Many industries complain that new government regulations are bad for business; now, we're hearing it from the adult film biz. A proposed L.A. city regulation to require porn actors to use condoms has adult film makers threatening to leave Tinseltown -- and to take the lion's share of an $8 billion-a-year industry with them.
Think twice about tweeting Tuesday. A vulnerability on the Twitter.com web site is infecting users who merely mouse over malicious tweets, according to security experts. The hack sends some users to porn sites.
After much criticism about its capriciousness, Apple has published new guidelines to help developers know what sort of apps are likely to get approved or rejected. Sounds good. But if anything, they only add to the confusion.
Playboy Enterprises is downsizing again as it continues its transition from a lifestyle and media business into a brand-management company. The company expects to save more than $3 million annually.
FriendFinder Network, formerly known as Penthouse, needs money fast. The weight of hundreds of millions of dollars of debt has prompted it to turn to public capital markets. It%u2019s a desperate move -- in fact, the same move the company made a year ago under the same circumstances.
Porn DVD sales are off nearly 50% from their peak in 2006, when they hit nearly $4.3 billion. Reports from the annual Adult Entertainment Expo in Las Vegas confirm the industry is feeling the effects of the economic downturn.
The porn business is going to keep its elbow room. A petition by an AIDS advocacy group to require that adult film companies use condoms when shooting movies has been denied by a Los Angeles judge.
Playboy Enterprises Inc. (PLA), whose shares tanked Wednesday after a planned sale of the adult media empire collapsed, has one of porn's biggest executives in its corner. Bill Asher, the co-chief executive of the world's largest adult video producer, Vivid Entertainment Group, tells DailyFinance that he now owns 1 million shares of the company of the company Hugh Hefner founded more than 50 years ago.
Time may be running out for Playboy Enterprises. A deal has fallen apart to sell the publisher of the iconic men's magazine to Iconix Brand Group, owner of London Fog and Danskin. Iconix determined that "it would be too complicated to separate the Playboy brand from the company's other assets."
