Win luxury hampers plus Waitrose vouchers & guidebooks
The company, which describes itself as “pro-sex” rather than pornographic, wants to launch a new gay brand as it tries to boost revenues beyond last year’s $329 million (£189 million).
Christie Hefner, the chief executive, said: “We’ve extended the Playboy brand to women, and where there is a meaningful gay market, launching under a different brand is something we are very comfortable doing.
“In the UK, our television people are very interested, and I wouldn’t be surprised if we launched something this year, given the importance of the market in Britain.”
Playboy’s plans to focus on the gay market are part of a strategy of diversification away from the company’s Playboy magazine which, despite its 3 million circulation, is only just profitable. The company has developed a more lucrative product-licensing division that targets women with clothing and accessories. It also wants to maintain growth by supplying adult mobile phone clips.
Soft-core pornography on television is its most profitable activity, although Ms Hefner prefers to describe the company’s activities as “valuing sexiness and style” and giving “entertainment for grown-ups”.
The company has been publicly listed since 1971, although Hugh Hefner, the 79-year-old founder and Christie’s father, remains in control with the help of a dual-share structure comprised of voting and non-voting stock.
Last year’s pre-tax profit was $14 million, ending several years of losses that stemmed from investment in internet expansion. The company, which is based in Chicago but has operations in New York, is worth $466 million.
Ms Hefner has run the business since 1988, 13 years after her father asked her to join the company in 1975. The 53-year-old said that she had wanted to be “a lawyer or a journalist” but “got intrigued by the business” in which you can “have big ideas, work with creative people and feel like you make a difference”.
However, the father-daughter duo have been a target of corporate governance criticism. Ms Hefner defended some of the perks enjoyed by her father, who is the chief creative officer of the business.
Mr Hefner’s Playboy Mansion, rarely open to the public, is owned by the listed company. Valued at $45 million, Mr Hefner pays a rent of $1.3 million in a house that can easily accommodate 1,000 for a party.
However, his daughter said that the “whole Playboy lifestyle is what gives the brand its value” and that the cost of the mansion “is modest compared to an advertising budget” that might otherwise be required to build the brand.
Ms Hefner, who described her father as “pretty cool”, acts as the serious face of the company in public “in different ways, at shareholder meetings”.
Read the training tips and advice that helped our London Triathletes
Times Online's new TV show helps you make the right decisions for your pet
Read our exclusive 100 Years of Fleming and Bond interactive timeline, packed with original Times articles and reviews
The latest travel news plus the best hotels and gadgets for business travellers
Shortcuts to help you find sections and articles

Overseas contacts and local business information

Find a course, arrange a game and save money
2007
£47,995
2008
£42,945
06/2006
£40,850
Great car insurance deals online
£33,000
Macmillan Cancer Support
Central/South West
£50k
NHS
Nationwide
£
£30k OTE
Meltwater News
Nationwide
circa £70k
Central Office of Information
London
5% below developer pre-launch price!
Luxury Appts, beautiful gardens w/ Thames views
Great Homes Available on a shared Ownership Basis
Great Investment, River Views
Visit the ‘entertainment capital of the world’
at great sale prices!
Christmas Cruises
From only £995pp
APTs East Coast now from only
£2425pp.
Great travel insurance deals online
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times. Globrix Property Search - find property for sale and rent in the UK. Visit our classified services and find jobs, used cars, property or holidays. Use our dating service, read our births, marriages and deaths announcements, or place your advertisement.
Copyright 2008 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.