New Frontier Media Discusses Competition in the Porn Market (NOOF 3Q05 Conf Call Quotes)

Pornographic movie firm New Frontier Media (ticker: NOOF) CEO Michael Weiner and CFO Karyn Miller discussed competition in the porn market on their November 3rd conference call. NOOF's revenues were down 0.6% year-over-year.

...we are seeing some temporary softness in our VOD business as a result of competitors' services being launched on additional systems. However, we are observing some positive trends in pay-per-view, where we expect that over the coming months one or more operators will materially expand distribution of some of our services. We believe that pay-per-view may have a more durable role in the market than some observers have predicted.

…The Pay-TV Group's VOD revenue declined 7% to $4 million in the second quarter of the current fiscal year from 4.3 million for the quarter a year ago. Currently we provide for VOD content to 20.6 million VOD enabled customers, up from 14.2 million a year ago and to 699,000 hotel rooms in the U.S. Revenue declined from a quarter a year ago due to the addition of competition from the Time-Warner VOD platform, as well as to On-Demand [inaudible] directly for a portion of their platform combined with a loss of hotel rooms served by On-Demand. The decline of VOD revenues from competitive content being added to these platforms was partially offset by revenues from new launches of Adelphia and Comcast.

(Quotes are from the CCBN StreetEvents transcript.)

Related:

• A list of FULL conference call transcripts available on the Seeking Alpha Network.
• All Media Stock Blog articles on New Frontier Media.
• The complete list of media stocks covered by The Media Stock Blog.