Also in this playlist...
This transcript is automatically generated
All today we have been doing the business of vice -- -- and there are few iconic visionaries in the adult entertainment industry.
A -- lemon sat down with the most controversial.
And successful name and that business classes.
Cheryl brought a working sat here in the valley in California for penthouse but it is another name hustler.
That evokes sort of a harder core pornography thought when it comes to what goes on in the adult entertainment world.
Larry Flynt started his first business he bought a bar in Kentucky he grew up.
In the most -- county in the entire united stats states he said.
The only export his tiny town -- was jury duty that's how small -- was it'd make anything they were very poor they have food stamps.
And it was a situation where he woke up and said he wanted to be an entrepreneur or hit bottom bar in the sixties and then it turned.
What began as a four page newsletter.
A sexy newsletter into a magazine and by 1974.
Hustler was born.
But what has come up since then -- began at a Fox Business exclusive by asking Larry -- house the business of sin and sex.
There's this is great he would no doubt about it or -- a lot better helped -- -- not have had their recession.
I can't complain.
Are -- operations.
You -- businesses having his best here.
You've got some 1516.
Dvd production some 65 domestic and international channels you've got the casinos you've got apparel stores you've got web sites.
Hustler mobile hustler novelties.
You've got a department store that sells erotica which one of these has the potential to bring you the most revenue in the next decade.
I'm a -- tossup between a broadcast division and -- damning.
45 years ago the united Cyprus on my profits came from publishing.
Only 5% of my Bob has come -- -- its prime.
Are terrible disappointment.
-- made Diaz by the you do you give up something when you get something and technology then great it's been great for.
It's change -- -- traditional.
Do you anticipate that if the trajectory remains the same Larry that Hustler Magazine will not exist in -- magazine form in the next highest.
I don't think console world exist more -- another two to three years who were already fighting or hard Digital's.
Our -- hustler.
In order to preserve the slam what's your market share.
Overall of adult entertainment we've got a round of 70% market share and we're going to since he's telling different country and paying less than a 100% -- -- -- -- -- not acceptable.
There is so much out there that's free is that gonna kill your business.
He wants -- time when we will really concerned about -- free stuff for five years ago my.
It's about played itself out now.
-- -- of real estate.
Man as well this building we're in right now we're on the top floor of a ten story building that you bought back in the eighties for about eighteen million your putting it up for sale now.
IA each year you might get anywhere from eighty to ninety million dollars wire used choosing to sell now.
And 99 floor -- email plus I would and I'll throw Manning I'm gonna take -- because.
I and floods have mounted a war.
Want to get to politics because it's something that excites an interest CU you were very vocal about being against -- against bailouts.
You even made almost a joke and a parity by saying -- give the porn -- -- bailout would you tweak your your feel.
About I was against bailing out the banks how was against bailing out Detroit.
And I -- big difference there and I think we've gotten a serious problem was.
What some banks and had things a politician who's gotten -- if we counted on that director of privacy toys and we.
-- -- they're too big to fail are also to be to exist.
Until -- government recognizes that -- does something about it we got a series.
I'd be remiss if I didn't bring up the fact that you were a victim of an attempted assassination.
-- -- -- Killian and shot you and that's why you're partially paralyzed today.
There's so much talk right now Larry about gun control after the Newtown school shootings where do you stand on that.
Groups and yourself.
But for these mindless.
Home wanna be raised well.
As I say you know you can have a titanium front yard or -- away and honestly I seem to be no limitations.
In terms of what kind of assault weapons that you can now.
Would you be for an assault weapon ban it.
You came from the poorest county in America and Kentucky and today you're surrounded by.
Opulence which arguably simply came from hard work and a single idea.
Just the American dream still exist.
I -- and so Aaron.
You know I had did come from those points -- -- America as expenses.
-- -- probably obstacles that you have to overcome.
And in order to achieve them so.
No -- does somebody has had an underprivileged.
-- sure that handicaps them but you can't say that those individuals.
Can't make say -- opportunity after the -- hands.
Larry -- A true entrepreneur or whether you agree -- with what he does.
Doesn't matter he grew.
Nothing into something of multi billion dollar empire he of course worth about a half a billion dollars and talk too much about what he's worth but he is one of the iconic.
Real old that supporters of the First Amendment the right to free speech and Larry went to somebody who really is the future.
It you should watch because even though -- seventy years old he is still very much in the game coming.
Filter by section