Daily Planet (brothel)

Daily Planet Elsternwick
Industry Brothel
Founded 1975
Founder John Trimble
Headquarters Melbourne, Australia
Website www.dailyplanet.net.au

Daily Planet Elsternwick is a licensed brothel in Melbourne, Australia. The brothel has won the Australian Adult Industry Award for "Best Brothel Overall" and "Best Brothel Reception & Staff" in the years 2004–2011.[1]

The 18-room brothel is located at 7 – 12 Horne Street, Elsternwick, a southern suburb of Melbourne.[2] It was also mentioned in interviews and promoted by blink 182 during an Australian tour in 1998.[3]

Daily Planet Elsternwick was founded in 1975 by John Trimble, who remains the owner. Andrew Harris, who served as the company's CEO from 2002 until 2006, stated in 2002 that the operation generated annual profits of about A$2 million.[4]

In 2003 the brothel's operation was separated from its real estate holdings, and the real estate property trust, named Daily Planet Ltd., proceeded with an initial public offering. Heidi Fleiss had been hired to generate publicity.[5] The company acquired strip club businesses in 2003.[6]

In 2004 the company resolved to sell the Daily Planet property for about A$5.7 million. The reason given was that the Business Licensing Authority would scare aware investors, with the power of treating them as associates to a brothel. The company changed its name to Planet Platinum and went on to pursue its investments in strip clubs.[7][8] However, the sale of the Daily Planet real estate never happened and the property was taken off the market in 2006.[9]

The share price of the company had initially soared to about four times the price at IPO, but as of early 2007 it had fallen back to about one quarter of the price at IPO.

See also

References

  1. ↑ Australian Adult Industry Awards website, accessed 3 February 2011
  2. ↑
  3. ↑ "YouTube video". YouTube. Retrieved 26 June 2016.
  4. ↑ Sex and the market, The Age, 23 July 2002
  5. ↑ Daily Planet listing centred on a new bottom line, The Age, 2 May 2003
  6. ↑ Expansion drives up Daily Planet shares, The Age, 24 July 2003
  7. ↑ Daily Planet looks beyond red light, The Age, 18 June 2004
  8. ↑ Daily Planet brothel for sale, The Age, 13 September 2004
  9. ↑ Planet Platinum Press Release, 27 February 2006

External links

Coordinates: 37°53′4.7″S 144°59′59.2″E / 37.884639°S 144.999778°E / -37.884639; 144.999778

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