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Depends on how long and deep any recession actually is. Online porn did fine in 2001 but that was a short and shallow recession and there was a background of massive growth for the industry already.
2001/2002 were actually the worst revenue numbers for Playboy in the past 10 years and very poor profitability for the company also. I don't think there is much to conclude there though because there is the difficulty of separating the new online competition Playboy has been facing.
Given high energy and food prices, the drop in home values, maxed out credit cards and the credit crunch I think a protracted recession (IF longer than 8 months) could hit us pretty hard. Maybe a loss of sales of as much as 10%.
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