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(CNN)   Girls Gone Wild files for bankruptcy. Who would've thought that using titty-flashing to sell your steel-drum music was a faulty business plan?   (money.cnn.com) divider line 71
    More: Silly, Girls Gone Wild, unsecured creditors, Wynn Las Vegas, Ashley Dupre, bankruptcy  
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6579 clicks; posted to Main » on 28 Feb 2013 at 9:59 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



71 Comments   (+0 »)
   
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2013-02-28 08:13:45 PM
Two things:

1.) Every time I watch the Arnold Schwarzenegger film Commando and listen to the steel-drum score, I think: "The music must've been done by the Girls Gone Wild Commercial Orchestra."

2.) Fark Joe Francis.
 
2013-02-28 08:21:14 PM
These videos were always better anyway.

farm6.staticflickr.com
 
2013-02-28 08:30:47 PM
It's in bankruptcy because the owner is an asshole who tried to reneg on a $2 mln bill from Steve Wynn, he then slandered Wynn, Wynn sued and won another 8 mil in court, now the owner doesn't wanna pay the $10 mil he owes Wynn so he's just trying to hide his assets.

This has been going on for 4-5 years.
 
2013-02-28 08:57:11 PM
My headline was better D:
 
2013-02-28 09:05:23 PM
Well, at least trucks can still go wild.


www.bull.fm
/SUNDAY SUNDAY SUNDAY
 
2013-02-28 09:14:34 PM
You guys can do your superiority dance but I'll bet there's no one here who didn't admire this business plan when you were first awakened by it on late night infomercials.
 
2013-02-28 09:33:26 PM
It was a fantastic business plan and made that douchbag of an owner a metric assload of money.  Then internet.
 
2013-02-28 09:33:37 PM

Snotnose: It's in bankruptcy because the owner is an asshole who tried to reneg on a $2 mln bill from Steve Wynn, he then slandered Wynn, Wynn sued and won another 8 mil in court, now the owner doesn't wanna pay the $10 mil he owes Wynn so he's just trying to hide his assets.

This has been going on for 4-5 years.


I'm pretty sure it also has a lot to do with the lawsuits from the drunk idiots that he got to appear in his videos for t-shirts.
 
2013-02-28 10:01:13 PM
This is a failure on a par with New York's inability to make money with Off Track Betting.
 
2013-02-28 10:03:30 PM
Even if the company goes down, the guy still has about 40million in personal assets.
He's still an asshole though.
 
2013-02-28 10:03:39 PM

BronyMedic: Snotnose: It's in bankruptcy because the owner is an asshole who tried to reneg on a $2 mln bill from Steve Wynn, he then slandered Wynn, Wynn sued and won another 8 mil in court, now the owner doesn't wanna pay the $10 mil he owes Wynn so he's just trying to hide his assets.

This has been going on for 4-5 years.

I'm pretty sure it also has a lot to do with the lawsuits from the drunk idiots that he got to appear in his videos for t-shirts.


And the fines for not checking that those drunk idiots were 18.
 
2013-02-28 10:03:42 PM
Sorry, tongue requires credit check.

i2.cdn.turner.com
 
2013-02-28 10:05:07 PM
Washington DC shooting them selves in the foot and farking the hole, and now Girls Gone Wild in danger of going tits up. What is the world coming to.
 
2013-02-28 10:05:54 PM
Toshiro Mifune's Letter Opener: 1.) Every time I watch the Arnold Schwarzenegger film Commando and listen to the steel-drum score, I think: "The music must've been done by the Girls Gone Wild Commercial Orchestra."

just because
 
2013-02-28 10:06:14 PM

notmtwain: You guys can do your superiority dance but I'll bet there's no one here who didn't admire this business plan when you were first awakened by it on late night infomercials.


As much as I did Miss Cleo's business plan. However, it must have been one heck of a ride while it lasted.
 
2013-02-28 10:06:54 PM
Didn't some dude stick a dildo up Joe Francis' butt in a home invasion or something like that a few years back?
 
2013-02-28 10:08:01 PM

L.D. Ablo: Well, at least trucks can still go wild.


[www.bull.fm image 850x577]
/SUNDAY SUNDAY SUNDAY


That's a rip-off.  They charge you for the whole seat, but you really only need the edge.
 
2013-02-28 10:08:26 PM
bie?

eip


joe francis should go to jail and learn about the love of large men
 
2013-02-28 10:10:23 PM

DjangoStonereaver: This is a failure on a par with New York's inability to make money with Off Track Betting.


At least I didn't have to give him any of my tax money to make up his losses.
OTB astounds me.
Bookies made money, and they had to sneak around, risk arrest etc.
OTB has every advantage. Multiple outlets, phone-a-bet, online betting, extensive advertising, and even their own 24/7 TV channel, yet they seemingly can't make money?
 
2013-02-28 10:11:54 PM

sjcpjh1: Didn't some dude stick a dildo up Joe Francis' butt in a home invasion or something like that a few years back?


Having some weird dreams too eh?
 
2013-02-28 10:20:50 PM
Wasn't there a guys gone wild a while back?
 
2013-02-28 10:22:16 PM
Don't know much about the guy, don't care that he got drunk 16 year olds to show their tits, or that he made tons of money while I remain poor. What pissed me off about him was when I saw some show where he was bragging about how much $ he had and how he threw parties for celebtards and every single food or drink was way over priced.


"Here on this floor we have the shrimp room. Every shrimp is stuffed with 14 caret gold and rubbed on Selma Hayek's bald vag before being dipped into tiny diamonds and then put on a serving plate."

Well, wasn't quite that bad, but close enough.
 
2013-02-28 10:27:19 PM
Who would have thought that he wasn't a savvy forward thinking business man?
 
2013-02-28 10:30:11 PM
I'll always have a soft spot in my heart for Girls Gone Wild commercials. After waking up from a nightmare at 2 a.m., nothing got my mind off it better than those infomercials.
 
2013-02-28 10:31:13 PM
boobs sell.  awesome business plan.
 
2013-02-28 10:33:10 PM

4seasons85!: Wasn't there a guys gone wild a while back?


WOOOO! ITS A SAC ATTACK!

i.cdn.turner.com
 
2013-02-28 10:33:13 PM
He saw their boobs?
 
2013-02-28 10:38:56 PM

TommyymmoT: OTB astounds me.
Bookies made money, and they had to sneak around, risk arrest etc.
OTB has every advantage. Multiple outlets, phone-a-bet, online betting, extensive advertising, and even their own 24/7 TV channel, yet they seemingly can't make money?


I work in the NY horse racing industry, getting a kick, blah blah blah...

Basically, New York City OTB was a political patronage job dumping ground, and, as a result, was very bloated. Also, the union employees had very favorable pension plans (well, they were favorable until the company went bankrupt, and now the retirees have been left hung to dry). There's no reason why off-track betting in New York City can't work, provided such a operation has competent management and focuses on having fewer but nicer facilities (think betting in sports bars instead of the old crack den atmosphere).
 
2013-02-28 10:39:00 PM

great_tigers: sjcpjh1: Didn't some dude stick a dildo up Joe Francis' butt in a home invasion or something like that a few years back?

Having some weird dreams too eh?


Holy shiat, that actually happened!
 
2013-02-28 10:49:05 PM
If you can't make money exploiting drunks, then you just flat out can't make money.
 
2013-02-28 10:49:52 PM
 
2013-02-28 10:54:39 PM
15 years ago some guy takes a camcorder on spring break and turns it into a multi-million dollar business, cant argue with that.
 
2013-02-28 10:54:58 PM
It was a solid business plan. The guy made bank. Just because he needs to default on some stuff doesn't mean he didn't live it up for YEARS.
 
2013-02-28 10:56:51 PM
Joe Francis popularized  sexting and amateur porn, which is more than Aaron Swartz ever did for mankind.  He's a true American hero, as well as a douchebag.
 
2013-02-28 11:08:40 PM
I wondered what happened to those ads.

I remember some credit card scams from them

/likes 18 yo boobz
 
2013-02-28 11:09:24 PM

ultraholland: just because


:D

See, James Horner needs to make more music like that and less music like the stuff in Titanic.
 
2013-02-28 11:11:25 PM
He is only 16 million in debt with 10 million assets?

Need to take a lesson from congress which has the country trillions in debt and isnt stopping

/dibs on the Whitehouse when they go bankrupt
 
2013-02-28 11:24:16 PM

Strobeguy: He is only 16 million in debt with 10 million assets?

Need to take a lesson from congress which has the country trillions in debt and isnt stopping

/dibs on the Whitehouse when they go bankrupt




Here's another article on it.

"However, a new lawsuit claims Francis has more than than $60million at his disposal, between his own net worth an his company.
Favazza has file a new lawsuit against the company claiming that it is dodging a judge's order to pay her.
Favazza said the company itself has $20million in trademarks for videos, websites and clothing.
Francis also owns a 1971 Gulfstream jet worth about $2 million, a $10 million home in Bel Air, California, and a $30 million mansion in Punta Mita, Mexico."
 
2013-02-28 11:39:14 PM

notmtwain: You guys can do your superiority dance but I'll bet there's no one here who didn't admire this business plan when you were first awakened by it on late night infomercials.


It was a good idea when it first started...then they started getting into using porn stars and not the girls next door, and then started the allegations of underage girls. He should have called it a day then and retired with his mulit-millions.
 
2013-02-28 11:42:11 PM

jake_lex: These videos were always better anyway.

[farm6.staticflickr.com image 640x478]


You know what? You're sassy, you're sexy, you speak your mind- there's nothing hotter.  Give her a hat, Barry.
 
2013-02-28 11:43:23 PM
Francis isn't bankrupt, he is still rolling in millions. He is sacrificing the GGW brand to try to get out of the lawsuits against the company.
 
2013-02-28 11:49:19 PM
GGW disgusts the fark out of me. Same with Hooters.

Get some real porn, you wanna-be date-rapists.
 
2013-02-28 11:59:34 PM
This is some kind of legal bullshiat. He's trying to hide his assets or something, or protect them from a lawsuit or the IRS. The dude is loaded personally and the company is worth more than the total debt they have.

A more accurate headline would be, "Joe Francis does legal mambo to avoid paying someone money."
 
2013-03-01 12:02:00 AM

BronyMedic: Snotnose: It's in bankruptcy because the owner is an asshole who tried to reneg on a $2 mln bill from Steve Wynn, he then slandered Wynn, Wynn sued and won another 8 mil in court, now the owner doesn't wanna pay the $10 mil he owes Wynn so he's just trying to hide his assets.

This has been going on for 4-5 years.

I'm pretty sure it also has a lot to do with the lawsuits from the drunk idiots that he got to appear in his videos for t-shirts.




Always repressed eh?

My rich uncle feels your pain.

cache.vegas.com
 
2013-03-01 12:05:16 AM

ongbok: Francis isn't bankrupt, he is still rolling in millions. He is sacrificing the GGW brand to try to get out of the lawsuits against the company.


Yeah, he's always going to have money. When you've had the kind of monetary throughput he has, it finds ways to stick to you such that you're never really poor, no matter how douchey or careless. Symbiotic lawyers and accountants appear to create iron-clad annuities out of your pocket change, to guard against the inevitable financial catastrophe.

That said, Francis is one of the few slimy douchebags whose riches I don't begrudge, because they're obviously not doing anything to cut through his misery. I wouldn't give more than 2:1 odds that he's dead within the next three years.
 
2013-03-01 12:35:45 AM
That's sad. Couldn't have happened to a nicer guy.
 
2013-03-01 12:37:39 AM

jake_lex: great_tigers: sjcpjh1: Didn't some dude stick a dildo up Joe Francis' butt in a home invasion or something like that a few years back?

Having some weird dreams too eh?

Holy shiat, that actually happened!


My mind cannot contain the WTF.
 
2013-03-01 01:09:58 AM
I absolutely refuse to believe GGW is not still pulling in king's assloads of cash. Back when I was a sleazy telemarketer, the company I worked for handled some of their sales and that division consistently blew everyone else's numbers out of the water. Of course, that's to be expected since it consisted entirely of women in their early 20's who were encouraged to sound "flirty and enticing" when talking to clients.
 
2013-03-01 01:25:01 AM

PredDawg8: I'll always have a soft spot in my heart for Girls Gone Wild commercials. After waking up from a nightmare at 2 a.m., nothing got my mind off it better than those infomercials.


I work night shift in a hospital. The nurses HATED those commercials and griped about them regularly, but the male patients loved them!
 
2013-03-01 01:28:23 AM

jake_lex: great_tigers: sjcpjh1: Didn't some dude stick a dildo up Joe Francis' butt in a home invasion or something like that a few years back?

Having some weird dreams too eh?

Holy shiat, that actually happened!


For some reason, I fully expected to get Rick Rolled (or worse) clicking that link, but instead actually got the scoop on that interesting incident.
 
2013-03-01 01:30:13 AM

4seasons85!: Wasn't there a guys gone wild a while back?


Hey Buttwipe, I told you that was because a bee flew up my shorts.

I wear the pasties because my nipples burn real easy.

The chaps?

/You can't judge me.
 
2013-03-01 01:35:36 AM
I've tried nearly all the fizzy energy drinks but refuse to drink Rockstar due to its affiliation with GGW.  Normally I like letting a nice pair disable all brain activity, but it all seems so wrong when the voice in my head screams "these chicks are probably drunk and don't know what the fark they just signed."  And merely by association, Rockstar energy drinks seem so icky.  Fark Joe Francis and the entire GGW series.
 
2013-03-01 01:46:30 AM

semiotix: ongbok: Francis isn't bankrupt, he is still rolling in millions. He is sacrificing the GGW brand to try to get out of the lawsuits against the company.

Yeah, he's always going to have money. When you've had the kind of monetary throughput he has, it finds ways to stick to you such that you're never really poor, no matter how douchey or careless. Symbiotic lawyers and accountants appear to create iron-clad annuities out of your pocket change, to guard against the inevitable financial catastrophe.

That said, Francis is one of the few slimy douchebags whose riches I don't begrudge, because they're obviously not doing anything to cut through his misery. I wouldn't give more than 2:1 odds that he's dead within the next three years.


Yeah, but I would have given those odds in the 90's, yet here he is still. He's too much of an asshole to die, more likely.
 
2013-03-01 02:06:57 AM

Toshiro Mifune's Letter Opener: Two things:

1.) Every time I watch the Arnold Schwarzenegger film Commando and listen to the steel-drum score, I think: "The music must've been done by the Girls Gone Wild Commercial Orchestra."



A winner is you!Great call.

Polyhazard: GGW disgusts the fark out of me. Same with Hooters.

Get some real porn, you wanna-be date-rapists.


Wait, what's wrong with Hooters?  You don't like Wingsday?  This is suspicious behavior.
 
2013-03-01 02:22:54 AM
It's been reasonably argued that a drunk women can not give consent for sexual activities.  I think it is reasonable to extend that to a drunk person can not enter into a contract, verbal or written, and I'm sure the courts have already stated as such.  Thus, any contract signed by these drunk women are null and void.  I wish this piece o'shiat had been put out of business a long time ago.

Personally, I find the very idea of selling these videos to be the lowest form of sleaziness.
 
2013-03-01 02:44:32 AM

foxyshadis: That said, Francis is one of the few slimy douchebags whose riches I don't begrudge, because they're obviously not doing anything to cut through his misery. I wouldn't give more than 2:1 odds that he's dead within the next three years.

Yeah, but I would have given those odds in the 90's, yet here he is still. He's too much of an asshole to die, more likely.


Maybe so. But I'm okay with that too. I mean, I don't actually wish death on him. And even if I did, I'd be content with the fact that he's pretty visibly in hell, even in his manic phases. Even Joaquin Phoenix couldn't fake that kind of crazy.
 
2013-03-01 03:29:40 AM
 
2013-03-01 03:32:06 AM

CruiserTwelve: The whole thing was a scam.

lawyers are training their sites on the company


:shudder:
 
2013-03-01 04:13:04 AM

CruiserTwelve: The whole thing was a scam.


The corporation went belly up, not he, himself.
See my earlier posts. He's doing just fine.
"Corporate responsibility", is an oxymoron.
 
2013-03-01 04:18:19 AM
see girls sexual organs are on the TOPS of their boddies
 while mens are below their belt.
 
hej
2013-03-01 04:48:05 AM
What's faulty about a business model that lasted 15 years and made millions upon millions of dollars?
 
2013-03-01 06:25:31 AM
I've always thought that GGW is overrated
 
2013-03-01 07:42:23 AM

cman: My headline was better D:


Looks like it's time to dig this out yet again.

i.imgur.com
 
2013-03-01 08:26:58 AM

hej: What's faulty about a business model that lasted 15 years and made millions upon millions of dollars?


Yup, he capitalized in a time where is wasn't as easy as typing "txt me noods" to see your peers topless. It worked until seasonal whores disease became a year round thing.
 
2013-03-01 09:15:23 AM
The CNN/Money article mentions "Not Safe For Work."
 
2013-03-01 10:09:12 AM
Serves him right for ruining all my Star Trek re runs with those darned ggw ads..I mean how can you enjoy good sci fi with "almost boob" shots coming up at every commercial
 
2013-03-01 10:12:12 AM

cman: My headline was better D:


Let's hear it.
 
2013-03-01 10:31:52 AM
Lil disappointed that this didn't turn into a boobs thread.  Not gonna lie.
 
2013-03-01 11:56:44 AM

Jahx: Lil disappointed that this didn't turn into a boobs thread.  Not gonna lie.


We already had one this year.

See you next year.
 
2013-03-01 01:53:39 PM
Looks like it's time to dig this out yet again.

i.imgur.com

Was yours "Girls Gone Wild gone tits up"?
 
2013-03-01 02:33:05 PM

TommyymmoT: CruiserTwelve: The whole thing was a scam.

The corporation went belly up, not he, himself.
See my earlier posts. He's doing just fine.
"Corporate responsibility", is an oxymoron.


The corporation didn't even go belly up. He's just hiding assets to avoid paying a lawsuit. He's abusing the bankruptcy system the same way he abuses a bunch of drunk girls.

"Girls Gone Wild" is marketed by abusing the system. You buy one video, and the small print says you're agreeing to buy another video at an inflated price every month. They keep sending you videos and taking money out of your account every single month, and they make it almost impossible to stop the process.

This guy isn't a successful businessman, he's a successful con man.
 
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