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It's not making money. It's recouping losses due to some ignorant douche-drinker giving away your expensive content to thousands of freeloading sacks of cunt, and thusly decreasing the value of your members area.
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tube sites are just for the porn industry what mp3 and divx were on peer 2 peer networks a few years ago... MPAA and RIAA fought it b4 turning it into new media sales.
You can either see tube sites as a threat or as an opportunity.