The infamous “Girls Gone Wild”(GGW) has gone broke. The video company known for its racy films of girls at party’s that expose themselves in what could arguably be called soft porn has filed for bankruptcy in an effort to restructure its debt and legal affairs the company announced on Feb. 28, 2013.
Videos of half- naked college aged women can’t make money; I think the economy is worse than we thought.
GGW Brands LLC and several subsidiaries filed for Chapter 11 bankruptcy on Wednesday in Los Angeles, listing more than $16 million in disputed claims. The irony is that a good portion of the company’s problems result from a claim of $10.3 million from the Wynn Resorts Limited against the owner of GGW, Joe Francis over gambling debts in “Sin City” itself and statements made about Wynn Resorts founder Steve Wynn.
GGW issued a statement that it is financially strong but needs to re-structure its “frivolous and burdensome legal affairs”.
I guess you can call it a financial implant, which needs an uplift and support after all. GGW video’s had film crews tape large party’s at a club or other event and gets women to willingly take off their tops, engage in sexual activity, or in wet t-shirt contests. Participants were typically intoxicated and rewarded with company merchandise or money. One of those things where you wake up the next morning and wish you had gone to the library and studied instead.
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