Porn giant shifted €130m of assets out of Irish operations

Mindgeek, which runs popular sites such as Pornhub and Redtube, has been accused of profiting from material featuring victims of sexual exploitation

Barry J Whyte

Chief Feature Writer @whytebarry
2nd August, 2020
Porn giant shifted €130m of assets out of Irish operations
Protesters gather outside the offices of Pornhub in Montreal, Canada accusing the website of profiting off the sex trafficking and sexual exploitation of women and children

One of the world’s largest and most controversial pornography companies shifted $154.5 million (€130 million) worth of assets out of several Irish subsidiaries before shutting them down, company filings show.

Mindgeek, the owner of pornographic websites such as Pornhub, Redtube, and YouPorn, has been running billions of dollars through its Irish subsidiaries over the last few years.

Its main company MG Billing, for example, has collected more than $1.3 billion (€1.1 billion) in subscription...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

This working life: ‘To achieve anything, you must choose a challenge and step out of your comfort zone’

Ian Guider: We can laugh at Succession, but it’s not far removed from reality

Business Ian Guider 2 days ago

This working life: Schools must do better to ensure Stem leaves no girl behind

Meet Gerry O'Reilly — the Irish Olympian who now invests up to $3bn dollars a day

Business Lorcan Allen 3 days ago