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Some of that drop was offset by a 7.8 percent rise in live interactive video revenue.

Ezra Shashoua, the company’s chief financial officer, blamed the lower revenue on a drop in membership and increased advertising costs for affiliates, according to court documents.

In a move, philosophically counter to Playboy, newly-formed company Penthouse Global Media Inc.

(PGMI) has acquired the Penthouse brand, and all licensed assets from Friend Finder Network (FFN), an Internet-based social network, best known for its hook-up, dating and adult sites such as Adult Friend

Control of the company would go to Andrew Conru and Lars Mapstead, two noteholders who sold various social networking websites to Friend Finder in 2007.

Through a network of thousands of websites, Friend Finder provides live video, chat rooms, and photo and video sharing.

for 0m in 2007), with FFN filing for Chapter 11 bankruptcy in September 2013, after being delisted from the Nasdaq stock exchange for failing to trade for more than

Some of that drop was offset by a 7.8 percent rise in live interactive video revenue.

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Some of that drop was offset by a 7.8 percent rise in live interactive video revenue.

Ezra Shashoua, the company’s chief financial officer, blamed the lower revenue on a drop in membership and increased advertising costs for affiliates, according to court documents.

In a move, philosophically counter to Playboy, newly-formed company Penthouse Global Media Inc.

(PGMI) has acquired the Penthouse brand, and all licensed assets from Friend Finder Network (FFN), an Internet-based social network, best known for its hook-up, dating and adult sites such as Adult Friend

Control of the company would go to Andrew Conru and Lars Mapstead, two noteholders who sold various social networking websites to Friend Finder in 2007.

Through a network of thousands of websites, Friend Finder provides live video, chat rooms, and photo and video sharing.

for $500m in 2007), with FFN filing for Chapter 11 bankruptcy in September 2013, after being delisted from the Nasdaq stock exchange for failing to trade for more than $1.

The company went public in 2011, yet only raised less than $50m which the CEO attributed to investors being “prudish.” The company also endured a data hack of Adult Friend Finder in 2015, where the email addresses, usernames, dates of birth, postal codes, sexual orientation, gender, race and computer IP address of close 4m was put online via the Tor network.

.

The company went public in 2011, yet only raised less than m which the CEO attributed to investors being “prudish.” The company also endured a data hack of Adult Friend Finder in 2015, where the email addresses, usernames, dates of birth, postal codes, sexual orientation, gender, race and computer IP address of close 4m was put online via the Tor network.

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.

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.

Its revenue in the year ended June 30 totaled 3.70 million, down 10 percent from the previous year.

Hardest hit was the company’s social networking websites, where revenue fell 17.6 percent, according to court filings.




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