03-16-2014, 01:43 PM
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Confirmed User
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Join Date: Aug 2007
Posts: 6,697
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Quote:
SAN FRANCISCO ? The adult-entertainment industry is in a tailspin, shattering the notion that it is one of the few recession-proof industries.
The slump is especially stinging because technology ? which helped adult-entertainment enterprises reap riches through innovations such as video streaming, webcameras and online payments ? is contributing to the misery.
DVDs and online pay sites, which make up the majority of porn-related sales, are in a free fall largely because of the rise of so-called tube sites.
Knockoffs of video-sharing site YouTube, the sites serve up snippets of free porn that is often pirated. (Google's YouTube has done its best to bar explicit content.)
Some 1,000 tube sites ? double those of a year ago ? have put a sizable dent in the estimated $13 billion porn industry, prompting a flurry of copyright-infringement lawsuits. Most tube sites run ads to make money.
"We're dealing with the perfect storm: declining DVD sales, rampant piracy, free content and a weak economy," says Steven Hirsch, founder of porn heavyweight Vivid Entertainment. He says its DVD sales plunged 20% last year. "This is the worst I've seen in this industry in 25 years."
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http://usatoday30.usatoday.com/tech/...orn02_ST_N.htm
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