The parent company of the Adult Entertainment Expo filed for bankruptcy Oct. 5 in order to restructure its ballooning debt. In its Chapter 11 filing Questex listed assets of $299 million against liabilities of $321 million.
Organizers of the upcoming 2010 International Consumer Electronics Show have decided to exit the Sands Expo and Convention Center, leaving behind the annual Adult Entertainment Expo that has shared the same venue for many years.
Without a doubt, this year’s Adult Entertainment Expo disproved the theory that porn is recession proof. Fan attendance dropped precipitously from the previous year and there were fewer exhibitors as many companies collectively tightened their belts in order to withstand a slumping economy.
While companies titillated at the 2008 Adult Entertainment Expo, Harmony Films began its push in the U.S. market to build on its reputation of high-quality adult titles shot around the world with performers from Europe and America.
The legal seminar held yesterday at the Adult Entertainment Expo in Las Vegas featured three eminent and experienced industry attorneys in a 90-minute session that covered a lot of ground and provided more surprises than anticipated.
Among the 300-plus exhibitors expected at the 2008 Adult Entertainment Expo are several major companies who will be making their show debut, including AbbyWinters.com, NinnWorx_SR Inc. and Silver Sinema.
