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

'Groove Thing' Sets Kickstarter Funding Record for Insertable Pleasure Product

Groove Thing, an insertable pleasure product that plays audio, has set a funding record on Kickstarter.

Nalpac/Entrenue, Ohdoki Sign Distro Deal for 'The Handy'

Nalpac/Entrenue has inked an exclusive U.S. distribution deal with Ohdoki Products for The Handy.

Roxie Rae Relaunches Site Through XSiteAbility

Roxie Rae has relaunched her site through XSiteAbility.

Onahole Debuts New 'Miss Boss Cup' Stroker

Pleasure brand Onahole has introduced its new Miss Boss Cup stroker.

Nicole Nixon Stars in Latest From Immoral

Nicole Nixon stars with Matt Bird, Dean Van Damme, and "Porno Dan" Leal in a new three-part release from Immoral Productions.

ProDx Health Introduces 'Trust 1' HPV Test

ProDx Health has introduced its new Trust 1 Home Collection Kit for HPV testing.

Kiki Cali Toplines 'Pleasure Vixens 4' From BAM Visions

Kiki Cali headlines the fourth volume of "Pleasure Vixens," co-directed by multi-XMAs winner Mick Blue and Maestro Claudio, aka BAM Visions, from Evil Angel.

Brianna Coppage Makes Her WIFEY Debut

Creator Brianna Coppage stars with her husband Phillip and Jax Slayher in the latest release from Vixen Media Group studio imprint WIFEY.

Eye of Love Debuts 'Pheromone Roll-On Duo' From Bloom Line

Eye of Love has introduced the Pheromone Roll-On Duo fragrance set from its Bloom collection.

Show More