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."
TO READ FULL ARTICLE: http://torrentfreak.com/mediadefender-walks-the-plank-to-bankruptcy-080801/