Manwin is starting to feel the pinch.
According to the Wall Street Journal:
Already Manwin has tried to renegotiate the $14 million it promised to pay Playboy annually because the digital and TV content isn’t generating enough revenue, according to people familiar with the matter.
A Manwin spokeswoman declined to comment. Playboy said that, while such discussions were initiated, it refused to accommodate a reduction of its minimum guarantees.
Speaking of Manwin, you haven’t seen Fabian Thylmann’s name tossed about any lately, that would certainly bear out the tips I got that Manwin would quickly disassociate itself from him altogether, the big question is how much does Fabian know and is he playing ball quietly behinds the scenes? Is Daniel Sundin, Fabian’s former business partner and FBI wanted fugitive playing ball to burn Manwin and Fabian?
And what does the primary investor Fortress Investment Group have to say about it all, they have been tight lipped about it all hoping it would blow over with no repercussions for them. Normally a publicly traded company (NYSE: FIG) pouring money into a business with ties to the likes of Sundin and Bob Rice would raise a lot of red flags.