Announcing the restructuring of operations to strengthen core businesses and reduce selling, general, and administrative expenses, Private Media Group Inc. has reviewed the outsourcing of its Internet services and replaced its previous provider with Bangkok-based URL-Group.
Private said the move will reduce the company’s Net-related expenses by approximately 500,000 euros per year while receiving 24/7 coverage from a team with twice the number of technicians and a higher level of education compared to its previous provider. With this new team in place, efficiency is expected to improve and down-time kept at a minimum, which is expected to impact positively on Internet revenues going forward.
"While we are pleased with the profitability of our online businesses, we feel that much more can be achieved over the coming quarters to better leverage our investments in this area," Private CEO Mr. Milton said in a statement. "One of our next steps is the localization of all content into German, French, and Spanish, with Chinese and Japanese to follow."
The Private Media Group distributes its content over a wide range of media platforms, including narrow and broadband Internet, DVD and video, magazines, broadcasting, and wireless technologies. It owns the worldwide rights to the largest archive of adult content in the world, which it physically distributes in over 40 countries.
The Bangkok, Thailand based URL-Group is a worldwide IT/Web application, content, and solution provider. Combining low-cost labor and experience in cutting-edge technology and marketing, URL offers resources for shortening time-to-market critical productions, expertise in all major programming languages, and generic administration tools designed to speed up the production process.
