Porn Valley- The Grand Vizier and I had a follow up chat about the European market. www.adultfyi.com/read.php?ID=22876.

It’s down by at least 50% and foreign agents are now cutting their expenses and overhead.

Magma one of the biggest buyers of US product has cancelled most of its contracts with US producers.

“Europe is officially oversaturated,” says the GV. “Apparently what Magma said when they began cancelling the contracts are that sales are down 50%. Those days of $15,000 a title are gone. They don’t even know what to do with the product they got.”