> posted on xbiz com: Club Jenna Deal Worth $17.6 Million
LOS ANGELES – Playboy Enterprises’ acquisition of Club Jenna was a $17.6 million deal, according to a Securities and Exchange Commission filing Wednesday.
The purchase, announced in June, includes websites, DVD titles, film production assets and retail distribution. Playboy also is incorporating Club Jenna’s DVD content into its pay-per-view TV offerings nationwide and will make use of the company’s contract stars in future productions.
Playboy paid $7.7 million at closing, with additional payments of $1.6 million, $1.7 million, $2.3 million and $4.3 million required in 2007, 2008, 2009 and 2010, respectively.
The deal also included “future contingent ‘earnout’ payments based primarily on sales of existing content of the acquired business over a 10-year period.”
At the time of purchase, Playboy chairman and CEO Christie Hefner said that “Club Jenna is a very attractive business, which we believe will be both financially accretive and strategically complementary as we continue to execute our multiplatform strategy.”
Both Jameson and her husband, Club Jenna President Jay Grdina, signed personal service agreements with Playboy in conjunction with the acquisition. But Jameson retains her industry persona and is free to appear in promotions for toy companies, mainstream advertisers and others.
The Club Jenna deal, brokered by Peter Holt Gardiner of Eclipse Entertainment Capital LLC, was said to be a coup for the publicly traded Playboy, which entered the hardcore DVD market for the first time in 2005 with the launch of Spice Studios and is facing increased competition in the PPV sector from Hustler TV and the impending launch of Penthouse’s own PPV channel.
On Tuesday, Playboy Enterprises Inc. announced a loss of $3.3 million as it pared 30 jobs and U.S. TV sales fell in the last quarter.
Playboy said U.S. TV sales fell 17 percent to $20.9 million in the quarter after a loss of exclusivity with DirecTV Group Inc., which dropped two of five Playboy channels. Rising competition from video-on-demand services also hurt U.S. TV sales. International TV sales rose 11 percent to $13.2 million.
> On www.xxxporntalk.com, Willie D comments about the Jenna-Jay split-up: There will have to be a valuation of the company stock, and an equal division of the total marital estate. Bitch should have dumped him first, then sold out to Playboy.
And fuck this Hefner shit. Hugh doesn’t own the mansion, he rents it.
> frankenswine comments: When jay did the deal one of the deal points was that jenna had to committ some of her time as the figure head to Playboy TV…By the way this was a deal done without a lot of her knowledge or input. jay was so desperate to pay off people he owed money, he made concessions that jenna had no approval on and as a result this lead to a huge fight between them which was the straw for the relationship..
> posted on sugarbank.com: After posting a fairly comprehensive list of adult industry agents, and advising those seeking on-camera work contact them, it was brought to my attention that most of them operate outside the law.
Whoops.
In California only a licensed and bonded agencies or attorneys can negotiate contracts or book talent legally. Not being licensed and bonded doesn’t make an agent inherently evil, but you have to wonder why they’d choose not to comply with the law and what that might mean if things ever get difficult between you and your representative.
As far as I’m aware the only two licensed and bonded adult talent agents are Black Widow Talent and Lighthouse Talent Agency (run by Adam “Seymore Butts” Glasser). I have to believe Jim South’s World Modeling Agency is also legit because if they weren’t, he’d have been busted years ago.
One of the great things about being a blogger and not a proper journalist is not having to phone everyone I listed and then check their credentials. If you’re serious about being paid to get laid I’d suggest you do though.
(N.B. Remember to actually see the paperwork and then check with the State of California to make sure the license is legitimate and still valid. You can probably download pretty good facsimiles from Pirate Bay in the ‘Jizz Bizz Legal Pack’ so don’t be fooled)
>pornlaw writes: Most adult agents are not licensed or bonded by the state, but dont expect California to start enforcing these laws. The Labor Division has basically been stripped of its power of enforcement and theres really no criminal investigations occurring in regards to agents.
Licensed and bonded doesnt always mean that the performers will be better represented or treated better. And for the most part, unless the agent is complying with all of the regs of a licensed and bonded agent is required to the license really means nothing. My advice to any performer is to talk with other performers before selecting an agent, interview that agent and question them as to how they are going to best represent you. Read any contract put before you by the agent and seek legal advice before signing it. And try to stay with the top 4 agents in the biz, you will probably get more work in the long run.