Bergemar seems on three Google outcomes, all associated to a decade-old courtroom case where he gave proof because the director of RedTube, the porn site MindGeek acquired quickly after Thylmann’s exit. Bergemar doesn’t function within the porn company’s company filings and declined to speak to the FT. But several sources confirmed that, by way of a complex construction involving shares in MindGeek-controlled subsidiaries, Bergemar is the group’s largest proprietor and biggest beneficiary. Pornhub recently took down all movies from unverified creators, which had accounted for many of the site’s content material, after Mastercard and Visa withdrew their services from the platform.
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- Woods, who drafted key components of the proposal for the UK’s online harms invoice, says that until this spring she had not paid much consideration to MindGeek, “which is interesting given the amount of analysis I have been doing in the area.”
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- His stroke of luck came when he discovered that the Montreal-based teams behind Pornhub and Brazzers—which in 2010 have been already profitable businesses and well-known brands—were up for sale.
- The two corporations declined to comment, whereas the university mentioned that its investment managers’ portfolios are confidential.
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That includes its main owner—a businessman called Bernard Bergemar, whose name is nearly utterly invisible on the Internet but who has a claim to the title of the world’s most profitable porn tycoon. Until this Financial Times investigation, his id was secret, known solely to a small circle of MindGeek executives and their advisers. “I just thought there are voices missing from this story about the largest porn platform—and it’s the people whose backs the company profits off of,” Hillinger mentioned. “So, I really needed to tell the story of Pornhub, mostly by way of the lens of individuals making consensual pornography, as a result of I simply felt like it was actually lacking from the conversation.” The modifications, which were introduced in a blog publish on Monday, introduced the website’s videos from 13.5 million to beneath 3 million.
In December 2020, the New York Times printed an Op-Ed that accused the website, and its parent company MindGeek, of sex trafficking and the distribution of videos of sex and youngster abuse with out consent. Pornhub allegedly hosted rape movies and monetized revenge pornography, spycam movies, and racist and misogynist content. The site also had greater than one hundred,000 videos that introduced sexual content material involving minors, based on a New York Times op-ed. Previous media stories have acknowledged that Tassillo and Antoon purchased the corporate from Thylmann in 2013, and their names are—aside from nameless household trusts and shell companies—the only ones listed as owning shares in MindGeek. MindGeek has stored details of its ownership largely secret, nonetheless the Financial Times reported in 2020 that businessman Bernard Bergemar is the main owner of the company. “At Pornhub, the protection of our neighborhood is our top priority. Last week, we enacted probably the most comprehensive safeguards in user-generated platform history.
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His stroke of luck came when he learned that the Montreal-based groups behind Pornhub and Brazzers—which in 2010 were already worthwhile businesses and well-known brands—were up for sale. A few years later, Salieri found that “the boy” had purchased his first Rolls-Royce Phantom. Like different coders, he had made a fortune promoting promoting on the early free-to-watch porn sites, which today appeal to lots of of millions of visits daily. Pornhub, a personal firm, declined to comment, saying it does not talk about monetary information.
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MindGeek owes one of these subsidiaries $200 million in debt issued when Bergemar entered the business, which is paid in month-to-month installments that range from $1.5 million to $1.eight million, some years eclipsing declared income. MindGeek says it has processes in place to detect and take away videos that violate other companies’ copyrights or function child pornography and different unlawful content. Bergemar owns shares in a majority of MindGeek subsidiaries, which allow him to be the largest beneficiary of the corporate, FT reported. MindGeek pays license charges for the “complex community of subsidiaries” and owes them hundreds of thousands of dollars in dividends, the FT report mentioned. The businessman Bernard Bergemar owns MindGeek, which runs major porn sites together with Pornhub, RedTube, and YouPorn, according to an explosive report from the Financial Times.