[quote=Allan from Fallbrook]There’s porn on the internet?!?[/quote]
Economist just reported that this recession is especially hard on the porn industry. If the Valley used to make 5,000-6,000 films a year, it now makes perhaps 3,000-4,000. A young woman might have charged $1,000 for a straight scene before the crisis, but gets $800 or less now. Men are worse hit. If they averaged $500 for a straight scene in 2007, they are now lucky to get $300.
Internet is to be blamed for the slow down, with its copious free clips, is an increasingly viable alternative to the paid stuff.
As a contrarian investor, I think for those who missed the auto and homebuilder price appreciation since March needs to seriously look at the porn business. After all, the demand will never go away, with the economy recovering, people can again rush back to quality.
