- American City Business Journals•5 months ago
Playboy Enterprises Inc., which has been revamping its publishing business and seeking to sell its famed Playboy Mansion, may now be looking to sell itself. The Beverly Hills-based company has hired investment bank Moelis & Co. to advise it on a potential sale that could fetch more than $500 million for Playboy magazine and related branded licensing assets, reported USA Today. Founder Hugh Hefner, who has about a one-third stake in Playboy Enterprises, took the company private in 2011 alongside private-equity firm Rizvi Traverse Management, reported the Wall Street Journal.
- PR Newswire•7 months agoStephen David Entertainment and Alta Loma Entertainment Pact to Produce "AMERICAN PLAYBOY: The Hugh Hefner Story, Mini-Series Based on the Life of Playboy's Founder"
LOS ANGELES, Jan. 12, 2016 /PRNewswire/ -- Stephen David Entertainment (SDE – a Banijay Group company) and Playboy's Alta Loma Entertainment will co-produce a mini-series on the life of Playboy founder and American icon Hugh Hefner and his legendary company, one of the world's most recognizable brands. AMERICAN PLAYBOY: The Hugh Hefner Story will begin production in 2016. Stephen David will Executive Produce the project with Alta Loma executives Peter Jaysen and Dick Rosenzweig. The production partners are currently entertaining offers.
- American City Business Journals•7 months ago
The Playboy Mansion has been listed for sale for $200 million, but it doesn’t necessarily signal the end of its legendary parties or Playboy founder Hugh Hefner. Playboy Enterprises Chief Executive Scott Flanders said the time was right to sell the Playboy Mansion, which would enable the company “to continue to reinvest in the transformation of our business." However, one stipulation of the sale is that the buyer will allow Hefner, who has lived at the residence since 1971, to continue to live on the property. "The Playboy Mansion has been a creative center for Hef as his residence and workplace for the past 40 years, as it will continue to be if the property is sold," Flanders said in a statement.
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