Penthouse

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Penthouse Boutique Adds DVD Preview Station

Shoppers at the Penthouse Boutique, owned by Smash Pictures parent Horizon Media, can now preview adult DVDs before making a purchase, thanks to the addition of new viewing stations from Four Winds Interactive.

Penthouse Signs Licensing Deal With Lingerie Maker

Penthouse on Tuesday announced a licensing deal with Coquette International Inc. to manufacture and distribute Penthouse-branded lingerie.

SEC Charges Penthouse, Others With Fraud

Penthouse International Inc., former Penthouse officer Charles Samel and former Penthouse shareholder Jason Galanis were charged with accounting fraud Monday by the Securities and Exchange Commission. The scheme, the SEC said, converted a $1 million quarterly loss to a profit.

Penthouse Model Scout Heads to Los Angeles

In preparation for the launch of its new high-definition video line, Penthouse magazine announced plans to kick off a nationwide model search on Dec. 14 in the City of Angels.

Adult Auction Site Acquired By Penthouse Shareholder

Media holding company Care Concepts, a major equity owner of the Penthouse publisher, made new forays into the adult industry on Thursday as both the acquisition of adult auction website 4PlayAuction.com and the first issue of the new Spanish-language Penthouse magazine were announced.

Penthouse to Launch Spanish Language Magazine, Resort

With new management seeking to broaden the readership and business opportunities of Penthouse magazine, the next big leap for the formerly bankrupt magazine might be south of the border. Statements indicate that magazine will be branching into a Spanish language version in 2004.

Penthouse May Open Resorts, Travel Opportunities

Vacation getaways branded with the Penthouse name and softer content may be the next step for the recently restructured magazine, which recently came out of bankruptcy. New managers Marc Bell and Daniel Staton intend to attract a broader audience by enhancing licensing deals.

Reorganized Penthouse Changes Name; Guccione Out

Penthouse Media Group Inc. on Thursday said it emerged from Chapter 11 protection under the control of PET Capital Partners LLC. In related news, XBiz has learned founder Bob Guccione won't return to the magazine he founded 39 years ago.

Care Concepts Completes Penthouse Publisher Purchase

Former iBill purchaser Care Concepts I Inc. announced today that it had completed its purchase of Penthouse publisher General Media’s stock today, heralding another drastic drop in the company’s stock price.

Care Concepts Secures Funding for Penthouse Acquisition

Care Concepts I Inc. has successfully obtained the funding necessary to purchase almost half of the stock in Penthouse-publisher General Media, according to a release issued Friday. The announcement moves the now-bankrupt publisher one step closer to being reacquired by Penthouse International Inc.

Care Concepts Purchases Half of Penthouse Publisher

Internet auction firm Care Concepts I Inc., the company who recently backed out of acquiring payment processing company iBill, announced today that it has agreed to purchase a little under half the stock in Penthouse publisher General Media.

Australian Penthouse ‘Pet of the Year’ to be Chosen

The Australian Penthouse “Pet of the Year” 2004 will be selected on Sept. 7. The Pet of the Year party will celebrate the 25th anniversary of the Australian edition of the famed men’s magazine. Editor Graham Brown called Penthouse “Australia’s number one adult men’s magazine.”

Marc Bell Wins Control of Ailing Penthouse

A bankruptcy judge cleared a reorganization plan Thursday for General Media Inc., the publisher of Penthouse magazine. With its amended plan, Mexican investor Enrique Molina would lose control of Penthouse assets and give it to bondholders led by Florida investor Marc H. Bell.

With Beate Uhse Deal Killed, Penthouse Faces Emergency Asset Sale

In a stunning blow to the Penthouse empire, company executives Friday told a U.S. bankruptcy court judge that they may have to conduct an emergency asset sale next month.

Beate Uhse to Take 50% Stake in Penthouse

The operator of Europe’s largest chain of sex shops has struck a deal with Penthouse for half its stake. German sex-toy shop operator Beate Uhse AG will share ownership with Luis Molina, the Mexican investor who invested in Penthouse International Inc., which owns General Media Inc.

Mounting iBill Problems Sinking Penthouse

XBiz learned late Friday that Penthouse public shares would no longer be traded on the Over-the-Counter Bulletin Board and that its stock has been relegated to the Pink Sheets, a stock quotation service that handles high-risk ventures and isn't regulated by the Securities and Exchange Commission.

Penthouse Plan Pays Creditors in Full

The publisher of Penthouse magazine has filed an amended reorganization plan with U.S. Bankruptcy Court that pays creditors' claims in full. General Media Inc. said this week that up to $12 million in allowed unsecured creditor claims and the claims of holders of about $40 million in notes will be paid in full in cash.

IBill Sold to Penthouse International Unit

IBill, the largest processor of credit card payments for the online adult industry, has been sold to a subsidiary of Penthouse International Inc. The deal ends a chapter for credit card processor Intercept, which purchased iBill in 2002 for $104 million.

Hong Kong’s Penthouse Folds

With pornography becoming more available on the Internet, the Hong Kong edition of Penthouse has folded.

Penthouse Pulls Out Of Bankruptcy

After filing bankruptcy toward the end of 2003, General Media Inc., the publisher of Penthouse magazine, has tapped Seneca Financial Group for help