good tip, I found the email too:

"Effective April 1st 2017, Penthouse Cash minimum payout will become $200 for Check, Paxum and Paypal. Domestic and International wires remain a $500 minimum."

Good observation.

The Penthouse auction happened today. You will be pleasantly surprised as to who purchased it and for how much. Here is a hint; tubes, porn, & big money (millions). I will wait for the letter from the court to confirm. I've seen auctions happen and the winner backed out.

mindgeek?

It's my understanding that it went back-and-forth between MindGeek and XVideos. In the end, XVideos won at $11.2 million USD. I believe $3 million of that was contributed by Kirkendoll.

Now they can put the full length version of Caligula on xvideos.com

sigh....

MINDGEEK's dirty business as usual : they are making screenshots of XVIDEOS and sending them to Penthouse's broadcasting partners. I guess they are picking a couple videos that should be deleted in the sea of 8 million clips.

How pathetic is that? Sore losers scumbags.

Hell of a bureaucracy to collect money. Another letter from bankruptcy court saying settlement has been decided and we have until July 2, 2018 to file proof of claim.

This is your last chance to get your piece of the $11.2 Million.

:2 cents::2 cents::2 cents:

xvideos will probably make the $$ back in 1 year..

It's possible but they will need true leadership at Penthouse.

Any idea which case number should be checked at top of claim form for past due affiliate earnings?

Here you go, it's public record:

Bankruptcy Petition # / Case #: 1:18-bk-10098-MB
U.S. Bankruptcy Court
Central District of California (San Fernando Valley)

Debtor
Penthouse Global Media, Inc.
8944 Mason Ave.
Chatsworth, CA 91311
Tax ID / EIN: 47-2601335

Why weren't they in on this sale when it was originally up for sale? It went for 6 million, a few years ago.

Quite the profit in a few years, good one Kelly.

Companies that large should always have their ear on the ground. Or somebody sold it without contacting the right people, if that's the case. Unbelievable.

Not $6 million, but over $10 Million. Overall, as a debtor, the sale is a loss for the note holder.

Thanks, I am looking at the claim form the law firm sent out to creditors, which lists all the related case numbers at top. What I was trying to get at is affiliate earnings may not have been paid by parent company, Penthouse Global Media, which that case number is for but a related company involved like Penthouse Global Digital perhaps which is listed as a separate case number (1:18-bk-10102) at top of form. Forgot who the payor was on last check.

Edit: Never mind, found a check stub from last payment and it is from Penthouse Global Digital, Inc so gonna use case number 1:18-bk-10102

https://image.ibb.co/iUJJXo/IMG_20180605_222719.jpg

Gotcha, thanks for the clarification, i got the information from Shap on Xbiz. Figured he read the xbiz article

I have both media and digital but I use just one number. Their website says "Penthouse Global Media, Inc." but I guess they pay from whatever account has money that week.

What did you guys use as proof of claim? You think a screenshot of the outstanding payments inside NATS is enough?

That is what I was planning to use.

That's what I sent. They still can compare it to their own numbers inside NATS :thumbsup

That should do as evidence. This you swear, the court expects you to abide by the honor system or face the consequences of perjury.

Penthouse owed me about $250. I had to fill out a few forms, but I was able to get paid. Took about three months.

Did anyone receive payment yet from the bankruptcy case? I sent in my papers in time, but haven't heard anything yet.

Recieved just this morning - a nice email from Penthouse:

"Penthouse will be attending the 2019 AVN convention. We cordially invite you to a dinner hosted by us as a thank you for your continued support."

I replied "when you pay my overdue affiliate account" - bastards

Nothing, I filed proper claims for missing earnings before 1/11/18 (bankruptcy filing date) and for earnings from 1/11/18 to 6/15/18 ( bankruptcy to date company sold ). They have sent payments for some earnings for periods after 6/15/18. Would be nice to know when these claims were/are supposed to be paid to know whether they are late or not. They have not responded to multiple emails.

Did anyone receive payment yet from the bankruptcy case? I sent in my papers in time, but haven't heard anything yet.

No and I don't think we are likely to get paid. A copy of a motion filed with the bankruptcy court in January by the counsel of the bankruptcy trustee was mailed to me stating the debtors were "administratively insolvent" and requesting the case be changed from chapter 11 to chapter 7 which it eventually was in March. According to first link below, the trustee reportedly received $1.8 million to pay all claims and the claims exceeded that amount. Affiliate earnings were probably not as high on the priority list as others.

As you can see from second link below, there have been court filings related to this case since March but I am not familiar with them.

https://www.dailydac.com/from-pentho...ne-bankruptcy/
https://www.courtlistener.com/docket... order_by=desc

Even though the new company that bought them, owners of xvideos.com, has no obligation to pay the debts of the bankrupt company, I followed up with them to see if in the interest of maintaining good affiliate relations going forward they would be willing to pay some or all of the monies owed from before and they said they were not willing to do so. The new company has paid me monies earned since they bought the company on June 15th 2018.