Exhibit 21 PLAYBOY ENTERPRISES, INC. AND SUBSIDIARIES EXHIBIT 21 PARENT AND SUBSIDIARIES Hugh M. Hefner is a "parent" of the Company, as defined under the Securities Exchange Act of 1934, as amended, by virtue of his stock ownership. Mr. Hefner beneficially owned 69.95% of the outstanding voting stock of the Company as of August 31, 1996. The accounts of all of the subsidiaries are included in the Company's Consolidated Financial Statements. Set forth below are the names of certain active corporate subsidiaries of the Company as of June 30, 1996. Certain subsidiaries are omitted because such subsidiaries considered individually or in the aggregate would not constitute a significant subsidiary. Indented names are subsidiaries of the company under which they are indented: Percent Jurisdiction in Ownership which Incorporated By Immediate Name of Company or Organized Parent - --------------- ------------------ ------------- Playboy Enterprises, Inc. (parent) Delaware Lake Shore Press, Inc. Delaware 100% Lifestyle Brands, Ltd. Delaware 100% Playboy Models, Inc. Illinois 100% Playboy Products and Services International, B.V. The Netherlands 100% Playboy Entertainment Group, Inc. Delaware 100% After Dark Video, Inc. Delaware 100% Alta Loma Productions, Inc. Delaware 100% Cameo Films, Inc. Illinois 100% Impulse Productions, Inc. Delaware 100% Precious Films, Inc. California 100% AdulTVision Communications, Inc. Delaware 100% Mystique Films, Inc. California 100% Women Productions, Inc. California 100% Playboy Clubs International, Inc. Delaware 100% Playboy Preferred, Inc. Illinois 100% Critics' Choice Video, Inc. Illinois 100% Special Editions, Ltd. Delaware 100% Playboy Shows, Inc. Delaware 100% Telecom International, Inc. Florida 100% Playboy Gaming International, Ltd. Delaware 100% Playboy Gaming Greece, Ltd. Delaware 100% Playboy Properties, Inc. Delaware 100% VIPress Poland Sp. z o.o Poland 90%