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Some of that drop was offset by a 7.8 percent rise in live interactive video revenue.
Furthermore, 63 percent of surveyed married individuals stated that they had never used Adult Friend Finder.Earlier this year, Lodge Net Interactive, which provided adult films and video games to hotels and their guests, filed for bankruptcy, partly due to Internet competition. The Friend Finder case is PMGI Holdings Inc, Case No. The same hacker is apparently responsible for the recent Turkish police server data dump.As for the future, Holland, in an apparent swipe at FFN, implied that the plastic-wrapped magazine isn’t going anywhere, though it appears that digital is getting the most attention for the time being."The Penthouse brand has enormous potential and undeveloped possibilities.(Reuters) - Maybe sex doesn’t sell that well after all. PK, publisher of Penthouse magazine and numerous adult-entertainment websites, filed for Chapter 11 bankruptcy on Tuesday. Under the plan, one group of noteholders will take ownership of the sex entertainment business, which traces its roots to the late Penthouse publisher Bob Guccione.The company, which sought to combine social networking and sex, said it had struck a deal with noteholders that will reduce its debt by 0 million if approved by the U. As is typical in bankruptcy, shareholders will likely be left with nothing.In 2010 the company offered to buy rival Playboy Enterprises Inc for 0 million. Friend Finder said the plan was supported by 80 percent of its noteholders but has not yet been put to a creditor vote.Bell and Staton, who resigned their executive positions with the company last year, each agreed to a 0,000 cash payment to end their consulting agreements with the company, according to court documents. Additionally, Adult Friend Finder ranked second in terms of adult dating site or app awareness in the United Kingdom, with 17 percent of surveyed individuals who reported that they knew it at least by name.A major data breach to the "sex and swingers" website Adult Friend Finder could trigger a series of follow-on hacks, security researchers have warned.