Chasing online pirates is a gold mine!

Pirate-hunting companies generate their revenue by identifying alleged pirates and sending them notifications, demanding to pay damages for illicit acquisition of copyrighted content. Violators often pay out of fear of legal action, which allows the firms to hand over part of the cash to the copyright owner and leave the rest for themselves.

The relatively new scheme is used mostly in Germany and the UK due to the legislative opportunity there. A presentation by one of them, Germany-based DigiRights Solutions, reveals how profitable this business actually is, reports TorrentFreak news website.

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