Joe Francis, Larry Flynt Beg Congress For $5 Billion Porn Bailout
Is the porn industry up next for a bailout? If porn titans Joe Francis and Larry Flynt have anything to do with it, it will.
Yes, ladies and gentleman, the titans of pornography are begging for a bailout.
Joe Francis, creator of the "Girl's Gone Wild" video series, and Larry Flynt, founder of Hustler, will ask Congress for a $5 billion bailout, according to TMZ.
Why does the porn industry need a bailout? Because apparently even porn is getting smacked by the recession.
XXX DVD sales have taken a hit - about a 22% hit, according the TMZ.
"With all this economic misery and people losing all that money, sex is the farthest thing from their mind," Flynt is quoted as saying on TMZ. "It's time for Congress to rejuvenate the sexual appetite of America."
Francis thinks that the porn industry deserves a bailout just like the auto and financial industries got, and he said he'll go to DC to get it, according to TMZ.
"Congress seems willing to help shore up our nation's most important businesses; we feel we deserve the same consideration," Francis is quoted as saying on TMZ.
Is the porn industry really experiencing a severe downturn? It depends on who you ask.
Francis Koenig's fund AdultVest, which invests in porn-related assets, was up 50% in 2008, according to Tom Johansmeyer's article in next month's Atlantic (as reported by The Huffington Post). But video sales are down.
"The industry's not going anywhere," Koenig says. "You've got 6 billion people on the planet," he laughs, "and they're all horny."
The porn industry generated about $12 billion in 2007, according to the Atlantic article.
Tags: $5, bailout, beg, billion, congress, flynt, for, francis, joe, larry
Add a Comment
49 Comments
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Comment by Jordan W on January 11, 2009 at 12:12pm - Hell no thats crazy, the money needs to go to more important things!
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Comment by JoeJots on January 9, 2009 at 2:04am - WHAT THE FUCK IS WRONG WITH THEM? SERIOUSLY.
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Comment by Furious Styles on January 8, 2009 at 9:47pm -
lol
flynt has always been the type of dude to mock our government in this type of way and thats good g cuz even a blind would be able to see the bullshit behind these so called bailouts
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Comment by SLICC DOGG on January 8, 2009 at 12:05pm - i need bail out money too
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Comment by anyhustle on January 8, 2009 at 10:10am -
Get the fuck outta here - stop making that bullshit fake porn - too many peeps that watch porn would never draw dimes like the hoes u have in porn - make sum real shit and youll see peeps buy your shit
I dotn even download your shit!!its al shit
Annette Swartch anyday!!!!!
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Comment by MONT@N@ FLY on January 8, 2009 at 8:40am - LOOK WHO STANDIN WIT HIM REGGIE BUSH SHOULD KILL HISSLEF HIS GIRL IS A HOE
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Comment by Sasucule on January 8, 2009 at 5:51am - Bail me out a billion too Mr Bush! lol
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Comment by Deonta' on January 8, 2009 at 4:28am - these niggas betta not get a fuckin dime for shit.aint no fuckn way my money goin to these niggas who seel pussy.
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Comment by MoRe BoUnCe 2 dA oUnCe on January 8, 2009 at 4:09am - what a bunch of morons, if the goverment did this the the usa really is over
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Comment by ikeam cunningham on January 8, 2009 at 2:58am - Dam...... I don't know how niggas is not shaking out these days
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