Net revenue at The Erotic Networks parent New Frontier Media Inc. dropped 30%
to $36.7 million for its fiscal year ended March 31, with the company blaming a
66% revenue drop at its Internet group.
The good news: It saw C-band revenue decline by nearly $2 million, but its
cable/direct-broadcast satellite revenue jumped 9% to $21.4 million.
Boulder, Colo.-based New Frontier is a leading distributor of adult
entertainment via electronic platforms.