Amongst the industries struggling to navigate a path through the age of digital disruption are newspapers, and porn.
Slate's Jack Shafter ponders the possibility of iTunes for newspapers here.
The Atlantic's Tom Johansmeyer surveys the recent travails of the adult entertainment industry and glimpses the future: iPorn. Handy.
Relatively small, fragmented, and unaccustomed to outside
investment, the U.S. porn industry (which generated roughly $12 billion
in 2007) is somewhat buffered from today’s credit crunch, but it has
its own problems. Video sales have been falling by 15 percent a year
since 2005, and online content doesn’t deliver the returns it used to,
now that Web sites such as RedTube and PornHub basically give it away.
Struggling companies need investors to help right their operations, and
those that are thriving in a brutal market need funding for growth.
Enter Koenig and AdultVest. He sees the porn downturn as temporary
and believes that technological improvements will trigger a turnaround.
One example: iPorn, a start-up in AdultVest’s portfolio that is
developing an application to deliver porn to the Apple iPod. “The
industry’s not going anywhere,” Koenig says. “You’ve got 6 billion
people on the planet,” he laughs, “and they’re all horny.”