The awards were presented Thursday night in Hollywood at Boulevard3 nightclub during a ceremony hosted by comedian Chris Wylde with Adam & Eve contract performers Bree Olsen and Kayden Kross.
"It is truly an honor to be the recipient of the first and second GLBT Studio of the Year awards presented by XBIZ," said Bruce Cam, president and CEO of Titan Media.
"We would like to thank XBIZ founder and President Alec Helmy and the entire XBIZ family for again bestowing this very prestigious award upon Titan Media. We recognize the importance of this award and will continue to lead by example."
Cam also offered congratulations to Digital Playground CEO Samantha Lewis.
"I would like to take a moment to congratulate my good friend Samantha and her entire team at Digital Playground for their win as Studio of the Year," he said. "It is an honor to stand alongside a company such as Digital Playground to represent the very best the adult industry has to offer."
Titan VP Keith Webb said the company was "very proud and humbled" to receive the XBIZ Award twice in a row. "In a tough economic climate we have been able to continue to prosper and grow thanks to the hard work and amazing creativity of the entire Titan Media team."
He hopes the win will lend further support to the studio's commitment towards promoting safer-sex practices, including condoms-only film production. "I hope that this award can be yet another example to others in the industry that sticking to your morals can indeed have an impact on your product, your bottom line and your community. Protection and profit can indeed go hand-in-hand."
Visit the official 2009 XBIZ Awards site for the entire list of recipients.