-- New CEO Kelly Holland Reaffirms Commitment to Print Magazine; Plans Global Relaunch of Digital Platforms --
LOS ANGELES, Feb. 22, 2016 /PRNewswire/ -- Penthouse Global Media Inc. (PGMI), a newly formed company led by industry veteran Kelly Holland, today announced it has successfully acquired the Penthouse brand from FriendFinder Networks, Inc. (FFN), an Internet-based social networking and multimedia entertainment company. Terms of the deal were not disclosed.
Holland, former managing director and president for Penthouse's broadcast operations prior to the acquisition, will serve as PGMI's new CEO, responsible for growing the iconic Penthouse brand globally through new licensing agreements and an improved digital experience.
"While we plan to rollout a completely redesigned and reimagined global digital platform, we remain deeply committed to the 50+-year legacy of our print magazine," said Holland. "Penthouse will continue to offer print readers the perfect mix of luxury lifestyle, cutting edge journalism and the hottest women in the world -- nude -- because, as we all know, nudity is not and will never be passé."
Holland also will focus on reestablishing Penthouse as a leading entertainment brand, leveraging its rich history across various market segments, including a younger adult demographic.
"The Penthouse brand has enormous potential and undeveloped possibilities," added Holland. "It's in the right hands now, and we have the talent and resources to build equity across all of Penthouse's business units, including broadcast, publishing, licensing, and most immediately, digital."
About Penthouse Global Media, Inc.
Penthouse Global Media, Inc. publishes adult lifestyle content in print, broadcast and online platforms, including the iconic Penthouse magazine, founded in 1965 by legendary publisher Bob Guccione. The company was formed and acquired the Penthouse assets in February 2016.
For more information, contact Penthouse Global Media:
SOURCE Penthouse Global Media Inc.