Pornhub parent company Mindgeek’s CEO and COO abruptly steps down

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The CEO and CEO of Mindgeek, the parent company of porn streaming giant Pornhub and its ilk, stepped down suddenly and unceremoniously. The company says the departures were planned, but company moderation policy report at the New Yorker Last week they look like they’re leaving the scene of an accident.

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This was first reported by Variety.which MindGeek confirmed to TechCrunch.

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CEO Feras Antun and COO David Tasillo resigned immediately, although they remain shareholders. According to a statement from MindGeek, “Because the company is strategically positioned for long-term growth, MindGeek’s executive management team will be performing day-to-day operations on a temporary basis and the search for a replacement continues.”

That the company may have considered a change in leadership is understandable; The past few years have been challenging for the adult film world, in which MindGeek is an incredibly powerful player — so powerful that many in the industry have come to terms with its sometimes controversial content and payment choices.

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Money is also a problem – not because the porn industry lacks it, but because payments are getting harder. MasterCard and Visa suspended payments to MindGeek companies back in 2020, although Visa conceded somewhat. The insecurity of the company’s position led it to resort to recommending payment through cryptocurrency, but as we have seen, this is not as easy as its supporters imagined.

However, the most recent bad PR around the company has to be a New Yorker article describing various situations where Pornhub’s moderation processes have failed over the years, with people trying and failing to get images of themselves from the platform. However, some members of the adult film industry and the sex industry accused the author from buying a religious crusader against pornography hook, line and sinker.

MindGeek called the report a “gross mischaracterization” and stated in a separate statement: “NCMEC reported earlier this year that Pornhub reported fewer CSAM cases and removed CSAM cases promptly after being notified across all major platforms, including Facebook, Twitter, YouTube and more.”

No matter what you think of a New Yorker article, it’s hard to have a few thousand words in a respected and popular periodical aimed at your company, so it might be hard for some to believe that “there is absolutely no correlation between any other reporting and today’s news.” “.

It’s true that MindGeek and Pornhub (as well as other adult video sites and services, not to mention social media) have had no end of trouble filtering out illegal or policy-violating content, but efforts are certainly being made to address this issue. Whether these efforts are sufficient is another question, and usually we can only answer it in hindsight when companies fail, are investigated, or their internal methods and metrics are somehow leaked. (If Facebook and others hadn’t had to raise their right hand and tell the truth to Congress or the Justice Department, we might never know what we’re doing now.)

The CEO and COO leave immediately without a succession plan after a bout of negative press – this may of course just be bad timing and loose corporate flair, but it will be hard to stick to that narrative.




Credit: techcrunch.com /

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