Home > News > Video: FOX Business Links Wall Street to Manwin • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Video: FOX Business Links Wall Street to Manwin

Mar 18, 2013 4:00 PM PDT    Text size: 

LOS ANGELES — Two Wall Street firms have been identified as financers of adult entertainment conglomerate Manwin, according to FOX Business.

Colbeck Capital, a firm affiliated with Goldman Sachs which arranged for $168 million, and Fortress Investment Group, the big hedge fund, injected funding for Manwin, which operates scores of blue-chip brands out of its Burbank, Calif., and Montreal offices.

"Wall Street meets the porn industry," reporter Charlie Gasparino said. "Why do they do this? I guess they make a lot of money."

Manwin operates Playboy Plus in a licensing deal with Beverly Hills, Calif.-based Playboy Enterprises and also owns Digital Playground, Reality Kings, Brazzers and Twistys. In addition, Manwin owns YouPorn, Spankwire, Webcams Tube8, ExtremeTube, KeezMovies, Mofos, ExtremeTube, JuicyBoys and PornHub. 

"This is a very controversial company," said Gasporino, noting that the company has been linked to sites that allegedly have pirated material.

Gasparino, who relied on adult veteran Mike South for some inside information for the piece, said that Manwin has told the FBI that its business is "totally legal, and they do not engage in piracy of pornographic content."

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 !

OPINIONS & VIEWS

‘Fifty Shades’: A Marketing Phenomenon

The statistics suggest that at its peak, the “Fifty Shades of Grey” book was selling every second on average. Even years after its 2011 debut, the books have entered the all-time bestseller... More »

Avoiding a Crash Landing While Making Changes

Recently I had lunch with Peter, one of the most successful business coaches in Europe. We sat outside at a cafe a few kilometers from the Mediterranean Sea. It was the middle of winter but the clouds... More »

Finding the Right Road to Success

Last month, I wrote about collaboration, surrounding yourself with good people and top-tier service providers and having an alliance group. In past articles, I have written about the “7 Ps”:... More »
XBIZ NEWSLETTERS
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.






POPULAR PRODUCTS & SERVICES
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.

UPCOMING EVENTS

The European Summit

Mar 04 - Mar 07
Barcelona-Sitges, Spain

The TEA Show

Mar 05 - Mar 06
Hollywood, CA

Phoenix Forum 2017

Mar 23 - Mar 26
Tempe, Arizona

EXXXOTICA Denver

Mar 31 - Apr 02
Denver, CO.
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!