Penthouse Media Group plans to release a number of new titles after its acquisition of the JKP library is completed.
CEO Marc Bell has said the new releases include over 60 as-yet-unreleased titles, in addition to a library of 400 movies and compilations.
"In this case, Jill Kelly’s devoted fan base will drive viewership and sales of adult products and services to the mutual benefit of Penthouse and its mobile licensees, Internet webmasters and cable and satellite television affiliates,” Bell said.
“Platform wise, the acquisition will have a positive impact across the board,” said Penthouse President of Entertainment, Jim English, “but will provide the greatest boost to our Penthouse TV broadcast network. The JKP library of movies will be a welcome addition to our much anticipated adult line-up of original programs and movies.”
Penthouse Media Group successfully bid to acquire the significant assets of JKP at a California bankruptcy court auction on Monday. Competitors Playboy, XGen LLC and New Frontier Media also participated in the auction. The $1.765 million acquisition will further expand Penthouse’s multi-media platform.
For additional details about the deal, click here.
