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I've never been a fan of extensive watermarking of photos and video. To say that it protects their content is total BS. You don't hire a graphic artist to design a big fancy watermark to protect copyrights. It's for over branding with the goal of stealing affiliate traffic. Pure and simple.
A tiny text copyright watermark that gives the main non-porn company name is sufficent to notify there's copyright..... but that doesn't steal traffic from affiliates, so nobody is going to do it.
I personally won't promote anyone guilty of over branding. That's a serious traffic leak.
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