Playboy Sees Gains in Licensing but Lower Revenue

CHICAGO — Playboy Enterprises Inc. said Tuesday that revenue fell 9 percent to $55 million from $60.6 million in the fourth quarter, but that it narrowed its loss.

The net loss in the three months that ended Dec. 31 came to $14.7 million, compared with a loss of $27.8 million, in the same period a year earlier.

Playboy said income from its licensing division nearly doubled compared to the same period two years ago but that it experienced weaker performance in TV programming and its magazine, which had revenue at $18.8 million compared to $23.7 million a year ago..

The Chicago based company said it took a $12.5 million charge in the quarter over its legal dispute with DirectTV, which filed a lawsuit in March claiming that Playboy and its Spice Hot Entertainment division breached a deal by violating an agreement to offer some channels at the same terms that it was offering them to other pay TV services.

CEO Scott Flanders said the company was making progress in its transition to become a brand management company.

"We are pleased with our accomplishments through the year and in the fourth quarter in particular," he said. "In spite of the challenges created by a weak economy, changes in how consumers use media, the loss of a critical customer's revenue in the second half and the burden of expenses related to the potential going-private transaction, we made significant progress in our businesses during 2010."

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Je Joue Names Ian Kulp Head of Global Wholesale & Brand

Pleasure brand Je Joue has appointed Ian Kulp as its new head of global wholesale and brand.

Millie Morgan Toplines 'The Seductress 5' From Sweet Sinner

Millie Morgan headlines “The Seductress 5,” from Mile High Media studio brand Sweet Sinner.

GirlsDoPorn Owner Michael Pratt Sentenced to 27 Years

Michael Pratt, former owner of the website GirlsDoPorn, has been sentenced to 27 years in federal prison.

Octavia Red, Kenna James Front Latest From Vixen

Octavia Red and Kenna James star alongside Dan Damage in the latest release from Vixen.

Stephanie Love Stars in Latest From Evil Angel

Stephanie Love stars alongside Mark Wood in a new ass-to-mouth scene from Evil Angel.

Ricky's Room Signs Roxie Sinner to 1-Year Deal

Ricky’s Room has signed Roxie Sinner to a non-exclusive, multi-scene contract for one year.

Blake Blossom Performs 1st Blowbang for Brazzers

Blake Blossom performs her first blowbang in the latest Brazzers scene, titled "Guess That Cock!"

Siri Dahl, 'Corn Telethon' Reveal Fundraising Success

Siri Dahl and her fellow event producers of Corn Telethon are celebrating the success of the event, raising more than $16,000 for Sex Workers Outreach Project (SWOP) L.A. and Sex Workers Mutual Aid (SWAID) Las Vegas.

Digital Playground Premieres Ricky Greenwood's Action Feature 'Deadly Vows'

Digital Playground has debuted multi-XMAs winner Ricky Greenwood's new action feature, "Deadly Vows."

Sportsheets Releases New Training Video for 'Peaches 'n CreaMe' Collection

Sportsheets has released its latest training video, titled "Peaches ’n CreaMe," hosted by Brand Ambassador Rin Musick.

Show More