Porn companies challenged by Internet sites

So I just posted this Reuters story on my del.ici.ous links, but this is totally worth a cross-post. Seems the porn industry, like the entertainment industry, is not immune to the advent of UGC and the subsequent economic downturn caused by disruptive technologies either . Check it:

After years of booming sales supported by videotapes, DVDs and the Internet, the adult film industry is being challenged by easy video-sharing Web sites offering explicit content for free.

"We're dealing with rampant piracy, tons of free content," said Steven Hirsch, co-founder of privately held Vivid, the best-known studio making sex films.

Vivid once earned 80 percent of its roughly $100 million a year from DVD sales, but last year that fell to 30 percent, Hirsch said in an interview.

Entire article here.

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