Psychic Friends Network

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Psychic Friends Network
Web address www.psychicfriendsnetwork.com
Available language(s) English
Current status Online

The Psychic Friends Network was a telephone psychic service operating in the United States in the 1990s. The company's infomercials were aired frequently on late night television and in 2012 launched a website.

History[edit]

The Psychic Friends Network was launched in 1991, with an infomercial, and a circuit breaker, that took the calls and forwarded them to the "psychics" who were working at home. This technology allowed the customers to build personal relationships with individual "psychics".[1] Presented in talk show-like format and hosted by singer Dionne Warwick and psychic Linda Georgian, each installment featured a 1-900 number for viewers to call to consult a psychic at the rate of $3.99 per minute. The program also featured reenactments of callers' stories and appearances by daytime soap opera stars.[2]

The infomercials became the most popular infomercial to date, and parodies and imitators soon followed.[3] The parent company, Inphomation, took in profits of over $100 million within the first few years of the Network's operation.[4] From 1992-1997, the Psychic Friends Network infomercials were named top infomercial of the year by the Jordan-Whitney Greensheet.[5] The company declared bankruptcy in 1998 due to poor business decisions and spiraling competition.[6] In 2001, the bankruptcy trustees for the Psychic Friends Network sued MCI WorldCom Network Services Inc for mismanagement of billing and collections and won a judgement of $4.1 million in 2004.[7]

Michael Lasky re-purchased the assets of the company, including the trademark. PFN later re-launched online, this time starring Vivica A. Fox as the new celebrity host, replacing Warwick.[8]

References[edit]

  1. ^ Surowiecki, James. "What Psychic Friends Failed to Foresee". Slate. Retrieved 14 July 2011. 
  2. ^ Braxton, Greg (2004-09-27). "But there’s more!". The L.A. Times. Retrieved 2008-12-08. 
  3. ^ "Infomercial history highlights". usatoday.com. 2004-10-24. Retrieved 2008-12-08. 
  4. ^ Harrison, David; De Marco, Donna (1998-02-13). "Lawsuits forecast Lasky's troubles". Baltimore Business Journal. Retrieved 2008-12-08. 
  5. ^ Dean, Mensah (1996-06-10). "Psychic pals predict wealth and prosperity". Insight on the News. Retrieved 2008-12-08. 
  6. ^ Patalon, William. "Psychic Friends firm goes bankrupt Lasky's Inphomation Communication files for Chapter 11". Baltimore Sun. Retrieved 14 July 2011. 
  7. ^ Atkinson, Bill. "MCI settles claim of psychic network". Baltimore Sun. Retrieved 14 July 2011. 
  8. ^ "Vivica A Fox Is Not A Psychic Friend". PerezHilton.com. 2009-02-03. Retrieved 2013-11-22.