03-16-2014, 10:19 AM
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Confirmed User
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Join Date: Aug 2007
Posts: 6,697
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Quote:
This time in the adult industry, though, it may be different, partly because of the current conditions and partly because of the drift by consumers toward new options.
?They are definitely struggling,? said Jack Kyser, an economist with the LACEDC. ?They are subject to piracy like the mainstream industry is, and that siphons revenue away. Then there are a lot of amateurs in the online industry, which is growing rapidly, and they don?t charge for it.
?The industry is really seeing a change in their business model.?
AVN Media Network, the most prominent overseer of the business, publishes trade publications for the adult entertainment industry and puts on trade shows. Paul Fishbein, chairman of AVN, is entering his 27th year in the business, ?and this is the first time I can honestly say the adult business is not recession-proof.?
?Everybody I?m talking to says the business is down anywhere from 20 to 30 percent,? he explained. ?That?s in line with the rest of the economy. People in the retail sector are down anywhere from 10 to 40 percent.?
Why buy the cow ...
While the recession has something to do with it, Fishbein said, the availability of cheaply made adult fare online is cutting into the cash flow for traditional outlets and establishments.
?There?s enough free porn on the Internet that, if you don?t care about quality, you can get what you want,? Fishbein said. ?Plus the DVD business put out 13,000 new releases last year. That?s just too much.
Slideshow: Celebrity Sightings ?There?s too much stuff out there. The economy is bad. And there is a lot of free porn. So it?s a perfect storm that is affecting everybody?s business.?
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http://www.today.com/id/28737244/ns/...mping-economy/
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