Adult entertainment industry seeks bailout funds
January 7, 2009 by Personal Liberty News Desk
It may boggle the mind, but the adult entertainment industry has become the latest sector to ask the government for money to stay afloat.
Larry Flynt, known for publishing Hustler, and Girls Gone Wild CEO Joe Francis have indicated they plan to petition Congress for a bailout.
According to Francis’ spokesperson, they are asking for a similar arrangement to that sought by the Big Three automakers last month.
"Congress seems willing to help shore up our nation’s most important businesses – we feel we deserve the same consideration," Francis commented.
The pair cited statistics showing that their sector has suffered in recent months. DVD sales and rentals fell by 22 percent over the past year, as more people turn to online options, they said.
Flynt suggested that by helping the adult entertainment industry, the government would be making an important investment.
"Americans can do without cars and such but they cannot do without sex," he said.
Meanwhile, the Washington Post reported that GM has received its first installment of bailout money, in the form of $4 billion dollars.