Running a pirate IPTV service can be extremely profitable. One only has to look at the extraordinary wealth accumulated by Bill Omar Carrasquillo, aka Omi in a Hellcat, to see that tens of millions of dollars can be generated by a successful operation.
Hanging on to that wealth is another matter, however.
After being raided in 2019, Carrasquillo not only faces losing every penny he made, but also the prospect of a significant custodial sentence. Quite how long is currently unknown. The details of his guilty plea are currently under seal but at least in financial terms, the prospects for other IPTV operators could be even more significant.
Nitro TV Attacked on Two Fronts
Pirate IPTV service Nitro TV is currently facing two massive lawsuits. One, filed in August 2021 by DISH Network, Sling and NagraStar, could be close to a conclusion. Despite the plaintiffs only claiming a fraction of the damages available to them under the law, Nitro’s operators still face a potential $100m…