Company Overview of Playboy Enterprises, Inc.
Playboy Enterprises, Inc. operates as a media and lifestyle company that markets brands through media properties and licensing initiatives. The company publishes Playboy magazines in the United States and internationally; operates Playboy.com, a lifestyle and entertainment site for men; and develops content for distribution via television networks, Websites, mobile platforms, and radio. It also offers vintage Playboy cardigans, hand-made eyewear products, skateboards, street wear, garments for fall/winter, fragrances, intimate apparel, street wear for female audience, and apparel and accessory items reflective of brand iconography, as well as spring/summer collections, which include hooded l...
9346 Civic Center Drive
Beverly Hills, CA 90210
Founded in 1953
Key Executives for Playboy Enterprises, Inc.
Chairman and Chief Executive Officer
Founder and Editor-In-Chief
Chief Financial Officer and Executive Vice President
Chief Operating Officer and President of Playboy Media
Chief Revenue Officer and President of Global Licensing
Compensation as of Fiscal Year 2015.
Playboy Enterprises, Inc. Key Developments
Playboy Enterprises, Inc. Announces Executive Changes
Jul 1 15
Playboy Enterprises, Inc. Chief Executive Officer, Scott Flanders announced a number of changes to the Playboy media team. Effective immediately, Cory Jones, who was previously Senior Vice President of Digital Content at Playboy, has been promoted to the position of Chief Content Officer at the company, where he will oversee content across both Playboy magazine and the company's digital platforms. Mr. Jones joined Playboy in June of 2014 and has presided over the development and re-launch of Playboy.com, which has seen a 250% growth in traffic since its reintroduction just 11 months ago. Mr. Jones replaces Jimmy Jellinek, who has served as Playboy's Chief Content Officer and Editorial Director since 2009. Mr. Jellinek has been promoted to President of Entertainment, including oversight of Alta Loma Entertainment Group, a media and lifestyle company that develops Playboy properties for film and television. Mr. Jellinek will work alongside the division's Head of Creative Affairs, Peter Jaysen. Jason Burhmester has been promoted to Editorial Director of Playboy magazine, reporting to Mr. Jones. Mr. Burhmester was previously Executive Editor of the magazine. Playboy Founder, Hugh M. Hefner, remains the Editor In Chief of the magazine. Additionally, Phillip Morelock has been promoted to the position of Chief Digital Officer at the company. Mr. Morelock previously served as Senior Vice President, Chief Product Officer at Playboy and was instrumental in leading the team that built Playboy's successful online and mobile platforms, including Playboy.com, Playmates.com and the recently launched app, Playboy NOW. In this new role, Mr. Morelock will continue to lead the digital product teams and will also oversee the advertising sales team led by Senior Vice President, Chief Revenue Officer and Publisher, Matt Mastrangelo. Mr. Jones and Mr. Morelock will report directly to Mr. Flanders. Mr. Jones, Mr. Morelock and Mr. Jellinek will continue to be based in Playboy's Beverly Hills headquarters.
Starr Indemnity Sues Playboy Enterprises Inc. over Employee Settlement
Mar 19 14
Starr Indemnity filed a lawsuit seeking a declaratory judgment that it has no obligation under its employment insurance policy with Playboy Enterprises to pay a settlement between Playboy and a former employee. Starr Indemnity & Liability Co. on March 14, 2014 filed a lawsuit seeking a declaratory judgment that it has no obligation under its employment insurance policy with Playboy Enterprises Inc. to pay a settlement between Playboy and a former employee. Alternatively, Starr seeks a judgment that the settlement comprises covered and uncovered loss and is therefore subject to allocation under the policy. Playboy had employment practices liability coverage for the period March 18, 2011, through March 4, 2012, through Starr Indemnity with a policy limit of $5 million and a $500,000 per-claim retention. Among other things, the policy states that Playboy should not assume liability, incur any defense costs or enter into a settlement without Starr Indemnity's prior written consent. The policy does not cover losses in connection with a claim related to any deliberate criminal or fraudulent act by Playboy. The policy also provides for Playboy and Starr to use their best efforts to determine a fair and appropriate allocation in the event Playboy incurs a loss that is both covered and not covered. Catherine Zulfer sued Playboy on September 25, 2012, claiming wrongful termination, age discrimination and violation of whistleblower protection, among other charges. A jury awarded Zulfer $6 million in damages after a five-day trial. Starr Indemnity in the court filing claims that it is apparent based on the jury's own statements that at least some portion of the total damages awarded included punitive damages. It claims it tried to work with Playboy's defense counsel regarding a fair allocation of the verdict, but Playboy refused to engage in such a discussion. Playboy then settled with Zulfer on March 7, 2014 without seeking or obtaining Starr Indemnity's consent to do so.
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