Latest Breaking News

srican69

(1,426 posts) Thu Feb 28, 2013, 04:14 PM Feb 2013

Girls Gone Wild files for bankruptcy

Source: CNN Money

Girls Gone Wild, the softcore video empire founded by Joseph Francis, has filed for bankruptcy after accruing millions of dollars in debt, mostly to casino mogul Steve Wynn.
The various incarnations of Girls Gone Wild, including GGW Brands LLC, GGW Direct LLC, GGW Events LLC and GGW Magazines LLC, filed for Chapter 11 bankruptcy protection Wednesday in U.S. Bankruptcy Court for the Central District of California in Los Angeles.
In documents filed with the court, GGW manager Chris Dale said the company has less than $50,000 in assets and fewer than 50 creditors. The debtor checked the box claiming "there will be no funds available for distribution to unsecured creditors."

Read more: http://money.cnn.com/2013/02/28/news/companies/girls-gone-wild/

I guess they have all been domesticated then.

31 replies

= new reply since forum marked as read

Highlight:

Girls Gone Wild files for bankruptcy (Original Post) srican69 Feb 2013 OP

Maybe they could serve as hosts for the Oscars next year Berlum Feb 2013 #1

They could change the lyrics to: "You saw our boobs." Ilsa Feb 2013 #4

We Saw You're Boobs thelordofhell Feb 2013 #8

+ struggle4progress Feb 2013 #11

That could also be directed at the GOP Kennah Feb 2013 #23

That should be a DUzy. Neoma Feb 2013 #19

Heh ismnotwasm Feb 2013 #13

I don't know how they have stayed in business in the last 8 years Drale Feb 2013 #2

Another victim of the soft economy. bluedigger Feb 2013 #3

I guess it was hard for them to keep it up for that long. abbeyco Feb 2013 #5

They expected conditions to firm up, but they just failed to grasp the situation. bluedigger Feb 2013 #6

One of the worst sites I ever came across. riqster Feb 2013 #7

They're not a legitimate business as the economic body found a way to shut the whole thing down Kennah Feb 2013 #24

They could not overcome? riqster Feb 2013 #9

Evidently an injection of gov't liquidity is off the table. n/t BadgerKid Feb 2013 #15

rotflol! silvershadow Mar 2013 #27

They are definitely Aerows Feb 2013 #22

Another business goes tits up. Buzz Clik Feb 2013 #10

That's kind of iffy. Neoma Feb 2013 #20

I wonder if many would get it if you'd said "Tango Uniform" groundloop Mar 2013 #31

Steve Wynn??? derby378 Feb 2013 #12

That's the only interesting part is Joe Francis owing Wynn Las Vegas $10.3M. tammywammy Feb 2013 #14

So does PatrynXX Feb 2013 #16

Couldn't happen to a more deserving prick. nt DollarBillHines Feb 2013 #17

Good riddance. The company will not be missed. rachel1 Feb 2013 #18

+ struggle4progress Feb 2013 #21

So is anything thinking they will rise again? Kennah Feb 2013 #25

Not without a stroke of genius. nt riqster Feb 2013 #26

Maybe a little diddling with the idea Kennah Mar 2013 #28

Awwwwwwwww Hekate Mar 2013 #29

A bunch of jerks nt riqster Mar 2013 #30

Berlum

(7,044 posts)

1. Maybe they could serve as hosts for the Oscars next year

Reply to srican69 (Original post)

Thu Feb 28, 2013, 04:18 PM

Feb 2013

You know, improve the moral rectitude of the affair, and that sort of thing...

Ilsa

(61,695 posts)

4. They could change the lyrics to: "You saw our boobs."

Reply to Berlum (Reply #1)

Thu Feb 28, 2013, 04:22 PM

Feb 2013

thelordofhell

(4,569 posts)

8. We Saw You're Boobs

Reply to Ilsa (Reply #4)

Thu Feb 28, 2013, 05:04 PM

Feb 2013

struggle4progress

(118,295 posts)

11. +

Reply to thelordofhell (Reply #8)

Thu Feb 28, 2013, 05:14 PM

Feb 2013

Kennah

(14,276 posts)

23. That could also be directed at the GOP

Reply to thelordofhell (Reply #8)

Thu Feb 28, 2013, 10:50 PM

Feb 2013

Neoma

(10,039 posts)

19. That should be a DUzy.

Reply to Ilsa (Reply #4)

Thu Feb 28, 2013, 09:31 PM

Feb 2013

ismnotwasm

(41,989 posts)

13. Heh

Reply to Berlum (Reply #1)

Thu Feb 28, 2013, 05:16 PM

Feb 2013

Drale

(7,932 posts)

2. I don't know how they have stayed in business in the last 8 years

Reply to srican69 (Original post)

Thu Feb 28, 2013, 04:19 PM

Feb 2013

with all the same content online for free, why would anyone but old creepers who are up at 3 am buy their crap?

bluedigger

(17,086 posts)

3. Another victim of the soft economy.

Reply to srican69 (Original post)

Thu Feb 28, 2013, 04:21 PM

Feb 2013

abbeyco

(1,555 posts)

5. I guess it was hard for them to keep it up for that long.

Reply to bluedigger (Reply #3)

Thu Feb 28, 2013, 04:32 PM

Feb 2013

bluedigger

(17,086 posts)

6. They expected conditions to firm up, but they just failed to grasp the situation.

Reply to abbeyco (Reply #5)

Thu Feb 28, 2013, 04:36 PM

Feb 2013

riqster

(13,986 posts)

7. One of the worst sites I ever came across.

Reply to bluedigger (Reply #6)

Thu Feb 28, 2013, 05:03 PM

Feb 2013

Kennah

(14,276 posts)

24. They're not a legitimate business as the economic body found a way to shut the whole thing down

Reply to riqster (Reply #7)

Thu Feb 28, 2013, 10:52 PM

Feb 2013

riqster

(13,986 posts)

9. They could not overcome?

Reply to bluedigger (Reply #3)

Thu Feb 28, 2013, 05:06 PM

Feb 2013

BadgerKid

(4,553 posts)

15. Evidently an injection of gov't liquidity is off the table. n/t

Reply to bluedigger (Reply #3)

Thu Feb 28, 2013, 07:01 PM

Feb 2013

silvershadow

(10,336 posts)

27. rotflol!

Reply to BadgerKid (Reply #15)

Fri Mar 1, 2013, 12:28 AM

Mar 2013

Aerows

(39,961 posts)

22. They are definitely

Reply to bluedigger (Reply #3)

Thu Feb 28, 2013, 10:04 PM

Feb 2013

getting stripped of their assets

Buzz Clik

(38,437 posts)

10. Another business goes tits up.

Reply to srican69 (Original post)

Thu Feb 28, 2013, 05:11 PM

Feb 2013

Errr... am I allowed to say that?

We'll see....

Neoma

(10,039 posts)

20. That's kind of iffy.

Reply to Buzz Clik (Reply #10)

Thu Feb 28, 2013, 09:33 PM

Feb 2013

But uhm, I think the whole topic is iffy too.

groundloop

(11,519 posts)

31. I wonder if many would get it if you'd said "Tango Uniform"

Reply to Buzz Clik (Reply #10)

Fri Mar 1, 2013, 08:45 AM

Mar 2013

But as far as Girls Gone Wild, while as a red blooded American male I have a healthy appreciation for the female body, I always felt like the GGW people were sleazeballs who were exploiting young (drunk) women in the name of making a quick buck.

derby378

(30,252 posts)

12. Steve Wynn???

Reply to srican69 (Original post)

Thu Feb 28, 2013, 05:15 PM

Feb 2013

Since I've never watched a GGW tape, all I can say is, I never would have guessed.

tammywammy

(26,582 posts)

14. That's the only interesting part is Joe Francis owing Wynn Las Vegas $10.3M.

Reply to derby378 (Reply #12)

Thu Feb 28, 2013, 05:40 PM

Feb 2013

I wonder what that's about.

edited to add:
Found out!

Last year, Wynn and his company won a slander lawsuit against Joe Francis, founder of the “Girls Gone Wild” franchise, which features college-age women in reality TV-style shows focused on drinking, stripping and sex.

“The court finds that Francis made a knowing and intentional false and defamatory statement,” a Nevada judge ruled in April in awarding $7.5 million to Wynn and Wynn Las Vegas. Francis lied when he claimed he had proof that Wynn tricked high-end gamblers, the judge ruled.
http://www.businessweek.com/news/2013-02-28/girls-gone-wild-files-bankruptcy-to-fight-vegas-debt

PatrynXX

(5,668 posts)

16. So does

Reply to srican69 (Original post)

Thu Feb 28, 2013, 07:32 PM

Feb 2013

that mean the three dvd's I have are collectors items now (they ripped me off. took forever to cancel them) only good ones were the parties. not he RV stuff