The mobile entertainment company that burned through $350 million in venture backing before imploding and auctioning off its assets last week, continues to baffle. According to the list of assets for sale, the company spent its financing on porn, a ton of porn... Besides burning through $350 million, Ampd Mobile owes an additional $100M to carries such as Verizon.
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Let's face it, the porn industry drives innovation. Porn drove the VHS market and it also drove broadband internet - it will surely drive the next generation of movie format, which it has chosen as HD-DVD at the recent porn convention (that followed the big CES 2007). Read associated URL for more details.
PS, apparently Sony does not allow rated xxx movies to be shown on Bluray.
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