Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
EXPO 2015, August 23-26, New Orleans

Front Page
Film News
Media News
Business News
Clubs & Appearances
Law & Politics
Internet & Mobile News
Lifestyles Arts Health Charity
Letters to the Editor
Movie Spotlight Reviews
Pornstar Pages
AINews Staff
Ad Rates
PR 101: Press Release Service

Caliente Nudist Vacations!

Club Jessica Jaymes - Official Website

November 13, 2002 09:33am
Private Media Group Reports Third Quarter Revenues of Eur 11.1 Million
Source: Private Media Group Inc.
by: Company Press Release

(BARCELONA, SPAIN) -- Private Media Group Inc. a worldwide leader in premium-quality adult entertainment products, services and Internet content, announces revenues of Eur 11.1 million for the three months ending September 30, 2002, compared to Eur 9.0 million for the same period last year. Net income for the period was Eur 1.5 million compared to Eur 2.2 million for the comparable period last year.

The increase in revenue for this period has been achieved by continued growth in sales in Video and Magazines, DVD and Broadcasting. Video and Magazine sales increased 39% to Eur 4.0 million, DVD sales increased 18% to Eur 4.4 million and Broadcasting sales increased 158% to Eur 1.4 million for the three months ended September 30, 2002. The increase in Video and Magazines, DVD and Broadcasting sales was offset by a decrease in Internet sales of 29% to Eur 1.3 million as a result of the transition to a new technical platform and consolidation of marginal URLs. The reduced high margin Internet sales was the primary reason for the decline in Net income versus the comparable period last year.

Charles Prast, President and CEO commented: "Despite a comparative drop in net income versus the third quarter of 2001, we remain very optimistic about the strength of our business for the end of 2002 and 2003. Our selling, general and administrative costs fell over 10% versus the preceding quarter, showing that our efforts to focus the business are paying off. In addition, despite a morose media market, our sales of magazines and videos, DVDs and broadcast licenses have increased dramatically."

Mr. Prast continued: "While we would have liked to record a faster turn- around of our on-line businesses, our strong growth in Broadcasting and physical product sales show that our high-quality content and brand are growing in popularity world-wide. Our Broadcasting revenues are generated with only marginal costs and, although the high growth comes from a low level, it validates our strategy of building relationships with digital platforms. In addition, we are leveraging this increase in brand-awareness through several new initiatives including premium mobile-phone content, the first full video and entertainment cards for Personal Digital Assistants, our PrivateAtHome.com on-line DVD rental service, and a re-launch of our e-commerce portal including an affiliate program for webmasters. All of these initiatives have been developed over the past six months and we expect they will contribute to our bottom line starting in early 2003. We remain enthusiastic about prospects for our business going forward both in terms of traditional sales and our entry into new consumer markets."

[Statistics Redacted]


This release contains, in addition to historical information, forward- looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgments of those issues. However, because those statements are forward-looking and apply to future events, they are subject to such risks and uncertainties, which could lead to results materially different than anticipated by the Company.

About Private Media Group

Private Media Group is a leading global adult entertainment company that distributes its content over a wide range of media platforms, including narrow and broadband Internet, DVD and video, magazines, TV broadcasting as well as wireless technologies. Private owns the worldwide rights to the largest archive of high quality adult content in the world, which it physically distributes in over 35 countries.

For further information about Private Media Group, please contact: Andre F. Ribeiro of Private Media Group, +34 679 983 772, Andre@private.com; or Alejandra Moore Mayorga, +34 91 531 23 88 or +34 670 799 335, AMoore@GrupoAlbion.net.

Source: Private Media Group Inc.

Related Stories

Related Sites - WARNING! Graphic Content


See BiBi Jones at Digital Playground

Top Stories

MWA: 05/22/15

Amateur Allure New Lines

Sin Claire with Foxxx

Adult's Achilles Heel

AHF's Hidden Agenda

New Smash VP Wyatt Case

Ink Inks OC, The Rub

National Porn Star Day

Pistol, Ross Talk Condoms

XXX Casting Call

Direct Reps Harper

AJ Applegate Available

Emma Marx: Boundaries ~ Reviewer Rated

Strippers Ready for Baseball

MWA: 05/04/15

RAW Signs Sasha Bradshaw

Modern Comstockery

Nikki Phoenix Appearance

Rock’N’SeXXXy Welcomes Billy Blair

Karaoke XXX Needs New Location

Jane & Ward Hosting XRCO

SashaBrabuster's XXX Comeback

Control ~ Reviewer Rated

XRCO 2015 Nominees

A Leaner Message

MWA: 02/26/15

50 Shades of Grey ~ Cinema Seen

XRCO 2015 Hall of Fame

Interview with Ela Darling

Derrick Pierce Interview

The News Rack: Naked Swingers

MWA: 02/07/15

Interview of Holly Heart

ED Expo to Big Easy

Stories From

Business News

Sin Claire with Foxxx

New Smash VP Wyatt Case

Ink Inks OC, The Rub

RAW Signs Sasha Bradshaw

Direct Reps Harper

SashaBrabuster's XXX Comeback

AJ Applegate Available

Freedom Acres Open House

Global Adult Industry Association

Tod Hunter Press Releases

Cumisha Amado at Sagebrush

J.Lo Doc Johnson Offer

Passport to Hustler Event

Advertise on AINews

Freedom Acres Location

Nina Elle Retains Star Factory

Karen Summer Returns

She's Judas & Available

Camming Con Moves Dates

Exquisite Distributes DDF

Cherie Deville Returns

Roxanne Rae Available

Cherie Deville Available

Maryjean Available in LA

Alicia Silver Productions Content

Thomas Bagley Outed Belle Knox

Casting Call for 'Operation: Outdoors'

Mission Control Open House

Cherie Deville in LA

PASS Holiday Schedule

Santa Susana Pass Location

Sure Fuck Clothing Line

Nadia Night With Lucky Devil

Richelle Ryan Available

LATATA Responds to FSC

FSC Burdens Performers

Online Dating Summit Curacao

Tanya Tate Action Figure

Cam Studio Rental Rates

Sportsheets ILS Blitz

Fantasy Lingerie Storerotica Noms

New Networking Event

Crowdfunding for Adult Entertainment

Jack Hammer Coming Back

Jodie Stacks Available

TES Early Bird Price

XBIZ Executive Awards

June SCCC Mixer

Von James Hires Rub

Entertainment Equipment Floaters

AEE/ANE Seminar Schedule

Mia Gold Available

Topco StorErotica Nom

NS Novelties Storerotica Noms

Baci Announces New Distributor

Sliquid Fifty Shades Collection

Zolo StorErotica Nom

ECN StorErotica Noms

Sliquid StorErotica Noms

Obamacare Expert Randy Limbeck

SLS at Mister Leather

Barcelona Trade Show

Sensuva StorErotica Nom

SLS StorErotica Nom

Angel Del Rey New Pictures

Kira Lake New Pictures

RingO Ranglers Nominated

CB-X Nommed For 2

PHS Nommed StorErotica Awards

Good News From Lallasa

May is Masturbation Month

Kira Lake Available

OCM Rub Valentine

Sin City Chamber April Event

Crystal Delights Creates Trophies

AINews New Look

Business News Section Index

Copyright © 1998 - 2015 Adult Industry News (AINews.com)
All materials constituting text, articles, press releases, stories, columns, photographs, graphics, and code on the AINews.com domain are protected by copyright, and either owned by Adult Industry News (AINews.com), or reproduced with permission from other copyright owners. It may be downloaded and printed for personal reference, but not otherwise copied, altered in any way, or transmitted to others, without the written permission of Adult Industry News (AINews.com).