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
Comment
-
Comment by Till on January 7, 2009 at 7:14pm -
why he didn't told me before?
I'll give him his money, god damn couldn't life without porns!
-
Comment by Midnight_Stroker on January 7, 2009 at 6:28pm - thats hilarious
-
Comment by Dee m on January 7, 2009 at 6:25pm - FUCK! Now we need to ask for a bailout of our credit card debt! If these people can do it then LETS ALL DO IT!
-
Comment by FreshKidTiff on January 7, 2009 at 6:19pm - OD nigga if this shit goes through i think i'ma have to reconsider the US all together
-
Comment by Jay Chavez on January 7, 2009 at 5:48pm - LOL LMAO
-
Comment by DaBar Tazadaq on January 7, 2009 at 5:46pm - http://www.amalgamdigital.com/artist-details.aspx?id=2119
-
Comment by Perus Finezt stillGotHisJailBop on January 7, 2009 at 5:41pm - oh hell nah!! NOW thats BULLSHIT!!!
-
Comment by Esteban on January 7, 2009 at 5:16pm - Lmao wowww!
-
Comment by Zmoney on January 7, 2009 at 5:14pm - hahah 2 the photo thisis50 choose!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
-
Comment by Chilly on January 7, 2009 at 5:07pm - F*CK OUTTA HERE WITH THAT BULLSH*T!!!!!!!!!!!
Welcome to
ThisIs50.com : IF IT'S HOT IT'S HERE!
The #1 Entertainment Blog Community! "BEFORE I SELF DESTRUCT" OUT NOW! JOIN and become a member to access exclusive content!
ad
Badge
Latest Activity
Forum
Post Your Blog Entry Here
You think you can write?
You think your blog deserves coverage?
Are you always up on the new music, rumors, pictures and videos before everyone else?
Shine on THISIS50.COM, and get YOUR blog entry featured on the front page...
Paste a link to your blog here
We will feature the best ones on the blog on the home page of Thisis50.com
No need to put it many times!! 1 time is enough .. our team will review this discussion many times a day
1 discussions
Post Your Discussion Here
You think you have interesting topics to share?
You think your discussion is worth being on top of the forums?
Do you post exclusive or funny content before everyone else?
Shine on THISIS50.COM, and get YOUR discussion entry featured on the top of the forums...
Paste a link to your discussion here.
We will feature the best ones on the top on the forums on Thisis50.com
No need to put it many times!! 1 time is enough .. our team will review this discussion many times a day.
Also, if you see any spam on the forums, you can let us know here and we will take care of it.
Note: Every few days discussions get unfeatured and new ones get featured, so no need to ask us why it's not on top anymore ;)
1 discussions
Ask 50 Cent a question
Here is the OFFICIAL category to post your questions for 50 Cent. He will answer them LIVE any time he wants on the INTERACT section: Watch 50 Cent LIVE
1 discussions
ad
© 2010 Created by 50 Cent
You need to be a member of ThisIs50.com : IF IT'S HOT IT'S HERE! to add comments!
Join this Ning Network