Playboy Enterprises 8-K 2006
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 19, 2006
Playboy Enterprises, Inc.
(Exact name of registrant as specified in its charter)
680 North Lake Shore Drive, Chicago, Illinois 60611
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (312) 751-8000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Section 1Registrants Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On October 19, 2006, Playboy Entertainment Group, Inc. and Spice Hot Entertainment, Inc., each indirect, wholly owned subsidiaries of the Registrant (collectively, Playboy), entered into an agreement with DirecTV, Inc. (DirecTV) to extend their existing relationship for the distribution of Playboy channels to DirecTV subscribers.
The agreement grants DirecTV the non-exclusive right to transmit Playboys Playboy TV, Spice Xcess and Club Jenna networks in the United States to customers of DirecTV for a period ending on November 15, 2008. Playboy currently provides DirecTV with Playboy TV and two additional channels through its existing agreement with DirecTV. Playboy anticipates that transmission of the new networks will commence on November 16, 2006.
Under the terms of the agreement, Playboys revenue will reflect its contractual share of revenues received from DirecTVs residential customers who purchase the right to view the networks programming, subject to DirecTV receiving certain minimum revenue amounts from the networks other than Playboy TV.
The foregoing is a summary description of the terms of the agreement and by its nature is incomplete. For further information regarding the terms and conditions of the agreement, reference is made to the complete text of the agreement, which will be filed as an exhibit to the Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 2006.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.