Amidst all of the insolvency doom and gloom, German investors had reasons to be cheerful with the successful flotation of the adult films trader erotic media ag on the Frankfurt stock exchange with a threefold over-subscription of its 100,000 shares. Trading began on Friday at Euros 34.50, up 15% from its launch price.

erotic media, which has Europe's largest library of around 3,000 films built up through output deals and 'first look' arrangements, licenses films to on-demand services by such operators as Live Network (Scandinavia), itvmedia (Switzerland), media[netCom] (Germany) and UPC (Netherlands), as well as to such pay TV services as Canal +, Viasat (UK), Teleclub (Switzerland) and Telepiu (Italy).

In addition, the company is a partner with the German adult entertainment empire Beate Uhse in its own pay TV channel Beate Uhse-TV which broadcasts ten hours of adult films from the Premiere pay platform each day.