Variety: Vader Streams Shut Down by Hollywood Studios

by view9234

https://variety.com/2019/tv/news/vader-streams-shut-down-ace-mpaa-1203307709/

LickMyKnee

8 million subscriptions sold and a $10 million dollar settlement. I think Mr Vader did ok for himself.

bonedchaos

Court: You owe $10 million in fines.

Vader: Lol, k, who do I write the check to?

briabbmitch

This was all due to their VOD. I would encourage all providers to look at removing VOD and catch up.. make it purely about live streams. That is all I ever use personally and the other is all available thru free apps anyways.

kaz78601

Is that 8mill subs at time of shutdown 😯, i mean at €10 a pop on average taken into acount 6month and year subs thats $80mill a month 🥳🥳🥳

[deleted]

With them seizing all the assets it’s makes you wonder if their are logs, payment histories, credit card information, names, addresses.”, etc? Are former subscribers worried?

Specific_Angle

They aren't going to waste their time with subscribers.

What's interesting here is there is no mention of criminal charges. That said, I'm guessing they are also going to be investigated for money laundering, tax evasion etc.

keithcq71

8 million subscribers ? Too many. Stay small and stay off Youtube .

erw_1

Is it possible to protect yourself? how did the authorities go up to them. They host where their servers, who will be next on the list

asherdw

Wow, I guess that's the end of big streamers lol. Who's the next biggest?

jimraso

Vaders resellers are going to be in for lots of fun. The CRA in Canada, and the IRS in the USA will be notified by the authorities, and the resellers will all be audited for unreported income. When my dealer got busted the CRA back audited him 7 years. They picked his bones clean.

throwawydoor

so the sitiuation they spoke about was real. although, they still pulled an exit scam. when they got the first notice they shouldve moved or wrapped it up. instead they kept signing up people. one of the resellers that operate on here says he just bought credits before they closed shop.

Spewaged

Vader was straight garbage anyway. Fuck them.