Spanish authorities have concluded the trial of five individuals behind the RapidIPTV streaming empire, resulting in a plea deal involving reduced prison sentences and significant financial restitution.
Key Points
- The trial at Spain’s National Court ended after defendants pleaded guilty to intellectual property, market, and money laundering charges.
- Alleged mastermind Amir Z. received a sentence of just over two years, down from an initial request of 22.5 years.
- Defendants must pay €12 million in damages to a coalition of major media companies, including Netflix, Disney, and Warner Bros.
- Prosecutors alleged the group laundered €25.1 million through shell companies, cryptocurrency, and real estate investments in Iran and Spain.
- The illegal IPTV platform, which operated since 2014, utilized a network of 50 servers across 13 countries to serve two million subscribers.