Home > News > Speculation Grows for Adult Industry Bailout Request • Bookmark   • Newsletters   • Register Search Options


Speculation Grows for Adult Industry Bailout Request

Speculation Grows for Adult Industry Bailout Request
Get XBIZ News
Jan 11, 2009 6:00 AM PST    Text size: 
LOS ANGELES — After Larry Flynt and Joe Francis issued a press release stating their intention to appeal to Congress for an adult industry financial bailout of $5 billion on Wednesday, the announcement was interpreted by the media as everything from a cynical publicity stunt to a protest against government waste.

Flynt and Francis said they and other industry professionals “deserve the same consideration” as the Big Three automakers and banks that have received a federal bailout in light of the “national cold shower” that is the recession.

Some sources, including Suzann Knuzsen, a spokeswoman for adult video distributor AEBN, not only take the request seriously, but also support it, saying the adult entertainment industry is “facing many of the same economic challenges as U.S. automakers and financial institutions,” according to the Charlotte Observer.

Others have criticized the request on the grounds that the adult entertainment industry is not in economic distress despite the claim by Flynt and Francis that DVD sales and rentals are down 22 percent from last year.

“The porn industry generated $12 billion in 2007, and it is not showing any real signs of slowing down,” Fox5Vegas reported. “In fact, some filmmakers at the crowded Adult Entertainment Expo in Las Vegas said they enjoyed record business in the last few months.”

Some filmmakers enjoying such success are Nicholas Steele of Bluebird America and Dan O’Connell of Girlfriends Films, according to Fox5Vegas.

Many other media outlets have interpreted the bailout request as a joke.

“While the TMZ videos make it seem like Francis and Flynt want to use the USA like an ATM, I have a feeling that this is all a little tongue-in-cheek,” wrote Tom Miller in a Your Tango article. “Even if this isn’t verbal masturbation, do they really think they’re going to get a slice of that pie?”

Others, such as Sylvia Cochran for Associated Content, report that the request may be a joke not only at the expense of the Big Three automakers and the banks, but also at the current financial situation as a whole.

“Those who realize that asking the fox to undertake the henhouse protection duty is just as nonsensical as trusting government spendthrift politicians to get America out of the mess they got it into in the first place see a bit of humor in the porn industry bailout gag,” Cochran wrote.

Still other sources have simply left the question open and issued articles and statements speculating the true motive behind the request. In her article for Associated Content, Cochran speculates as to whether Flynt is a “smut peddler, visionary, government waste protestor or dirty old man with an eye on notoriety.”

Owen Moogan, LFP press relations representative, hinted that the request, whether serious or not, might be a political statement.

“It really is [Francis and Flynt] casting a critical eye on the way in which Congress has dealt with taxpayer money,” Moogan told XBIZ, “and with the bailout of the Big Three automakers and the banks, the point [is], ‘Why not us?’ No one can tell you where this money is going or how it’s being trafficked. That’s $7 million handed out of our money, and they can’t answer for it.”

Moogan added, “Joe says he is planning to go to D.C.,” but that no further details on the progress of his petition or the date of his visit had been released.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !


Creating a Top-Notch, Lucrative Adult Website

If there’s one thing I’ve seen consistently over the 10 years I’ve been running Elevated X and working exclusively with paysite owners it’s that no matter how competitive the paysite... More »

Artificial Intelligence Treats Risk Like Cancer

An embarrassing thing happened to me in Amsterdam. I’d just finished dinner with a new partner at a nice restaurant. OK … more expensive than nice, but you know what I mean. I grade food in... More »

8 Tips for Scaling Up Your Ad Campaign

As an advertiser it can take some time for you to get a successful campaign going because many ideas don't always work out. Once you have a great converting campaign it can also quickly die out, so that's... More »
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.

Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ World magazine, the industry's leading e-commerce trade publication, delivering in-depth coverage of the online, mobile and ancillary digital markets.



Nov 04 - Nov 06
Edison, New Jersey

2016 Inked Awards

Nov 05 - Nov 05
Edison, New Jersey

XBIZ 2017

Jan 09 - Jan 13
Hollywood, CA

XBIZ Awards 2017

Jan 12 - Jan 12
Los Angeles, CA
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!