Home > News > Private Media Group Announces Third Quarter Profits • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Private Media Group Announces Third Quarter Profits

Private Media Group Announces Third Quarter Profits
Get XBIZ News
Nov 15, 2004 11:30 AM PST    Text size: 
BARCELONA, Spain — Adult entertainment company Private Media Group announced its third quarter financial results on Monday, revealing a net income increase of approximately $1.6 million.

The increase, which boosted the company’s net loss during the three months ending Sept. 30, 2003 to about $906,000 in profit during the same quarter this year, is attributed to a 37 percent increase in Internet sales and similar increases in DVD and broadcasting sales, according to the company.

“As third quarter figures demonstrate, I am pleased to see that our efforts made in Internet and broadcasting sales are paying off,” said Berth Milton, president and CEO of Private.

“Combined efforts with broadcasting, both in terms of carriage agreements as well as in terms of format and content, and the ongoing development of value-added retail distribution formats such as the Private Center at Zurich Airport, clearly shows the value attached to the Private brand and how it can be applied across all of our business segments,” Milton said.

In early October, the company signed a three-year deal with Pure Play which would increase the amount of movie titles that Private distributes a month in Europe by about ten. In turn, Pure Play has taken over all U.S. distribution for Private.

Private also launched a series of reality television show programs called “Private Stars,” this year. Due to the positive response for its pilot run, the group launched three follow-up shows in late September.

“Going forward, into 2005 and beyond, we expect overall sales to increase, in particular in Internet and broadcasting, but also in DVDs as a result of our new European distribution agreement with Pure Play Media,” Milton said.

According to Private, the company made approximately $7.38 million in DVD sales during the third quarter of 2004, an increase of 29 percent over 2003 figures.

However, Private’s video sales experienced a decline of about 39 percent, dropping video revenue to about $1.4 million.

Broadcasting sales increased by more than half this year and now represents about $1.6 million of the company’s profit, which Private attributes to the launch of the Private Fantasy Channel, a new North American Pay-Per-View satellite and cable television channel unveiled in February 2004.

The company is publicly traded on the Nasdaq under “PRVT.”

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

PROFILES & BIOS

Naughty America CIO Places Focus on Innovation

Naughty America is one of adult entertainment’s venerable brands. The company, going on 16 years in business this year, can easily be called a “powerhouse” purveyor of porn by the number... More »

Cam World: Q&A With Studio 20’s Andra Chirnogeanu

One of the blue-ribbon studios in the cam biz is Studio 20, which is now a global brand, with locations on both sides of the Atlantic — from Romania to Hollywood, Calif. Of course, with every strong... More »

Cam World: Model of Month Jenny Blighe Is Red-Hot

Have you found out about MyFreeCams sensation Jenny Blighe, the fiery Arkansas redhead? For the past four years, Blighe’s been camming on an almost-daily basis on MyFreeCams, building a loyal fan... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ World magazine, the industry's leading e-commerce trade publication, delivering in-depth coverage of the online, mobile and ancillary digital markets.

UPCOMING EVENTS

The European Summit

Mar 04 - Mar 07
Barcelona-Sitges, Spain

The TEA Show

Mar 05 - Mar 06
Hollywood, CA

Phoenix Forum 2017

Mar 23 - Mar 26
Tempe, Arizona

EXXXOTICA Denver

Mar 31 - Apr 02
Denver, CO.
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!