Draft – Not for citationindustry without being seen to be associated with the production process andexploitation that accompanies it (Devaney, 2002). In 2002
Penthouse
was said to beon the brink of bankruptcy (Devaney, 2002). The industry that was once dominated bymagazines has seen revenue drop and is fighting for survival. Their declining profitsmade via the exploitation of women may be about to see a turn-around.A survey conducted by the
British ISP Homecall
, found that 23 per cent of UK residents are getting broadband in order to access pornography, and it is the mostimportant factor when getting broadband (Orlowski, 2004). The pornography industryis important to the Internet because of its consumption of bandwidth (Zook, 2003).Perdue (cited Zook, 2003) estimates that the pornography industry pays US $1.9 billion for bandwidth charges per annum. Developments in new media can be the bestthing to happen to old media (Orlowski, 2004).Only twenty days after the launch of the video iPod on the 12
th
of October 2005, thefirm
Apple
announced that it had sold 1 million videos and television shows at $1.99each. Podcasts can also be downloaded via
Apples ITunes Music Store
. According toBakker and Taalas (2007), within 24 hours of launching, 500,000 video clips weredownloaded from Suicidegirls website (suicidegirls.com) which offers short ‘adult’movies. After 3 days, 1 million short movies had been downloaded from the website(Kahney, 2005). The
Sony
created
Playstation Portable,
is also making pornographicmaterial available, although they describe the development as undesirable and insistthat it is the open source nature of Universal Media Discs (UMDs, an open sourceformat for digital movies). Niizumi believes the company has learned from theBetamax and VHS debacle, “that adult-oriented movies can significantly affect theexpansion of a new media format” (Niizumi, 2005). Consequently, third generationmobile phones (3G) are expected to contribute to the dissemination of pornographiccontent and generate large revenues for the businesses concerned.The claims of corporate social responsibility (CSR) by the industrial players needs to be something other than hollow assertions of misguided virtue (Henderson, 2001).
It is the paramount duty of the Board of Directors to oversee the CEO and other senior management in the competent and ethical operation of the Company on aday-to-day basis and to assure that the long-term interests of the shareholders are being served. To satisfy this duty, the directors will take a proactive, focusedapproach to their position, and set standards to ensure that the Company is3
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