Posted by: Soopergrizz
Playboy gets lever to dump Club Jenna? - 01/17/08 12:51 PM
Does Jenna's retirement and active dissing of the industry affect her deal with Playboy?
Willie's inciteful commentary at the time of the sale ( clicky) is more interesting now then it was then.
Even if Playboy can't get their money back, the 10-Q filings make it clear that Playboy would have only paid about half the purchase price so far, and what with Jenna destroying the brand ....
Please discuss.
From Lukeisback much better now that Lukeisgone
Is that the sound of papers rustling in lawyers' offices?
Willie's inciteful commentary at the time of the sale ( clicky) is more interesting now then it was then.
Even if Playboy can't get their money back, the 10-Q filings make it clear that Playboy would have only paid about half the purchase price so far, and what with Jenna destroying the brand ....
Quote:source
We 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. Pursuant to the acquisition
agreement, we are also obligated to make future contingent earnout payments
based primarily on sales of existing content of the acquired business over a
ten-year period after the closing of the acquisition and based on content
produced by the acquired business during the five-year period after the closing
of the acquisition. As of June 30, 2006, no earnout payments have been made.
Please discuss.
From Lukeisback much better now that Lukeisgone
Quote:
Playboy Up in Arms Over Jenna Retirement Speech
By LUKE IS BACK |
Jenna Jameson’s Saturday night retirement speech at the AVN Awards was hardly tactful, and left many porners and fans with a sour taste. I hear that Jenna had a specific clause in her contract with Playboy (the one that governed her sale of Club Jenna to Playboy) that forbids her from making such announcements.
Club Jenna has dozens of Jenna sex scenes in the can, poised to be released gradually over the next few years. Her speech turns them into "old footage," when otherwise the audience would have been none the wiser.
Playboy has already served Showtime with an injunction preventing them from airing the AVN Awards with Jenna’s speech included. Playboy is in major damage control mode. I hear they are looking at this possibly as their loophole out of the terrible Club Jenna acquisition.
Is that the sound of papers rustling in lawyers' offices?
Jenna Jameson
