Tuesday, November 14, 2006
BitTorrent Sites Sell Out (Demonoid, MyBittorent, Torrentportal, Torrentreactor, etc)
reports that Searching Unlimited, Inc. has "bought the BitTorrent sites Bushtorrent, Demonoid, MyBittorrent, Fenopy, Snarf-it, Torrentportal and Torrentreactor. The admins of the sites supposedly got some stake in the company in return."
Searching Unlimited is run by John Gotts, who earlier bought Wiki.com for $2.86 million. His strategy:
P2P blog
Searching Unlimited is run by John Gotts, who earlier bought Wiki.com for $2.86 million. His strategy:
The story is this: Gotts buys domain. Gotts pumps traffic. (Before the press, it was 150,000 unique visitors a month, says Gotts, which seems low -- but he's the one who made millions by buying domains.) Gotts thinks up what to put at that domain, then hires a company to do it. Gotts rakes in cash.
He also tried to do a deal with Jotspot to license their software. Of course, if this deal pans out, content owners will likely be looking for their cut as with the YouTube buyout. Look for changes at your favorite torrent sites soon.
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