Speculation Grows for Adult Industry Bailout Request

LOS ANGELES — After Larry Flynt and Joe Francis issued a press release stating their intention to appeal to Congress for an adult industry financial bailout of $5 billion on Wednesday, the announcement was interpreted by the media as everything from a cynical publicity stunt to a protest against government waste.

Flynt and Francis said they and other industry professionals “deserve the same consideration” as the Big Three automakers and banks that have received a federal bailout in light of the “national cold shower” that is the recession.

Some sources, including Suzann Knuzsen, a spokeswoman for adult video distributor AEBN, not only take the request seriously, but also support it, saying the adult entertainment industry is “facing many of the same economic challenges as U.S. automakers and financial institutions,” according to the Charlotte Observer.

Others have criticized the request on the grounds that the adult entertainment industry is not in economic distress despite the claim by Flynt and Francis that DVD sales and rentals are down 22 percent from last year.

“The porn industry generated $12 billion in 2007, and it is not showing any real signs of slowing down,” Fox5Vegas reported. “In fact, some filmmakers at the crowded Adult Entertainment Expo in Las Vegas said they enjoyed record business in the last few months.”

Some filmmakers enjoying such success are Nicholas Steele of Bluebird America and Dan O’Connell of Girlfriends Films, according to Fox5Vegas.

Many other media outlets have interpreted the bailout request as a joke.

“While the TMZ videos make it seem like Francis and Flynt want to use the USA like an ATM, I have a feeling that this is all a little tongue-in-cheek,” wrote Tom Miller in a Your Tango article. “Even if this isn’t verbal masturbation, do they really think they’re going to get a slice of that pie?”

Others, such as Sylvia Cochran for Associated Content, report that the request may be a joke not only at the expense of the Big Three automakers and the banks, but also at the current financial situation as a whole.

“Those who realize that asking the fox to undertake the henhouse protection duty is just as nonsensical as trusting government spendthrift politicians to get America out of the mess they got it into in the first place see a bit of humor in the porn industry bailout gag,” Cochran wrote.

Still other sources have simply left the question open and issued articles and statements speculating the true motive behind the request. In her article for Associated Content, Cochran speculates as to whether Flynt is a “smut peddler, visionary, government waste protestor or dirty old man with an eye on notoriety.”

Owen Moogan, LFP press relations representative, hinted that the request, whether serious or not, might be a political statement.

“It really is [Francis and Flynt] casting a critical eye on the way in which Congress has dealt with taxpayer money,” Moogan told XBIZ, “and with the bailout of the Big Three automakers and the banks, the point [is], ‘Why not us?’ No one can tell you where this money is going or how it’s being trafficked. That’s $7 million handed out of our money, and they can’t answer for it.”

Moogan added, “Joe says he is planning to go to D.C.,” but that no further details on the progress of his petition or the date of his visit had been released.

Related:  

Copyright © 2024 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

Metart Marks Its 25th Anniversary

Metart is celebrating its 25th year as an adult studio.

Eldorado to Host Bonus 'Virtual Elevation' Webinar With Nu Sensuelle

Eldorado Trading will host a second, "bonus" September "Virtual Elevation" live private webinar for retailers with Nu Sensuelle Director of Sales Conde Aumann on Sept. 24 at 10 a.m. PDT.

Magic Silk, Maia Partner for RC Panty Vibe

Magic Silk's Exposed line has partnered with Maia Novelties to release the Date Night Remote Control Panty Vibe.

Open Mind AI Seeks Inclusion in EU's AI Debate

New European industry initiative Open Mind AI has penned a letter asking EU authorities to include adult companies and creators in ongoing discussions on setting up a legal framework for AI content.

Canadian Law Professor: Proposed Age Verification Bill 'Will Make Things Worse'

Leading Canadian newspaper The Globe and Mail this week published an op-ed written by a legal scholar outlining fundamental issues with the Conservative-backed age verification bill currently making its way through Parliament.

UK Labour Government Confirms it Will Continue Baroness-Led 'Porn Review'

The U.K. Labour government of Prime Minister Keir Starmer has confirmed it will continue the controversial full review of British pornography laws ordered by former Tory Prime Minister Rishi Sunak in July 2023.

Connie Perignon Performs Her 1st Girl/Girl Scene for LesbianX

Connie Perignon has performed in her first girl/girl scene alongside Nicole Doshi, in the latest release from LesbianX, titled "Tasty Holes."

Vanessa Jhons Makes Her TransAngels Debut in 'Poolside Seduction'

Vanessa Jhons and Justin Jett make their TransAngels debuts in “Poolside Seduction.”

Naudi Nala Stars in Latest From TeamSkeet

Naudi Nala stars with Nikki Slick, Nina White and Satine Summers in the latest release from TeamSkeet.

Abby Rose Stars in Latest From Brazzers

Abby Rose stars with Zane Walker in the latest release from Brazzers.

Show More