Larry Flynt Publications
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Larry Flynt Publications, or LFP, Inc., runs the adult entertainment empire founded by Larry Flynt. Founded in 1976, two years after Flynt began publishing Hustler magazine, LFP was originally to serve as the parent company of this magazine.
After 1976, Larry Flynt Publications expanded to include many pornographic men's magazines as well as mainstream titles under its umbrella. When the market for men's magazines softened in the 1980's[citation needed], LFP expanded into production of adult videos and further into the mainstream publishing market. It launched a series of special-interest magazines, such as Camera & Darkroom Photography, PC Laptop Computers and Maternity Fashion & Beauty.[1] To accommodate this expansion, the company moved its headquarters to Wilshire Boulevard in Beverly Hills, California, where it remains to this day.
As the 21st century approached, magazine sales further declined. Together, the company's 31 periodicals had a monthly circulation of between 2.5 and 3 million.[citation needed] This was a far cry from the 1970s, when Hustler alone sold that many copies each month.[1] Because of this LFP focused on turning its magazine and video titles such as Hustler, Barely Legal, Busty Beauties, Beaver Hunt, and Asian Fever into profitable websites.
By 1998, estimates LFP was doing $135 million in annual sales with 51,112 periodicals published and 7,812 movies and or video tapes produced.[1] LFP's most profitable business is not a publication— it's the Hustler Casino, which Flynt has said accounts for over $20 million in profits in 2007.[2]
[edit] References
- ^ a b c Pederson, Jay. International Directory of Company Histories, Vol. 31. St. James Press, 2000.
- ^ Larry Flynt's Big Score from an April 2007 article in Card Player magazine
[edit] External links
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