Playboy, Inc. has won an arbitration against New Handong Investment, receiving damages of approximately $81 million. The termination notice issued by Playboy was deemed lawful, and New Handong must cease using Playboy’s property. The Tribunal rejected New Handong’s counterclaims and ordered payment for outstanding royalties, termination fees, and unpaid marketing expenses. Playboy’s CEO, Ben Kohn, emphasized the brand’s value and commitment to protecting its intellectual property. New Handong has until September 20, 2025, to make full payment, with Playboy planning enforcement actions if necessary. Playboy, Inc. is a global company focused on pleasure and leisure, with a presence in 180 countries.

Read more at GlobeNewswire: Playboy Awarded $81 Million in Damages in Arbitration