EXHIBIT 99


INDEPENDENT AUDITORS' REPORT

To the Board of Directors and Owners of Playboy TV International, LLC.:

We have audited the accompanying consolidated balance sheets of Playboy TV
International, LLC and subsidiaries (collectively, "Playboy TV International")
as of December 31, 1999 and 2000 and the related consolidated statements of
operations and comprehensive loss, owners' equity and cash flows for the
period from August 31, 1999 (date of commencement) through December 31, 1999
and the year ended December 31, 2000. These financial statements are the
responsibility of Playboy TV International's management. Our responsibility is
to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally
accepted in the United States of America. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, such consolidated financial statements present fairly, in all
material respects, the financial position of Playboy TV International at
December 31, 1999 and 2000 and the results of its operations and its cash
flows for the period from August 31, 1999 (date of commencement) through
December 31, 1999 and the year ended December 31, 2000 in conformity with
accounting principles generally accepted in the United States of America.


Deloitte & Touche LLP
Certified Public Accountants

Miami, Florida
February 20, 2001, except for Note 9, as to which the date is June 26, 2001.