03-14-2014, 10:03 AM
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Confirmed User
Industry Role:
Join Date: Aug 2007
Posts: 6,697
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Quote:
Porn is not recession-proof.
Like many other industries, the adult entertainment business did not exit the Great Recession unscathed, but, rather, it's been hobbled by the events of the past four years.
Some estimate that the projected $10 billion industry -- once thought to be largely impervious to economic downturns -- has lost about 40 percent of its sales base. The reining in of consumer spending combined with Napster-like offerings of free adult content on the Internet contributed to the sharp decline, says an executive for industry trade news site XBIZ.
Locally, those trends played out in a 23 percent drop in revenue from 2007 to 2011 for Boulder's New Frontier Media Inc., a firm that produces and distributes adult content.
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http://www.denverpost.com/business/c...frontier-media
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