With the financial industry, auto makers and more getting assistance from
the federal government to stay afloat during the recession, the
adult industry decided it would try to get something as well.
Girls Gone Wild CEO Joe Francis and “Hustler” magazine publisher Larry
Flynt have said they will petition Congress for financial aid along the lines of
what the Big Three auto makers are getting.
Francis said that he and Flynt are asking for $5 billion, and that they
have sent letters to Treasury Secretary Henry Paulson, Congress and their local
Congressman, Henry Waxman (D-Calif.) with the proposal. Rep. Waxman's office did
not immediately respond to a request for comment.
With the $5 billion, they would "invest in building new means of
distribution, and shoring up our distribution right now to prevent further
erosion from factors like Youporn and other Internet content that has seriously
affected our business over the past few years," Francis said in an interview
with FOX Business. "We will use the money wisely, and we will create more
jobs."
Francis said that if invited, he and Flynt would drive across the
country in a hybrid vehicle to present their plans to Congress.
The press release noted that DVD sales and rentals for the adult industry
have decreased by 22% in the past year, partially because people are turning
more and more to the Internet for adult content.
"People are too depressed to be sexually active," Flynt said in the press
release. "This is very unhealthy as a nation. Americans can do without cars and
such but they cannot do without sex."
Francis said he and Flynt would also be
willing to discuss the possibility of the government buying equity stakes in
their companies, as was done with financial firms.
"If the government would like to be a partner with Mr. Flynt and I, we’re
certainly amenable to it," he said.
Porn Industry Wants a Bailout
Info Post
They can ask all they want, but I'm not putting money in THAT cup.
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