VOD Revenue Climbs at The Erotic Networks
Parent New Frontier Media Posts 35% Revenue Growth
By Steve Donohue -- Multichannel News, 6/5/2007 1:27:00 PM
The Erotic Networks parent company New Frontier Media said it saw revenue jump 35% to $63.3 million for the full year ended March 31.
The company posted $12.3 million in net income, up from $11.3 million for the 2006 fiscal year.
New Frontier said revenue at its pay TV group -- which includes The Erotic Network, Pleasure, TEN Clips, TEN Xtsy, TEN Blue, TEN Blox, TEN Max and Ten On Demand -- increased 1% for the quarter ending March 31 to $11.2 million.
While pay-per-view revenue in the TV group declined 4% to $5.5 million, the company said video-on-demand revenue increased 10% to $5.3 million.
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