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

Pipedream Expands 'Anal Fantasy Elite' Collection

Pipedream Products has expanded its Anal Fantasy Elite collection with two new stimulators.

ASN Lifestyle Magazine Joins Pineapple Support as Media Sponsor

ASN Lifestyle Magazine has joined the ranks of over 60 adult businesses and organizations committing funds and resources to Pineapple Support, partnering with the organization as a media sponsor.

Adult Industry Reacts to Trump Victory

On Tuesday, former President Donald Trump was reelected, defeating Vice President Kamala Harris to reclaim the office he lost four years ago.

Angel Windell, Katie Davis Headline Latest 'Lesbian Seductions'

Angel Windell and Katie Davis topline the 80th edition of “Lesbian Seductions,” from Girlfriends.

ERIKALUST Releases 'Texas Ride 'Em'

ERIKALUST has released its latest scene, “Texas Ride ‘Em.”

Orion Expands 'Couples Choice' Line With New '2 in 1' Vibe

Orion Wholesale has added the 2 in 1 Vibrator + Butt Plug to its Couples Choice collection of pleasure products.

Ema Karter Makes Her Blacked Debut

Ema Karter has made her debut for Vixen Media Group (VMG) studio imprint Blacked, alongside Jax Slayher.

Lovense Unveils 'Mission 2' Long Distance Vibe

Lovense has introduced the new Mission 2 vibrating suction cup dildo to its long-distance collection.

Fetisfy Online Fetish Marketplace Launches

Fetisfy.com, an online marketplace for users to sell fetish items, has launched.

Pineapple Support Launches 'Spill the Tea, Colombia' Community Support Event Series

Pineapple Support has launched "Spill the Tea, Colombia," a monthly, in-person community support event for adult industry professionals.

Show More