XTV Parent’s Net Income Spikes on Accounting Adjustment

WOODLAND HILLS, Calif. — ITVN, which markets all-adult Internet protocol TV service XTV, said revenue in the last quarter dropped 41 percent to $217,000 compared to year-ago figures in a filing with the Securities and Exchange Commission.

But the company Friday reported an increase in gross profit to $101,000 compared to a year-ago loss of $395,000. ITVN said because of a $11.8 million change in the fair value of warrants and options, it posted net income of $7.6 million in the last quarter, ending Sept. 30. Last year, ITVN had a net loss of $1.4 million in the three-month period.

In the filing ITVN, once known as Radium Ventures, also said it struck a deal with Universal Pictures to make available movies to subscribers by next week. The company, which offers a plethora of mainstream fare, struck a deal earlier in the year to offer 15 channels of Starz programming.

XTV offers more than 150 adult channels from a long list of well-known adult brand names, including Wicked Pictures and Danni.

With its proprietary video-on-demand technology, ITVN customers connect a set-top box to an existing broadband router, plug in the set-top connector to a television set and subscribe to the VOD channels.

While prices vary for its offerings, XTV adult-channel bundles cost $29.95 a month, with an additional $99.95 for the set-top box.

ITVN markets XTV and other products in the U.S., Asia, the U.K. and Germany.

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

TeamSkeet, MYLF to Launch New Website FamilyStrokes.com

Sister studios TeamSkeet and MYLF are launching a new website, FamilyStrokes.com.

AV Bulletin: Age Verification Hits the Mainstream, Ofcom Sets a Date

Industry stakeholders and free speech advocates have anxiously been awaiting the Supreme Court’s decision in Free Speech Coalition v. Paxton, which could significantly impact state age verification laws around the country. In the meantime, state legislatures continue to weigh and pass AV bills, AV tech providers continue to tout their services, and legal challenges continue to play out in the courts — with some cases on hold pending the SCOTUS ruling in Paxton.

Segpay Names Kristi Greer VP of Sales

Segpay has promoted long-time employee Kristi Greer to the position of vice president of sales.

BranditScan Names Subgirl Newest Brand Ambassador

BranditScan has named content creator Subgirl its newest brand ambassador.

Arcom Reports Age Verification Enforcement Actions Against 5 Adult Sites

French media regulator Arcom released a statement Tuesday detailing recent actions to enforce age verification rules as set forth under France’s Security and Regulation of the Digital Space (SREN) law.

Pineapple Support, Clips4Sale to Host Performers' Partners Support Group

Pineapple Support and Clips4Sale are hosting a free online support group for partners and family members of adult industry professionals.

FSC Mourns the Loss of Board Director Emeritus Mark Kernes

Free Speech Coalition has released a statement regarding the passing of Board Director Emeritus Mark Kernes.

Alexa Creed Launches New Paysite

Creator Alexa Creed has launched a new membership site through MyMember.site.

Choice Talent Management Launches Fan Platform 'ChoiceFilmz'

Choice Talent Management CEO Chris Crisco has launched a new fan platform called ChoiceFilmz.

Dredd to Launch Official Site

Dredd has announced his new website OfficialDreddXXX.com, launching April 20.

Show More