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Here's the story/gossip. They lost the US distribution rights to Private Media's product. That would hurt!
The video porn biz is a disaster, only a handful of people who aren't also in the Internet biz in a serious way are making money.
Gotta love Dave Cummings. Somebody asked him why does he keep making porn flicks if the money isn't that good. He replied something like 'Great way to get laid!'.
> Odyssey Video is bankrupt. Staff were told last Friday, and the court
> filing can come any day now. Word on the street from astonished staff is
> that the straight porn side just collapsed and lost truckloads of money
> after Private took away their license to distribute Private's stuff in the
> U.S. The gay porn side was making money ("Ruffin' It" did well, it's
> said), but it wasn't enough to support the rest of the company.
>
> There's a rumor going around that Odyssey's remaining owner -- who is gay
> -- just didn't want to continue with the company any more once his lover
> (and co-owner), Bob Tremont, died. Since neither man was into porn that
> much (they both had outside interests and jobs that occupied their time),
> Odyssey soon became the bastard step-child. With Tremont gone, the studio
> collapsed...and the remaining owner (whose name I do not know) just wasn't
> willing to devote any time, energy or cash to keeping it afloat.
>
>
>
>
> Tim
> *sigh*...there goes another one...
>
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