Manwin/Mindgeek ReallyUseful Heres The Terms of the Deal

[mikesouth]

I told you back on Oct 22 that mindgeek/manwin was about to buy up a eurocompany, turns out that company was Reallyuseful ltd. ReallyUseful runs the sites FakeTaxi.com, MassageRooms.com, FakeAgent.com, Orgasms.xxx, Casting.xxx and Mom.xxx. and others.

now everyone and his brother ran the story last week just like manwin/mindgeek told them to in the press release. You are here because you want what ISN'T in the press release.....here ya go.

MikeSouth.Com

You won't read THIS on AVN or XBiz.....

[FriendsForNow]

Interesting read

[hadden]

Tell us more annointed one

[fuzebox]

If you look at MindGeek/Manwin sites you see that they are cross selling videosz via epoch/segpay. Thats because they have the same deal with videosz. Ditto Streamate.

Mindgeek is running VideosZ too? Fascinating

[dyna mo]

seems like a typically structured deal. few internet deals like this involve [significant] cash changing hands. they're performance based.

[The Porn Nerd]

But Mike, here's what confuses me:

Ruseful gets 80%, Mind Geek gets 20%...but if Mind Geek had just struck a better deal with Ruseful AS AN AFFILIATE then Mind Geek would get...50% of the revenue or more, no?

This would be from Mind Geek's own family of tubes, naturally, so the 80/20 split would mean revenue from NON Mind Geek properties - as in: Ruseful uploads a vid to XHamster, XHamster get's 50% then Ruseful gets 80% of the remaining 50% and Mind Geek gets 20% of the remaining 50%?

So Mind Geek would be running the tube submissions and taking a cut? Why would Ruseful give up 20% revenue just so they don't have to deal with the sites? These numbers do not sound all that attractive, to be honest. I must be missing something. LOL Now if Mind Geek was picking up the costs of production, too.....

[mikesouth]

Originally Posted by The Porn Nerd

But Mike, here's what confuses me:

Ruseful gets 80%, Mind Geek gets 20%...but if Mind Geek had just struck a better deal with Ruseful AS AN AFFILIATE then Mind Geek would get...50% of the revenue or more, no?

This would be from Mind Geek's own family of tubes, naturally, so the 80/20 split would mean revenue from NON Mind Geek properties - as in: Ruseful uploads a vid to XHamster, XHamster get's 50% then Ruseful gets 80% of the remaining 50% and Mind Geek gets 20% of the remaining 50%?

So Mind Geek would be running the tube submissions and taking a cut? Why would Ruseful give up 20% revenue just so they don't have to deal with the sites? These numbers do not sound all that attractive, to be honest. I must be missing something. LOL Now if Mind Geek was picking up the costs of production, too.....

That was my immediate thought as well, just do an affiliate deal, but with this deal Mindgeek gets 20% of existing revenue as well...at a time when MindGeek/Manwin needs cash badly.....so it makes sense....manwin isnt picking up the tab for production, Manwin has no money to spend so all of these deals require no outlay from Manwin, just leveraging traffic for 20%...the way I see it JT made out well...In addition to the revenue he gets his pirated content removed from 90% of the tubesites....

[The Porn Nerd]

Originally Posted by mikesouth

That was my immediate thought as well, just do an affiliate deal, but with this deal Mindgeek gets 20% of existing revenue as well...at a time when MindGeek/Manwin needs cash badly.....so it makes sense....manwin isnt picking up the tab for production, Manwin has no money to spend so all of these deals require no outlay from Manwin, just leveraging traffic for 20%...the way I see it JT made out well...In addition to the revenue he gets his pirated content removed from 90% of the tubesites....

20% of "existing revenue as well"? So Ruseful transferred cash to Mind Geek?

[ITraffic]

it's not just tube videos. their sites and videos lately were getting prominent links and promotion at the top of their tubes that probably send massive massive traffic, like in the spot where wet and puffy is today.

[mikesouth]

Originally Posted by The Porn Nerd

20% of "existing revenue as well"? So Ruseful transferred cash to Mind Geek?

I dont think they transferred any EXCEPT when it comes to future revenues....but yes its my understanding they gave up 20% of the current revs from that point forward...I could be off on that though thats unclear.

[kristin]

Originally Posted by The Porn Nerd

20% of "existing revenue as well"? So Ruseful transferred cash to Mind Geek?

I'm not sure the terms of the deal on this, but usually existing revenue would mean rebills from the existing members. Not a lump sum on the money he made prior.

Many times when people take on the management of a program they will take a % of existing and then a larger % on new income. You should always take a % on existing because you are going to do work on the project before it starts making "new" income (usually).

[Relentless]

Originally Posted by fuzebox

Mindgeek is running VideosZ too? Fascinating

There are a few factually inaccurate things in that 'story' for sure. It's not as bad as the ridiculous lies he posted about Mark, but it's wildly inaccurate nonetheless.

[TampaToker]

No one knows for sure the structure of the deal. But i will say for sure JT will benefit from this deal one way or another

[The Porn Nerd]

Originally Posted by kristin

I'm not sure the terms of the deal on this, but usually existing revenue would mean rebills from the existing members. Not a lump sum on the money he made prior.

Many times when people take on the management of a program they will take a % of existing and then a larger % on new income. You should always take a % on existing because you are going to do work on the project before it starts making "new" income (usually).

Ah yes rebills.

[xXXtesy10]

Originally Posted by kristin

I'm not sure the terms of the deal on this, but usually existing revenue would mean rebills from the existing members. Not a lump sum on the money he made prior.

Many times when people take on the management of a program they will take a % of existing and then a larger % on new income. You should always take a % on existing because you are going to do work on the project before it starts making "new" income (usually).

[CamTraffic]

Originally Posted by fuzebox

Mindgeek is running VideosZ too? Fascinating

Not "running" but "cross selling with"

[LeRoy]

Yah but you didnt have the info on Oct 22. Anyone can say.. "This company is doing something big" wait for details blah blah. Then when it actually happens. You jump in and take credit.

On the other hand when you get it wrong.. you just hope everyone forgets.

Top notch reporting bro!

[Robbie]

Originally Posted by Relentless

There are a few factually inaccurate things in that 'story' for sure. It's not as bad as the ridiculous lies he posted about Mark, but it's wildly inaccurate nonetheless.

How do you know that? Do you have some kind of "insider" info that Mike South doesn't?

"Wildly innacurate" is a pretty big statement. What parts exactly are "wildly innacurate" and how do you know this and most importantly...tell us what IS the accurate story on each thing you labeled innacurate.

[Relentless]

Originally Posted by Robbie

How do you know that? Do you have some kind of "insider" info that Mike South doesn't? "Wildly innacurate" is a pretty big statement. What parts exactly are "wildly innacurate" and how do you know this and most importantly...tell us what IS the accurate story on each thing you labeled innacurate.

I'm not a gossip columnist. I post a very small fraction of what I have access to (and only with permission), which is a large part of why people are comfortable providing me with access. My suggestion is that if you have questions... ask JT or Clement or Mark or any of the other people gossiped about in these stories. You have more accurate sources than Mike, and you have no reason to seek headlines by conflating the information with hyperbole to gain page views when those sources provide info to you.

Gossip rags make sense in mainstream because you can't get a hold of A list celebrities to find out what happened. In adult, everyone is just a Skype message, board post, phone call, facebook message, email or show meeting away. So why wouldn't you just go directly to the sources....

[Sly]

Originally Posted by Relentless

Gossip rags make sense in mainstream because you can't get a hold of A list celebrities to find out what happened. In adult, everyone is just a Skype message, phone call, facebook message, email or show meeting away. So why wouldn't you just go directly to the sources....

The truth is rarely as exciting as... gossip.

[Relentless]

Originally Posted by Sly

The truth is rarely as exciting as... gossip.

Yes... but the truth is a lot more useful.

[Robbie]

Relentless...I'm not arguing or anything.

I just wonder why people always seem to be compelled to do a drive-by in a thread...insinuate that they know something, but then never say what they know.

If you know that Mike South doesn't have access to the same info that you have...why not just say that?

"I have knowledge...that I am not at liberty to disclose...that Mike South does not have access to. And knowing what I know, I can tell you that the story isn't correct"

Just seems a lot more of a civil way to conduct one's self. Especially if you dislike what Mike is doing on his website. Why lower yourself to what you perceive as his level?

[Relentless]

Originally Posted by Robbie

Relentless...I'm not arguing or anything. I just wonder why people always seem to be compelled to do a drive-by in a thread...insinuate that they know something, but then never say what they know. If you know that Mike South doesn't have access to the same info that you have...why not just say that?

I know how to contact JT directly. I know how to contact Clement or Mark or pretty much anyone else directly. I am pretty sure you know how to do that as well. I would expect Mike can also contact these people, but he chooses not to because the truth is not his goal. If the truth is your goal, it's easy enough to find it yourself.

Just seems a lot more of a civil way to conduct ones self. Especially if you dislike what Mike is doing on his website. Why lower yourself to what you perceive as his level?

I don't mind what Mike does on his website most of the time, but when he started saying patently false things to smear Mark... that pissed me off. Now he is giving inaccurate impressions of other companies and their relationships. "Sometimes somewhat accurate" is fine for gossip columns when it's flattering non-stories or when it doesn't affect the business or home life of other people. However, when you start throwing stones, it's best to be throwing them with accuracy.

[Mutt]

Does Ruseful have its own merchant accounts or uses Epoch/CCBILL? I am assuming that Ruseful retains control over payment processing for its sites.

I wonder if Mindgeek is providing the programmers/designs/editors so that all Ruseful has to do is produce content.

[edgeprod]

This article is actually reasonably close to what actually went down.

[Robbie]

Fair enough Relentless.

Mike has kinda put himself in a position that people who own the companies aren't gonna tell him anything.
I've always thought this should have remained a "Closed Business" and don't particularly like what Mike is doing these days (exposing the business to the general public).

Having said that, I still think that there are better ways for people to have discourse.

Like him or not, Mike has actually been in the PORN business a long time.
I don't think he should be doing the whole "porn journalist" route...but I guess it's better than the piracy and stealing route that so many of the people that you and I both know have done.

Anyway, just saying...I dropped myself down a few levels in my arguments with pirates on GFY.
At the end of the day, I had to realize that there was no way to change them. And I was only hurting myself by lowering my tone of discourse down to that level.

By no means do I think Mike is a bad guy like the aforementioned thieves. But I don't see how it does you any good to fight with him either.

And when a person comes in a thread and says that the story is full of wild inaccuracies without at least saying: "I know the truth, but am not at liberty to disclose it"...well then, it just kind of muddies the whole thing up in my opinion.

That's all I'm saying.

[Roald]

Originally Posted by fuzebox

Mindgeek is running VideosZ too? Fascinating

Isn't Videosz just buying any cross sale they can get and that's basically all there is to that story?

[mineistaken]

"Manwin is trading its massive traffic for 20% of the revenue the traffic generates. the management contract has a term of two years with the option to renew."

This statement would imply that manthief gets 20% only from the traffic they send. Which could not be true as 20% is way too low for revshare.

Maybe you meant 20% of all sales, not just sale that "their traffic generates".

[mineistaken]

Originally Posted by mikesouth

That was my immediate thought as well, just do an affiliate deal, but with this deal Mindgeek gets 20% of existing revenue as well...at a time when MindGeek/Manwin needs cash badly.....so it makes sense....manwin isnt picking up the tab for production, Manwin has no money to spend so all of these deals require no outlay from Manwin, just leveraging traffic for 20%...the way I see it JT made out well...In addition to the revenue he gets his pirated content removed from 90% of the tubesites....

Ok, that is what I thought. 20% of all revenue and not the revenue that their traffic generates.

Now the question is - how much extra traffic would the sites get? That is the most important number in order to decide who is the winner.

[mikesouth]

Originally Posted by Relentless

I know how to contact JT directly. I know how to contact Clement or Mark or pretty much anyone else directly. I am pretty sure you know how to do that as well. I would expect Mike can also contact these people, but he chooses not to because the truth is not his goal. If the truth is your goal, it's easy enough to find it yourself.


...

If you think I just pulled that outta my ass...yer an idiot....If you think I dont have sources INSIDE Manwin yer a bigger idiot....Feras Antoon has gone to great lengths to try to expose my sources, including planting false stories and other mis-info

As I have suggested many times before if you dont like what i write...dont fucking read it...I will be happy to block your IP if you just cant help yourself....

[DlxClem]

Originally Posted by Roald

Isn't Videosz just buying any cross sale they can get and that's basically all there is to that story?

[TROLLENSTEIN]

The article, as Dom has already pointed out above, is 99% of what the deal concerns. JTs content was made for Tubes. It performs best on Tubes. The affiliate side was "doing his head in". Biggest problem with having wildly popular content is... dilution. This deal helps solve that problem, and at the same time further increase (yes, I know this seems a paradox to some!) the control JT has over his content on the big Tubes while removing the headache of managing the affiliate side of things. Seems like a great deal for JT too me.

(* - The other 1% (actual $$ amounts etc) will, obviously, only be known between JT and Manwin. As it should be.)

[edgeprod]

Originally Posted by mikesouth

If you think I just pulled that outta my ass...yer an idiot....If you think I dont have sources INSIDE Manwin yer a bigger idiot....Feras Antoon has gone to great lengths to try to expose my sources, including planting false stories and other mis-info

As I have suggested many times before if you dont like what i write...dont fucking read it...I will be happy to block your IP if you just cant help yourself....

He is reacting to the misinformation and pattern of such. Whoever is advising you from the "inside" must be a janitor or a secretary, based on the content and timing. You actually came pretty close on some things, but it's still fairly apparent that you're on the outside looking in.

[Kenny B!]

Originally Posted by Roald

Isn't Videosz just buying any cross sale they can get and that's basically all there is to that story?

Shut up with your facts and common knowledge, they have no place here.

[edgeprod]

Originally Posted by Kenny B!

Shut up with your facts and common knowledge, they have no place here.

[kittykatt]

[The Porn Nerd]

Originally Posted by TROLLENSTEIN

The article, as Dom has already pointed out above, is 99% of what the deal concerns. JTs content was made for Tubes. It performs best on Tubes. The affiliate side was "doing his head in". Biggest problem with having wildly popular content is... dilution. This deal helps solve that problem, and at the same time further increase (yes, I know this seems a paradox to some!) the control JT has over his content on the big Tubes while removing the headache of managing the affiliate side of things. Seems like a great deal for JT too me.

(* - The other 1% (actual $$ amounts etc) will, obviously, only be known between JT and Manwin. As it should be.)

How will this help with "dilution"? I ask as someone who controls some very popular content. Isn't Ruseful's content still going to be on every tube site everywhere? Or will Mind Geek do everything it can to keep Ruseful content off other tubes?

[Paul]

Originally Posted by The Porn Nerd

How will this help with "dilution"? I ask as someone who controls some very popular content. Isn't Ruseful's content still going to be on every tube site everywhere? Or will Mind Geek do everything it can to keep Ruseful content off other tubes?

JT made a post on this forum about this a month ago, he said he had signed an exclusive deal with Mind Geek.

Originally Posted by Relentless

I'm not a gossip columnist. I post a very small fraction of what I have access to (and only with permission), which is a large part of why people are comfortable providing me with access. My suggestion is that if you have questions... ask JT or Clement or Mark or any of the other people gossiped about in these stories. You have more accurate sources than Mike, and you have no reason to seek headlines by conflating the information with hyperbole to gain page views when those sources provide info to you.

Gossip rags make sense in mainstream because you can't get a hold of A list celebrities to find out what happened. In adult, everyone is just a Skype message, board post, phone call, facebook message, email or show meeting away. So why wouldn't you just go directly to the sources....

Well said!

Why am I not surprised that the OP has attempted to spin something positive and mutually beneficial for two leading companies into a negative.

To even call this a "story" is comical, 271 words...

[iwantchixx]

Originally Posted by Robbie

I've always thought this should have remained a "Closed Business" and don't particularly like what Mike is doing these days (exposing the business to the general public).

I'm sorry but we are not some social secret club, we are an industry of businesses that at last check, should be treated the same as any other business (unless you want to regress to mob-era control or worse, Jason Forest-level corruption behind closed doors). I'm glad these adult industry news sites exists, keeps at least SOME stuff transparent.

Industries all have their own news and release outfits sharing business deal news and at best, keeping playing field level. No different than Business Insider, Time, Cnn, etc.

[OldJeff]

Mike:

Take off your clothes and stand in front of a full length mirror:

Now repeat after me,

My pee pee is big enough

I do not need to troll the successful

I do not need to pretend I am important

I do not need to have my blogger friends submit fluff pieces to major media outlets that they are successful enough to contribute to

If I work hard I might actually achieve success at something

No one cares who Manwin partners with, or what the deal is

My pee pee is big enough

You will feel better once you can get past your weird obsession, maybe a 12 step program ?

[Evil Chris]

This thread just jumped to a therapeutic level.

[fuzebox]

Originally Posted by OldJeff

Mike:

Take off your clothes and stand in front of a full length mirror:

Now repeat after me,

My pee pee is big enough

I do not need to troll the successful

I do not need to pretend I am important

I do not need to have my blogger friends submit fluff pieces to major media outlets that they are successful enough to contribute to

If I work hard I might actually achieve success at something

No one cares who Manwin partners with, or what the deal is

My pee pee is big enough

You will feel better once you can get past your weird obsession, maybe a 12 step program ?

[edgeprod]

Mike, what you don't know could fill a blog ... Oh, wait; it already has.

[kittykatt]

Originally Posted by OldJeff

Mike:

Take off your clothes and stand in front of a full length mirror:

Now repeat after me,

My pee pee is big enough

I do not need to troll the successful

I do not need to pretend I am important

I do not need to have my blogger friends submit fluff pieces to major media outlets that they are successful enough to contribute to

If I work hard I might actually achieve success at something

No one cares who Manwin partners with, or what the deal is

My pee pee is big enough

You will feel better once you can get past your weird obsession, maybe a 12 step program ?

[DWB]

Originally Posted by Relentless

There are a few factually inaccurate things in that 'story' for sure. It's not as bad as the ridiculous lies he posted about Mark, but it's wildly inaccurate nonetheless.

Originally Posted by edgeprod

This article is actually reasonably close to what actually went down.

You monkeys need to get your stories straight.

[edgeprod]

Originally Posted by DWB

You monkeys need to get your stories straight.

You didn't get it -- he's so far off of the mark usually, this wasn't pulled entirely out of his ass.

[Robbie]

Originally Posted by DWB

You monkeys need to get your stories straight.

That's cause the ONLY people who know the real "story" are JT and whoever the hell runs Pirateville...er, I mean "MindGeek"

Everybody else is just guessing (including Mike).

Makes for good board drama I guess. But as I said before...I prefer a closed business.

iwantchixx told me that I was wrong about that.
Do all other businesses have blogs that basically make them look like the biggest pieces of shit in the world to the public?
Really?

My brother is a car salesman for instance. I know what goes on behind the scenes of a person buying a new or used car. It's incredibly crooked and shady. But you don't see the auto industry writing huge blogs for the general public to read revealing the art of the "deal" to the general public.

You don't see Google employees writing blogs that tell all about the inner workings of Google. That is about as secret as it gets. lol

NO industry gives out it's secrets. NONE. Even fucking KFC keeps the Colonels recipe in a locked vault.

That's what I meant when I said I think this should remain a CLOSED BUSINESS. Has nothing to do with the mafia or any other dumb cliches.
It's just good business to NOT let out all industry secrets to the general public.

I don't think that the kind of stuff that Luke Ford used to do or that Mike is doing now helps anybody (except the people writing it because it brings traffic and ad money).

And they certainly hurt the business overall by giving the public the perception that we aren't worth spending their money on (as if full scenes for free all over the place wasn't already enough to keep them from spending money on porn)

[DWB]

Originally Posted by Robbie

But as I said before...I prefer a closed business.

I don't know about totally "closed," but for sure, much, much, much more difficult to get into. When the bar became non-existent, that was the beginning of the end and the start of total devaluation of the product. The bar should be very high and you should have to work your ass off to be able to be involved. I'm also in favor of showing up to someone's office with a ball bat if they don't pay you.

[Robbie]

Originally Posted by DWB

I don't know about totally "closed," but for sure, much, much, much more difficult to get into. When the bar became non-existent, that was the beginning of the end and the start of total devaluation of the product. The bar should be very high and you should have to work your ass off to be able to be involved. I'm also in favor of showing up to someone's office with a ball bat if they don't pay you.

I didn't mean closed to opportunity.

I meant...closed to revealing what's behind the curtain.

Google doesn't let ANYBODY give out their secrets. Just ask an SEO guy about Google algorithms...nobody really knows shit. lol

Or the formula for Coca-Cola. It's a secret, kept in an actual physical vault.

We create FANTASY. People should think that a porn star girl actually wakes up in the morning wearing perfect makeup and high heels and ready to fuck.
Everything we do to pull the curtain back and reveal how things work destroys the very thing we are trying to sell: A sexual fantasy.

That's what I mean.

Our industry gives out it's own secrets of business.

Look back at The Beatles for instance. When they came out, everybody thought that they all lived together in some kind of clubhouse and wrote songs all day while they ran from screaming hordes of women. lol
That was pure GENIUS of marketing.

Nobody in their organization was allowed to go to the press and tell the reality behind the scenes. It would have been a dumb move.

And I am of the opinion that it's a dumb move to pull back the curtain on our industry to the general public.

Just not aware of any other industry that does that to itself.

[rabbit]

Originally Posted by DWB

I don't know about totally "closed," but for sure, much, much, much more difficult to get into. When the bar became non-existent, that was the beginning of the end and the start of total devaluation of the product. The bar should be very high and you should have to work your ass off to be able to be involved. I'm also in favor of showing up to someone's office with a ball bat if they don't pay you.

well, isn't that the end result? sure, it costs almost nothing to start in adult, but at the same time fairly hard to be profitable and 'make it'. Free market is the way to go