Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world Elementary Public Relations Consulting and Press Release Service

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!

Brea Bennett at Twistys

April 01, 2003 09:19am
Private Announces Record Revenues 2002
Source: Private Media Group Inc.
by: Company Press Release

(BARCELONA, SPAIN) -- Private Media Group Inc.(Nasdaq:PRVT) a worldwide leader in premium-quality adult entertainment products, services and Internet content, is pleased to announce record revenue of EUR 39.4 million for the year ended December 31, 2002. Net income for the year was EUR 0.3 million including a charge of EUR 1.6 million related to the postponed equity offering in January of 2002.

Broadcast sales for the year ended December 31, 2002 jumped 45% to EUR 4.1 million and DVD sales for the year ended December 31, 2002 increased 30% to EUR 15.5 million. Internet sales fell 22% to EUR 6.1 million in 2002 compared to the year 2001. In addition magazine and VHS sales fell 15% to EUR 13.8 million versus 2001.

Charles Prast, President and CEO commented: "2002 was a very poor year for media companies world-wide. Despite the tremendous downturn in the media market, Private was profitable across all our lines of business. With the expectation of a favorable equity offering in the first quarter of last year, Private had begun investments in a number of exciting new ventures to ensure our profitable growth in new avenues of distribution. These projects included mobile content and services, at home DVD rental, content for Personal Digital Assistants, broadband distribution, and our new on-line shop. Despite the general media environment and limited capital resources, Private completed work on all these ventures in 2002. In addition we grew our substantial film library by over 25%, maintaining our position as a leader in quality hard-core entertainment. Lastly, we undertook a tremendous restructuring of our New Media division which had been suffering from both underinvestment in technology and poor managerial controls. To have launched all of these exciting new projects, maintained the growth of our library, and restructured our on-line business in a year marked by both major turmoil in the media sector and a failed secondary offering is a testament to the strength of Private and our employees."

"We are very excited about the potential for bottom-line contribution from all of these new projects in 2003 and expect continued high growth in DVD and broadcast sales as we enter new markets. The bulk of our restructuring efforts in New Media are over and we have already started to see the benefits through a sharp rise in e-commerce receipts and lower SG&A. We continue to work to ensure that Private remains the adult content partner of choice for blue-chip digital distribution companies and the product of choice for millions of consumers worldwide." said Mr. Prast.

(Statistics redacted)

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, broadcasting and wireless technologies. Private owns the worldwide rights to the largest archive of high quality adult content in the world, which it distributes physically in over 35 countries and digitally worldwide. For more information on the company, go to PRVT.com.

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.

For further information about Private Media Group, please contact:

Norman Bell
Alejandra Moore Mayorga
Phone: + 34 93 590 70 70
+34 91 531 23 88
+34 670 799 335

Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world

Related Stories

Related Sites - WARNING! Graphic Content


See BiBi Jones at Digital Playground

Top Stories

MWA: 09/11/15

Richelle Ryan Naked Yoga

Morgan, Lindemulder Headline Exxxotica

A French Documentary Like No Other

Night at the Erotic Museum

Hill and Howard Raw

Taboo is Delicious

Night, Rai, Moore, on Inside

Candida Royalle Passes

Cindy Starfall Appearances

Priya in NYC

More w/Mo Celebrates 100

Angel, Albrite AVN Awards Hosts

The Upward Trending Trannie

Elizabeth Bentley Hits Circuit

Tony Batman to Big Easy

Cleopatra Dead

Introducing Bitcoin Porn Sites

Candidate Sex Tape Scandal

Donald Trump Porn Parody

Savana Styles Available

MWA: 08/15/15

Sex with Donald Trump

MWA: 08/17/15

Ashley Sinclair Sex Tape

MWA: 08/12/15

Mercedes Carrera NightMoves Nom

Allie Haze in Columbus

Vivid NYC Nommed

Maryjean on Ink Master

ChargeSavvy at ED Show

Rock'N'SeXXXyu Radio This Thurs

NightMoves Calls for Sponsors

Stories From

Business News

Savana Styles Available

ChargeSavvy at ED Show

Driller Signs The Rub

NightMoves Calls for Sponsors

Casting Call

ABK Beta Users Free

OC Signs Darcie Dolce

Brittany is Back

Dollie Darko with 101 Modeling

Mercy West Available

The V Agency Joins LATATA

Sin Claire with Foxxx

New Smash VP Wyatt Case

Epoch Club Special Event

Ink Inks OC, The Rub

XBIZ 2016 Announced

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

FSC Burdens Performers

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).