorn and Xtube, as well as multiple adult film studios including Digital Playground, Men.com, Reality Kings, Sean Cody and WhyNotBi.com, among others.
Its spokespersons maintain that the company is one of the five largest companies in terms of bandwidth consumption in the world.
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A sale amid multiple lawsuits
Currently, MindGeek is facing several lawsuits for sex trafficking, child pornography, and rape videos that were hosted on their sites.
Therefore, its sale to an investment firm could be caused as a result of these controversies, which is also added to the documentary released on Netlix, “The Millionaire Climax: The Pornhub Story”, where the big scandals in which the pornographic portal has been involved are exposed.
“Knowingly profiting from sex trafficking is what we believe they are responsible for,” says an interview subject in the newly revealed trailer. He adds another theme: “The more I explored, the more horrified I became. I found too many cases of children whose worst moments were preserved in amber.
The material, which premiered on Netflix on March 15, interviews feminist activists, porn actresses, victims of sexual abuse, lawyers, people involved in the adult industry, among others, who aim to cast a different look at the site. Web.