Psychic Friends Network
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.
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". 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.
The infomercials became the most popular to date, and parodies and imitators soon followed. The parent company, Inphomation, took in profits of over $100 million within the first few years of the Network's operation. From 1992-1997, the Psychic Friends Network infomercials were named top infomercial of the year by the Jordan-Whitney Greensheet. The company declared bankruptcy in 1998 due to poor business decisions and spiraling competition. 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.
- Surowiecki, James. "What Psychic Friends Failed to Foresee". Slate. Retrieved 14 July 2011.
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- Harrison, David; De Marco, Donna (1998-02-13). "Lawsuits forecast Lasky's troubles". Baltimore Business Journal. Retrieved 2008-12-08.
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- Edward, Mark (2012). Psychic blues : confessions of a conflicted medium. Port Townsend, WA: Feral House. ISBN 978-1-936239-27-6.
- "Vivica A Fox Is Not A Psychic Friend". PerezHilton.com. 2009-02-03. Retrieved 2013-11-22.
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