Click Here For The Home Page
HOME






CNBC Says "Mike South - South is the Nikki Finke of the porn industry. His blog, which is never short on opinion, is a must-read among industry insiders. His style is unique, but he is also a leading agent of change within the industry. There are few fence-sitters when it comes to opinions about South, but no one ignores him."

Mike South Filmography

Recent Comments

  • The Future Of Televison (3)
    • schlermy: It’s funny, the last few weeks I’ve come to the conclusion that I’m finally going to cut the cord to cable TV....
  • HIV Testing In Porn How Good Is It Really? (27)
    • MikeSouth: Thanks i try to refrain from making too many comments because this section is for yall…I said my piece in the post this is where...
    • jw: Jilted why won’t the producers and agents want to try TTS’s dashboard, what do they have to lose? Specially since it will take the...
    • jilted: GREAT POST JW, Email me urbanlegend399@gmail.com,,,and GET YOUR RECORDS do not take no for an answer, Put it in writing and send a cerified...
    • jw: Hey Mike thanks, it means a lot to have the big cheese respond… WOW! Well you asked about my past experiences with CET well it was always...
    • jilted: DID YOU GET YOUR RECORDS?
    • jilted: The benefit of using TTS would be multi fold,,,it would protect producers and agents from huge liabilities,,,and it would provide a...
    • jilted: JW,,,not to sooun well you know,,but you are a breath of fresh air my man,,,,I think Iknow who you are,,,it doesnt matter, because if i am...
    • MikeSouth: JW – Good for you man If you wish to write about your experiences with CET, APAC or anythinig else Id love to run it. It is past...
    • jw: Jilted, funny you should ask…….just a couple of weeks ago my girl and I just happened to stroll into to CET to get copies of all...

Cyprus Freezes Accounts, AVN and Manwin Bank There

To make a long story short Cyprus banks are in trouble and they need bailing out by the EU.  The agreement being that Cyprus will levy a 6% charge on all accounts with under 100,000 euros and a 10% charge on all accounts over 100,000 euros.  The percentage taken will be converted to bank stock, which is virtually worthless.

Savings accounts in Cyprus have been frozen and ATMs are all empty.  The countries legislators will vote on this tomorrow and it is expected to pass.  Cypriot banks have long been tax shelters and places to hide ill gotten gains for eastern European crime syndicates.

Interestingly both Manwin and AVN are headquartered (officially) in Cyprus.  AVN’s Theo Sapoutzis is a Cypriot.

Manwin has been in the process of relocating it’s headquarters to Dublin, Ireland but they apparently still have cash assets in Cyprus.

Looks like people are going to have to look elsewhere to launder money now…..