Friday, August 1, 2008

TECHNOLOGY: MediaDefender walks the plank to bankruptcy

Written by "Ernesto"

"MediaDefender and parent company ArtistDirect have had some serious setbacks recently. Last September they suffered a huge security breach when internal emails and a phone call were leaked to BitTorrent. They received even more bad press recently for DDoSsing Revision3. As a result, MediaDefender’s parent company stock dropped from $2.00 down to just 16 cents.

Mediadefender has had a rough year, and the future isn’t looking much better. Last month, MediaDefender lost one of its larger customers. The business accounted for roughly 18% of MediaDefender’s revenues."


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