It's improving and revenue is still there. "The business is still growing - knock wood. "I think the stronger companies will continue to survive and grow," said Michael Klein, President of LFP, Inc. And while it seemed as if that spree would go unchallenged, Larry Flynt recently started flexing his company's muscle to offer some competition.
#AVN STARS SHUTTING DOWN FOR FREE#
Manwin, owner of several so-called 'tube' sites that stream porn clips for free (think YouTube – only with hardcore pornography rather than "Gangnam Style"), continues to buy up studios. Part of the reason for that is the ongoing consolidation among porn companies – which limits the number of companies who might have a presence at the show. Attendance at the industry's annual trade show was down 8 percent last year – and floor space for exhibitors was reduced by almost 40 percent. The AVN Awards (the so-called "Oscars of porn"), for example, will feature entertainment by normally family-friendly Cirque du Soleil.įor an industry that's striving for some mainstream acceptance, though, porn's problems are growing – and the AEE is a good indicator of that. The mainstreaming of the industry seems to be one of the themes of this year's Adult Entertainment Expo, which starts this week.
(Read more: The Dirty Dozen: Porn's Most Popular Stars) And new revenue streams are starting to fill in the gaps created by the downturn in traditional video. Thanks in part to the incredible success of "Fifty Shades of Grey," mainstream America is more curious and open to the industry.
The industry, estimated to make roughly $14 billion per year in revenues, is in the midst of transition. Despite that, industry insiders are upbeat about 2013.
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