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Playboy Enterprises was founded in 1953 by Hugh Hefner to manage the publication and distribution of the Playboy magazine. The company has experienced tremendous growth since its inception and currently boasts of three segments:
1). Publishing-which is in charge of the business aspect of the Playboy magazine,
2). Entertainment- which manages the electronic assets of Playboy Enterprises. This includes the open source software, the Spice Network, the playboy website and the production of the adult videos.
3). Licensing- this oversees the licensing of the Playboy name and its logo to third parties.
Playboy Enterprises is one of the major players in the adult entertainment industry and has had good …show more content…
The company has exploited the influence of its brand to further advance its commercial interests. It has been able to acquire other players in the industry as seen in the acquisition of ClubJenna in 2006. In the same year, the company also entered into a joint venture with Palms Casino Resort leading to the establishment of the Playboy Club casino, Playboy nightclub and a Playboy store. Through its Licensing division, the company has also established the Playboy branded line of licensed fashion and consumer products. These include both men and women fashion clothing and accessories, home furniture and fittings as well as entertainment products. This business