1-800-PHONESEX Acquires Leading New York-Based Adult Publisher
LOS ANGELES, Dec. 29, 2015 /PRNewswire/ -- The secret's out: phone sex is not just alive, it's hotter than ever. It continues to quietly dominate the adult entertainment industry by offering its consumers a highly tailored unique and anonymous experience. As a leader in interactive adult entertainment, 1-800-PHONESEX recently flexed its success through the acquisition of New York-based Magna Publications for an undisclosed dollar amount. Magna Publications is best known for publishing: CLUB, HIGH SOCIETY, CHERI & FOX.
1-800-PHONESEX and its affiliates occupy more than 90% of the ad space in all men's adult magazines. The acquisition of a print publisher by a tech company has become commonplace as print publishers combat dwindling newsstand distribution and the market's widespread shift to digital distribution. This trend can also be seen through Amazon's purchase of The Washington Post.
Magna Publications, now under license from 1-800-PHONESEX, will continue to publish the print versions of its portfolio, while 1-800-PHONESEX will take over digital distribution. This transition will likely set the stage for further advancement in the industry.
To learn more about 1-800-PHONESEX visit 1-800-PHONESEX.com
ABOUT 1-800-PHONESEX:
Based in Southern California, 1-800-PHONESEX is a pioneer in the adult entertainment industry. Its leadership can be seen throughout its multiple brands, representing a solid majority of the marketplace. It's success is the result of extensive innovation and marketing tactics that strategically leverage social media. Social channels allow the brand to engage directly with consumers delivering unparalleled services at its user's convenience.
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SOURCE 1-800-PHONESEX
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