Paul Verhoeven, director of the first Basic Instinct (which scored US$353 million worldwide) as well as the widely ridiculed Showgirls (now regarded as something of a camp classic), attributes the genre's demise to the current American political climate.I found that a very interesting comment in view of the explosion of erotic fiction. The full article can be found here - Erotic Thrillers Lose Steam At Box Office.
"Anything that is erotic has been banned in the United States," said the Dutch native.
For a different point of view, have a read of this interesting RTB post by Nell Dixon where she talks about sweet romance's place in publishing today.
At the moment it seems that romantica, erotica and the spicier forms of romance are the flavour of the moment...
Diametrically opposing thoughts, but maybe it just depends where you're standing? Perhaps it's not that everything erotic has been banned in the States, but that it's difficult to make movies that are truly erotic and interesting. Or maybe it has to do with the fact that a lot of erotic fiction is written by women while the movies are made by men? Should they be making bestselling erotic novels written by women into movies instead?
I really have no idea where I'm going with this post but I just found the two opposing points of view quite interesting. I think they both hold grains of truth. Maybe the answer is somewhere in the middle?