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 Flip509 on January 7, 2009 at 4:21pm - ...About they bailout sni-tchyI.P aka clifford Harris!!if that bailout passes...America will really be recognized as the official land of sin!!!My taxes wont be paying for ass filling or dick sucking!!!Real talk homie!!otherwise Im gonna fuck Hillary Clinton!!I know she been waiting to get payback on Bill!lmao
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Comment by This.Iz.G on January 7, 2009 at 4:19pm - are you kidding me bail out for porn?
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Comment by N.M.N.I. EMPIRE on January 7, 2009 at 4:18pm - porn convetion in las vegas this week AVN AWARDS
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Comment by nick (Gang Green) on January 7, 2009 at 4:18pm - tah if the govt gives em 5 billie for porn im gonna flip thats my tax money
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Comment by HazeInMyDutch on January 7, 2009 at 4:17pm - If this mutha fucka gets 5 bill for porn ima bug the fuck out... that shit aint even rite
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Comment by Arnold on January 7, 2009 at 4:15pm - hahahaahaa, get better ho's n shit.
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Comment by Flip509 on January 7, 2009 at 4:15pm
- 2nd...Im a pornstar too!but my movies still ...recording all day baabaay!!lmao
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