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20-Apr-2016 23:34 by 7 Comments

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is an American privately held global media and lifestyle company headquartered in Beverly Hills, California.It was founded by Hugh Marston Hefner to initially manage the Playboy magazine empire.

The company also owns and operates the Playboy Mansion property in Los Angeles, California.Playboy Enterprises was created in 1953 as the HMH Publishing Co., Inc. The business quickly expanded and began to develop and distribute a wider range of adult entertainment. Christie Hefner, daughter of Hugh Hefner, was the President from 1982, and Chairman of the Board and Chief Executive Officer from 1988, until she left the company in 2009.In late 2015, it was announced that Playboy Magazine would drop all centerfolds in their magazines.The first magazine without centerfolds was the March,2016 edition, released in early 2016.The Age reported in October 2008 that, for the first-time ever, Hugh Hefner was selling tickets to his celebrity-filled parties to offset his cash-flow problems due to setbacks Playboy Enterprises has suffered, including decreasing Playboy circulation, decreasing stock value, and ventures that have yet to turn a profit.Playboy also ran forty Playboy Club properties from 1960 to 1986.

From 1981 to 1984, the company was a partner in the Playboy Hotel and Casino in Atlantic City, New Jersey.

Playboy Enterprises was denied a permanent New Jersey gaming license and was forced to sell out to its partner, which changed the name of the hotel/casino to the Atlantis Hotel and Casino.

The company returned to the nightlife business with the Playboy Club at the Palms Casino Resort in Las Vegas, which opened in 2006 The company's Playboy Foundation provides grants to non-profit groups involved in fighting censorship and researching human sexuality.

The Playboy Entertainment Group is a division of Playboy Enterprises that includes Playboy TV and Playboy Online, which is the fastest growing revenue source for the company.

The Entertainment segment develops, produces, acquires, and distributes various feature films, magazine-format shows, reality-based and dramatic series, documentaries, live events, and celebrity and playmate features for television networks, Web-based entertainment experiences, portable podcast entertainment, DVD products, and online gaming under the Playboy and Spice brand names. by all six of the major multiple system operators and both of the satellite direct-to-home, or DTH, providers.

As of December 31, 2005, it owned, operated, or licensed 23 television and movie networks under Playboy TV, Playboy TV en Espanol, and Spice in the United Kingdom, South East Asia, Australia, New Zealand, Israel, and Japan. In 2005, a Playboy satellite radio station launched on Sirius Satellite Radio.