MediaDefender Leaks Cost The Company $825,000
Written by Ernesto on November 20, 2007The anti-piracy organization MediaDefender lost $825,000 as a result of the leaked emails according to a recent filing submitted to the Securities and Exchange Commission (SEC). It is beginning to look like they have to walk the plank to bankruptcy after all.
This September we were the first to report that nearly 700mb of MediaDefender’s emails leaked on BitTorrent. The leaked emails gave the world a unique insight into the workings and the effectiveness of their BitTorrent decoy operations and revealed much more sensitive information.
The leaked emails were published by a group that goes by the name “MediaDefender-Defenders” and they were soon followed by other leaks such as a tracking database, a phone call and several anti-piracy tools.
From a recent SEC filing by MediaDefender’s parent company ArtistDirect we now learn that these leaks have cost the anti-piracy company some serious cash, $825,000 to be exact. Most of the money, $600,000, was spent to compensate their customers and the rest of the money was used to cover legal expenses.
In the SEC filing we read: “MediaDefender recorded approximately $600,000 for service credits to customers, which were recorded as a reduction to revenues during the three months ended September 30, 2007. This amount was determined based on various factors, including discussions with customers, and is subject to adjustment in future periods based on additional information. MediaDefender also recorded approximately $225,000 of legal, consulting and other direct costs related to the breach during the three months ended September 30, 2007.”
Surprisingly, the company does not think that the leaks have hurt the goodwill of MediaDefender on the long run, well, I hope for them that future clients don’t use Google then.
(via P2P-Blog)
Previously: Anti-Piracy Lobby Urges Sweden To Take Down The Pirate Bay
Next: PickyPirate: Metacritic Meets BitTorrent
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[quote comment="220288"]*** Attention ***
In case MediaDefender goes bankrupt we shall all pause our torrents for the duration of one minute.
Let us show MediaDefender that one pirate can understand another.[/quote]
no instead lets download as much as we can xD
now what about safenet get that shit gone and there are lots of other PG has scanned on my computer
group of elites so f there servers up…that what should happen get together
money sucks…
those who issue them are nazi.
[quote comment="219668"]Could you please tag all MediaDefender stories from here on in with “ha”, “haha”, “hahaha”, and “hahahaha”? It’ll make them much easier for me to find when I search your excellent site.[/quote]
AHAHAHAHAHAA i lol’d… HARD
filesharing is free
air is free
whining is free
wasting a lot of time doing something productive is also free.
making friend is also free
being creative.. free
doing research is.. free
fuck money..
fuck greediness..
i will never be selfish..
i will never put myself beyond others need..
p2p is here to stay indefinitely.
screw corporation and their control freaks agenda. btw bill gates is a prick, his windows is so bloated and so sloppy. its like written by a 5 year old kid. i hate windoze, i hate anything that put a limit on our freedom.
Hey MediaDefender. Defend against my azz as I am aboot to crap all over you. Hahahahahahaha
ha
ha
ha
YES!!!!!!!!!!
TorrentGeeks.com
Good Invite Codes
D8pZw5nl
5PcFc17p
Dont Get me Banned!!!!
PEACE!!
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