My friend is really scared at the moment. Can’t blame her.

The sooner they die, the better.

Media Defender has been dealt 900,000$ damage by Ethan.

Media Defender has been hit with Sue-ward by Rezzard Inc.

Media Defender has been K.O’ed by the PirateBay.

P W N T. Game over GudNite Suckers!

Someone should paint in some visually representative images of ‘USS MediaDefender’ as it plots its course along that abyssal curve. :)

You can say “the end” after The Pirate Bay community buys all Media Defender’s stocks and makes it P2P favour company after kicking some employees ;)

There is no bankruptcy option available in IT-technology companies sector, they are always sold/integrated to other companies. As far TPB is not a company, just community it is safe of overtakers.

JT
Ultimate Anonymity

As Andrew Jackson said, “it is killing me — OR I WILL KILL IT” – he was taking about the national bank, and his decision to get rid of it was foolish. But at least he had the virtue of acting on his beliefs, rather than passively bemoaning whatever discontents he has. Nothing good will happen if we complain “life sucks” and so on.

I don’t think that exploiting internet security holes is a good principle to work or live by, but when most of the world is fooled into supporting the enemy, this sort of victory is pricelessly valuable to we, the persecuted few.

And by the way, regarding TF comments: yes, they are sometimes abused, but I think that if anything needs to be done then old fashioned tighter moderation will suffice. The discussion on here, whilst not always fruitful, often proved a desperately needed medium of communication for our largely disunited group. Allowing people share and vent on here is a great service, in my opinion, and we should make the most of it. The comment situation here is a thousand times better than at youtube.com, for instance, and actually serves a purpose.

Also, can people quit passive negative criticism of TF articles please, their reporting is generally of a very high standard, and to those that think its smart to jibe some analysis as being the product of ‘a slow day’: well fuck you, try providing a consistent community service as important as TF before you slight their site.

It seems that unfortunately, few investors read Torrentfreak, or knew about MediaDefender’s massive email leak. Anyone who spent some time reading through the leaked company emails would have realized back in September that MediaDefender had damaged it’s reputation beyond repair, and would likely start seeing an exodus of its clients once their contracts were up.

Like rats fleeing a sinking ship, the news that one more of MediaDefender’s major customers is leaving hardly comes as a surprise. “This is really fucked”, Randy Saaf once shrieked, and those words have since become prophetic as the company continues to sink deeper and deeper.

It’s been fun watching the slow death of MediaDefender, the P2P saboteur company that founders Randy and Octavio spent eight years building up and is now going belly-up. Many of us predicted the company’s imminent demise when the email leak broke last September, a leak whose most damaging aspect was no doubt showing MediaDefender’s execs caught with their pants down lying to their RIAA & MPAA customers while fumbling their way chasing after the P2P scene. MediaDefender sold themselves as a digital-age Perry Mason, then the leaked emails revealed them to be more like the bumbling Inspector Clouseau.

Saaf and co. have learned all too late that leaving a trail of incriminating internal emails, not only admitting to their company’s failures, but mocking one’s customers behind their backs, can be a very risky business practice.

Will the ArtistDirect management turn around and sue Randy and Octavio? After all, they alone are the ones responsible for the company’s loss of customers. It’s primarily through their big mouths and behind-closed-doors (or so they thought) antics that they’ve run the name of MediaDefender into the ground.

“Material Impairments” MediaDefender takes $25 million write-off
http://biz.yahoo.com/e/080709/artd.ob8-k.html

Artistdirect purchased MediaDefender in 2005 for $42.5 million, with $31 million of MediaDefender’s value being classified as “goodwill”. The term “goodwill” refers to a company’s non-material assets such as a strong brand name or good customer relations. The company has finally admitted that the $31 million figure was much too high, and announced plans to take a $25 million write-off.

It’s a significant event when the company itself admits that the value of the Mediadefender “brand name” – its reputation in the industry and its trust among its clients – has dropped by a whopping 80%.

With ArtistDirect unable to pay its debt and expressing doubts about the company’s future viability in its existing form, the company was in negotiations to sell off its operations. They’ve apparently failed to find any buyers yet, despite the substantial price they’ve paid a consulting firm to arrange a sale.

(According to Investopedia.com, “Impairment charge” is the new term for writing off worthless “goodwill”.)
http://www.investopedia.com/articles/analyst/110502.asp

Simply put, MediaDefender going bankrupt is no evidence of any controversy. It’s only evidence that industry seems them as not effective enough in eradicating the “problem” of piracy.

Either way, it would be important to somehow take OVERT POLITICAL action. I mean, MediaDefender’s downfall might be nice and all, but how will it vote out a politician who favors copyright?