Porn Bailout: Larry Flynt, Joe Francis Seeking Government Money

Maverick · Jan 7, 2009

First the financial institutions ask for a government money bailout:
America can't go without money <-- agreed, money makes the world turn around

Then the car industrie ask for a government money bailout:
America can't go without cars <-- yep, the American dream

Now the porn industry ask for government money bailout:
AMERICA CAN'T GO WITHOUT PORN -rotfl<-- -er

But seriously, this industry is making lotta profit with limited resources :naughty:
They just do a further cut on the clothing budget -rotfl
http://www.collegehumor.com/video:1894744

Porn Bailout: Larry Flynt, Joe Francis Seeking Government Money
Click to expand...

An article in next month's Atlantic asks, "Is porn recession proof?" According to porn magnate Larry Flynt and "Girls Gone Wild" king Joe Francis, the answer is no.
TMZ reports that the pornographer pair is heading to Washington to ask for a $5 billion porn bailout:
"With all this economic misery and people losing all that money, sex is the farthest thing from their mind," Flynt says. "It's time for Congress to rejuvenate the sexual appetite of America."
Francis sees his industry like the big three automakers, only BIGGER: "Congress seems willing to help shore up our nation's most important businesses; we feel we deserve the same consideration."

In the Atlantic article, Tom Johansmeyer reports that AdultVest, a hedge fund run by Francis Koenig that invests in porn-related assets, was up 50% in 2008 (a number that Joe Wiesenthal at ClusterStock says ought to be taken with a grain of salt). Johansmeyer goes on to discuss the recession effect on the porn industry:
Relatively small, fragmented, and unaccustomed to outside investment, the U.S. porn industry (which generated roughly $12 billion in 2007) is somewhat buffered from today's credit crunch, but it has its own problems. Video sales have been falling by 15 percent a year since 2005, and online content doesn't deliver the returns it used to, now that Web sites such as RedTube and PornHub basically give it away. Struggling companies need investors to help right their operations, and those that are thriving in a brutal market need funding for growth.

Enter Koenig and AdultVest. He sees the porn downturn as temporary and believes that technological improvements will trigger a turnaround. One example: iPorn, a start-up in AdultVest's portfolio that is developing an application to deliver porn to the Apple iPod. "The industry's not going anywhere," Koenig says. "You've got 6 billion people on the planet," he laughs, "and they're all horny."
Click to expand...

AC0110 · Jan 7, 2009

"and they're all horny."

Me so horny ah...

(please don't think of me as a queer) -_-

ralliart · Jan 7, 2009

AC0110 said: ↑

"and they're all horny."

Me so horny ah...

(please don't think of me as a queer) -_-
Click to expand...

............no, of course not, not at all. lol. <_<

charliebos · Jan 8, 2009

Only in American . Anything can happen

Porn Bailout: Larry Flynt, Joe Francis Seeking Government Money

Maverick Lord Vader

AC0110 Let the Fun Begin

ralliart Well-Known Member

charliebos Active Member