Australia: Adultshop Heads for Mobile$
Kevin Andrusiak writes on Australian IT:
In the great tradition of build it and they will come, porn purveyors are moving to cash in on the growth of mobile data services, with Perth-based Adultshop buying Loop Wireless in a scrip and cash deal worth about $6.5 million.More here.
Loop Wireless - owner of interactive website Kink Kommunity, which sells content such as videos, games and music - will become a subsidiary of Adultshop, which is one of the few listed adult entertainment companies to survive the dotcom crash.
Adultshop will use the Kink Kommunity website to serve up a mix of adult-oriented content and to introduce what it calls new "social networking content" such as soft porn pictures and videos and material regularly featured in so-called lads' magazines.
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