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
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Comment by devinetruth on January 7, 2009 at 5:06pm - wow porn theres bigger things then porn we need right now
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Comment by denny on January 7, 2009 at 5:04pm - Lmao. 6 billion horny people on that planet and they all horny? lol where did the 12 billion y'all made went to? haha smh.... this dude must be kidding and all that.
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Comment by Dragonstyle17 on January 7, 2009 at 4:57pm - These niggas can't be serious. Congress aint going for that bullshit.
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Comment by johndoe on January 7, 2009 at 4:56pm - tmz= bs
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Comment by Bones on January 7, 2009 at 4:45pm - not gonna happen...
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Comment by Talon on January 7, 2009 at 4:44pm - gtfo
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Comment by Tumbric on January 7, 2009 at 4:27pm -
http://www.thisis50.com/forum/topics/can-u-plz-help-me-quickly-its
can u fill this out for me plz
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Comment by NEW ZEALAND on January 7, 2009 at 4:25pm - why dont they offer 5 billion 2 some one 2 make rain fall over africa,,i bet it be raining right fuckn NOWW...lol
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Comment by RICH STUD on January 7, 2009 at 4:25pm - KIM KARDASHIAN, DAMN.
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Comment by YoGi Fresh on January 7, 2009 at 4:23pm - Lmao
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