[HN Gopher] European Police Pull Plug on 'Largest' Illegal Strea...
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       European Police Pull Plug on 'Largest' Illegal Streaming Service
        
       Author : SirLJ
       Score  : 4 points
       Date   : 2024-11-27 21:59 UTC (1 hours ago)
        
 (HTM) web link (www.barrons.com)
 (TXT) w3m dump (www.barrons.com)
        
       | orf wrote:
       | https://www.ft.com/content/48f63457-9c6f-4d5e-adfb-d6d47fb71...
       | is a much better link.
       | 
       | > The criminal enterprise used a complex international IT system
       | to "capture and resell" live programming and other on-demand
       | content from companies including sports broadcaster DAZN,
       | Netflix, Amazon Prime, Paramount, Sky and Disney+, prosecutors
       | said in a statement on Wednesday.
        
         | Zacharias030 wrote:
         | https://archive.is/7qeD5
        
       | Zacharias030 wrote:
       | What was the service called? Never heard of it.
        
         | defrost wrote:
         | Typically a pyramid model - _if_ the EU police here cracked the
         | top tier that were capturing the raw signals then whatever name
         | they gave thmeselves would not be one of the _many_ names used
         | at the base to onsell those illegal captured streams to general
         | punters.
        
       | splonk wrote:
       | Here's the press release from Eurojust:
       | https://www.eurojust.europa.eu/news/crackdown-illegal-stream...
       | 
       | The claim of 250M/month or 3B/year in revenues seems staggeringly
       | high, and doesn't seem to make sense compared to the 1.6M in
       | crypto that was seized.
        
       | defrost wrote:
       | To the best of my recollection the _bulk_ of demand from paying
       | customers for pirated live streaming comes from the live sports
       | market.                   Eurojust, the European Agency for
       | Criminal Justice Cooperation, estimated that the operation -- one
       | of the world's largest illegal streaming services -- generated
       | revenues of roughly EUR3bn a year and caused combined damages of
       | more than EUR10bn to the affected broadcast companies.
       | "The rate of profit you get from these illegal activities with
       | lower risk is equivalent to that of cocaine trafficking,"
       | Francesco Curcio, the criminal prosecutor who led the
       | investigation, told reporters.
       | 
       | Gives an indication of the scale of annual profits for
       | broadcasting boxing, soccer, horse racing, etc. bearing in mind
       | that siphoning away some EUR10bn of _potential_ income for
       | broadcasters and clubs and illegally selling that for EUR3bn hasn
       | 't put the primaries out of business (although they are actively
       | gatekeeping what they regard as "theirs").
       | 
       | ( _potential_ stressed as it 's claimed that had "customers" not
       | been paying pirates _less_ then they would, of course, be paying
       | media barons _more_ for the same .. which is not always the case
       | in reality )
        
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       (page generated 2024-11-27 23:01 UTC)