Getbig Bodybuilding, Figure and Fitness Forums
September 29, 2016, 08:30:29 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
 
   Home   Help Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: ‘Playboy Magazine’ on sale for $500 million  (Read 2420 times)
BayGBM
Getbig V
*****
Gender: Male
Posts: 18497



« on: March 28, 2016, 08:02:44 AM »

‘Playboy Magazine’ on sale for $500 million
By Daily Dish

Playboy Magazine, once infamous for bunny girls and nude photoshoots, is up for sale.

Months after putting the Playboy Mansion on the market, Playboy bosses are exploring a possible sale of the entire media company, including its iconic magazine.

A sale, which could value the company’s assets at more than $500 million, would include the brand’s website, mansion, licensing deals and various entertainment extensions.

In January, the company put the Playboy Mansion up for sale for $200 million. But according to the sale terms, the founder of the magazine Hugh Hefner, who turns 90 next month, must be allowed to live at the mansion for the rest of his life.

It has not been sold yet.

Playboy, famous for its iconic bunny logo, and bunny girls, has been struggling amid increased online competition, and earlier this year the 63-year-old company published its first magazine featuring no female nudity. The issue was a success attracting more advertisers and more outlets stocked it.

After putting the mansion up for sale, Playboy tasked an investment firm to gauge if there was interest from any buyers in taking over the entire company.

Playboy Chief Executive Scott Flanders told CNN on Thursday: “… several well funded entities have expressed interest.”

Flanders added he has interest from buyers from all around the world.

Hefner’s company reportedly generated $38 million from media publishing initiatives and $55 million from licensing its brand to other companies last year, according to The Wall Street Journal.


* Hef.jpg (85.91 KB, 398x600 - viewed 1417 times.)
Report to moderator   Logged
Montague
Getbig V
*****
Gender: Male
Posts: 12956


You miss every opportunity you don't take.


« Reply #1 on: March 28, 2016, 02:42:56 PM »

Is his daughter still involved with the company?

The stipulation that he be allowed to live there after the sale seems a little tacky and even sad.
Report to moderator   Logged
BayGBM
Getbig V
*****
Gender: Male
Posts: 18497



« Reply #2 on: March 28, 2016, 03:10:46 PM »

Is his daughter still involved with the company?

The stipulation that he be allowed to live there after the sale seems a little tacky and even sad.

Very!  If that is what they want, why not wait until he passes on to sell it?  Buyers don't like deals with strings attached... especially when they are spending hundreds of millions. Angry
Report to moderator   Logged
GigantorX
Getbig V
*****
Posts: 5756


GetBig's A-Team is the Light of Truth!


« Reply #3 on: March 28, 2016, 04:13:07 PM »

Is the magazine even worth that?

I read that, beginning quite some time ago, that Hugh wasn't even involved in anything anymore and not worth all that much.

Sad
Report to moderator   Logged
BayGBM
Getbig V
*****
Gender: Male
Posts: 18497



« Reply #4 on: March 28, 2016, 07:08:41 PM »

Is the magazine even worth that?

I read that, beginning quite some time ago, that Hugh wasn't even involved in anything anymore and not worth all that much.

Sad

Do you (still) read playboy?  Do you know anyone who does?  There's your answer. 
Report to moderator   Logged
Montague
Getbig V
*****
Gender: Male
Posts: 12956


You miss every opportunity you don't take.


« Reply #5 on: March 29, 2016, 04:55:19 PM »

Very!  If that is what they want, why not wait until he passes on to sell it?  Buyers don't like deals with strings attached... especially when they are spending hundreds of millions. Angry


If the day comes that I have to sell my Dad's house before he dies, I'm instructing the attorney to include a similar rider in the sales agreement.

Really, it's FUCKING BRILLIANT!!

I mean, who WOULDN'T want a creepy, old guy sex-addict living with them in their house?
With that stipulation, the house will practically sell itself!
Report to moderator   Logged
Pray_4_War
Getbig V
*****
Gender: Male
Posts: 6874


Alfa Mail


« Reply #6 on: March 29, 2016, 09:10:46 PM »

No thanks, I already have herpes.
Report to moderator   Logged
SF1900
Getbig V
*****
Posts: 33055


Getbig Mensa


« Reply #7 on: April 07, 2016, 08:37:13 AM »

He was worth about 200 million at some point, now he is down to a measly 50 million.

Hugh Hefner net worth: Hugh Hefner is an American entrepreneur and founder of Playboy magazine who has a net worth of $50 million. According to paperwork filed in 2009 as part of a divorce, Hugh Hefner estimated his own net worth to be $43 million. At the peak of Playboy, Hefner's net worth was over $200 million. Unfortunately, the company has not performed will over the last 10-15 years as magazine sales have diminished rapidly. In the period between 2000 and 2010, Playboy's stock price fell 80%. The company was taken private in 2011 by Hefner and private equity firm Icon Acquisition Holdings. Another private equity firm called Rizvi Traverse. Hefner owns 35% of the Playboy brand and 100% of the actual magazine.
Report to moderator   Logged

X
youandme
Getbig V
*****
Posts: 9185

GET IT


« Reply #8 on: April 15, 2016, 07:46:50 AM »

Is his daughter still involved with the company?

The stipulation that he be allowed to live there after the sale seems a little tacky and even sad.

It's common with family houses and historic places that have relevant history or popularity.  A common stipulation with plantation homes in the south.

Playboy just needs to reinvent itself and do porn. It already has the brand recognition.
Report to moderator   Logged
mike321
Getbig II
**
Posts: 20


« Reply #9 on: May 01, 2016, 08:49:02 AM »

They need to totally reinvent themselves and become purely a digital company. They have such a strong brand that they can enter new markets and get immediate attention.
Report to moderator   Logged
doggler
Getbig III
***
Posts: 411



« Reply #10 on: May 13, 2016, 11:17:54 AM »

Playboy is done-
Report to moderator   Logged
TuHolmes
Getbig V
*****
Posts: 4343


Bitch... Go apply for a 'fatport'


« Reply #11 on: May 13, 2016, 11:59:45 AM »

Speaking of interesting clauses in sales of property.

There is a theme park in Virginia named King's Dominion. There was a legal clause when the land was sold to the company that built the theme park that states that some interesting things.

Keep in mind it was bought from a family named "Benton"

1. If any member of the family wishes to have a job, the theme park must give them one. No questions asked.
2. There is a house in the middle of the parking lot that must remain and be kept up.
3. There is a small graveyard in the parking lot as well. It can never be touched.
Report to moderator   Logged
Pray_4_War
Getbig V
*****
Gender: Male
Posts: 6874


Alfa Mail


« Reply #12 on: May 18, 2016, 05:19:19 AM »

Buying Playboy magazine would be the equivalent of when Randy bought a Blockbuster video franchise on South Park.
Report to moderator   Logged
The Abdominal Snoman
Getbig V
*****
Gender: Male
Posts: 22404


DON'T BE A TRAITOR TO YOUR TRIBE


« Reply #13 on: June 07, 2016, 10:52:24 PM »

They need to totally reinvent themselves and become purely a digital company. They have such a strong brand that they can enter new markets and get immediate attention.

They let the old guy have way too much control over the last couple decades. Dude watches movies off reels like it's cool. All because he's probably scared to death of a computer. Playboy should have been a multi-billion dollar brand when the internet when into full effect.
Report to moderator   Logged
Eric2
Getbig IV
****
Posts: 1888



« Reply #14 on: July 19, 2016, 08:40:33 PM »




Common guys..........if you mention Playboy put a fucking picture up at least.
Report to moderator   Logged

h
Eric2
Getbig IV
****
Posts: 1888



« Reply #15 on: July 19, 2016, 08:41:30 PM »

Report to moderator   Logged

h
Eric2
Getbig IV
****
Posts: 1888



« Reply #16 on: July 19, 2016, 08:43:55 PM »

Report to moderator   Logged

h
Eric2
Getbig IV
****
Posts: 1888



« Reply #17 on: July 19, 2016, 08:45:39 PM »

Report to moderator   Logged

h
Eric2
Getbig IV
****
Posts: 1888



« Reply #18 on: July 19, 2016, 08:47:41 PM »

Report to moderator   Logged

h
Eric2
Getbig IV
****
Posts: 1888



« Reply #19 on: July 19, 2016, 08:54:44 PM »

Report to moderator   Logged

h
Eric2
Getbig IV
****
Posts: 1888



« Reply #20 on: July 19, 2016, 08:59:24 PM »

Report to moderator   Logged

h
Hack Benchers
Getbig III
***
Gender: Male
Posts: 670


THINK BIG ->GET BIG


WWW
« Reply #21 on: August 27, 2016, 02:08:13 PM »


If the day comes that I have to sell my Dad's house before he dies, I'm instructing the attorney to include a similar rider in the sales agreement.

Really, it's FUCKING BRILLIANT!!

I mean, who WOULDN'T want a creepy, old guy sex-addict living with them in their house?
With that stipulation, the house will practically sell itself!

I read this week that actually hugh sold the mansion and can stay there until he goes up to the eternal grotto
Report to moderator   Logged
Montague
Getbig V
*****
Gender: Male
Posts: 12956


You miss every opportunity you don't take.


« Reply #22 on: August 27, 2016, 02:57:30 PM »

I read this week that actually hugh sold the mansion and can stay there until he goes up to the eternal grotto


Did they reveal the buyer's identity?
Report to moderator   Logged
Hack Benchers
Getbig III
***
Gender: Male
Posts: 670


THINK BIG ->GET BIG


WWW
« Reply #23 on: August 27, 2016, 10:09:21 PM »


Did they reveal the buyer's identity?

In believe it was one of his neighbours
Report to moderator   Logged
sync pulse
Getbig IV
****
Posts: 3592



« Reply #24 on: September 16, 2016, 12:17:53 AM »

In believe it was one of his neighbours

They probably bought it as a "tear down", to consolidate the two grounds...It's been a movement in LA County to buy up houses whose lots were subdivided from larger estates of the early 20TH Century for the purpose of re-consolidating these old estates.
Report to moderator   Logged
Pages: [1]   Go Up
  Print  
 
Jump to:  

Theme created by Egad Community. Powered by MySQL Powered by PHP Powered by SMF 1.1.20 | SMF © 2013, Simple Machines Valid XHTML 1.0! Valid CSS!