Home > News > Girls Gone Wild Bankruptcy Auction Planned for April • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Girls Gone Wild Bankruptcy Auction Planned for April

Girls Gone Wild Bankruptcy Auction Planned for April
Get XBIZ News
XBIZ Research
Will Porn Valley move across the state line to Las Vegas?
Yes
  48.15%
No
  51.85%
Out of 162 votes. Results based on votes submitted by members of XBIZ.net social network.
XBIZ 360 - Jan. 14-16, Los Angeles
Friday, Feb 14, 2014    Text size: 

LOS ANGELES — A federal bankruptcy trustee plans on putting up the Girls Gone Wild franchise for auction in April, effectively selling off its trademarks and domain names.

Bankruptcy trustee R. Todd Neilson's plan to sell off the assets of the longtime adult entertainment brand includes a stalking horse bidder — one that has already drawn out a plan to potentially acquire the assets — that would raise $1.825 million to partly pay off Chapter 11 claims.

Neilson said in court documents this week that the stalking horse bidder appeared  after a formal search was made for a company that would pick up the properties.  

Under the pre-arranged deal, if successful the stalking horse bidder would pay $1.825 million and assume Girls Gone Wild's liabilities.

The trustee said he encountered several difficulties in finding a suitable buyer out of an initial 16 potential buyers, 12 of whom entered into nondisclosure agreements and received identical due diligence materials containing the debtors’ confidential financial information.

"First, the debtors are in a specialized business," Neilson noted. "Several potential buyers either had moral objections to the business or concerns that they did not understand how to operate an adult entertainment business. Second, at least one potential buyer expressed his concern that, although  the debtors were profitable in 2013, they may not be profitable in future years due to a perceived general decline in the adult entertainment industry. Finally, some buyers expressed reservations  about buying the debtors’ assets, given its previous management."

Neilson said he reached a deal with the unnamed stalking horse bidder over two weeks.

The stalking horse bidder, which has agreed to an overbid procedure as well as a good faith cash deposit of  $250,000, will be protected by a $100,000 break-up fee.

­­­Neilson, GGW Brands LLC and its subsidiaries, GGW Marketing LLC, GGW Events LLC, GGW Magazine LLC and GGW Direct LLC, filed a motion requesting that U.S. Bankruptcy Judge Sandra R. Klein approve the auction for April 11.

Included in the auction are the company's trademark and 69 domains.

Girls Gone Wild's U.S. trademarks, some multiple trademarks for various products, include Girls Gone Wild, Banned From Television, Gone Wild, Girls Gone Mobile, Guys Gone Wild and Mantra. The franchise also includes foreign trademarks for Girls Gone Wild, Banned From Television and Guys Gone Wild in Canada, New Zealand and France.

Girls Gone Wild's domains include:

  • BANNEDFROMTV.COM
  • BESTBREASTSEVER.COM
  • EXGFCLUB.COM
  • EXXXGF.COM
  • FREEGGW.COM
  • FREEGIRLSGONEWILDVIDEOS.COM
  • GETGIRLSGONEWILD.COM
  • GGWAPPAREL.COM
  • GGWBLOGS.COM
  • GGWBRANDS.COM
  • GGWBRANDS.NET
  • GGWBUS.COM
  • GGWCAMS.COM
  • GGWCASH.COM
  • GGWDATING.COM
  • GGWENT.COM
  • GGWEVENTS.COM
  • GGWGIRL.COM
  • GGWGIRLS.COM
  • GGWISLAND.COM
  • GGWLIVE.COM
  • GGWMAG.COM
  • GGWMAGAZINE.COM
  • GGW-ONLINE.COM
  • GGWTUBE.COM
  • GGW-VIDEO.COM
  • GIRLS-GONE-MOBILE.COM
  • GIRLSGONEMOBILE.ORG
  • GIRLSGONEMOBILEWEB.COM
  • GIRLSGONEMOBILEWEB.NET
  • GIRLSGONEWILD.COM
  • GIRLSGONEWILD.NET
  • GIRLSGONEWILD.TV
  • GIRLSGONEWILD.US
  • GIRLSGONEWILDBARS.COM
  • GIRLSGONEWILDCAMS.COM
  • GIRLSGONEWILDCASH.COM
  • GIRLSGONEWILDDATING.COM
  • GIRLSGONEWILDDVDS.COM
  • GIRLSGONEWILDGOSSIP.COM
  • GIRLSGONEWILDIMAGES.COM
  • GIRLSGONEWILDISLAND.COM
  • GIRLSGONEWILDLIVE.COM
  • GIRLSGONEWILDMAG.COM
  • GIRLSGONEWILDMAGAZINE.COM
  • GIRLSGONEWILDNEWS.COM
  • GIRLSGONEWILDROCKS.COM
  • GIRLSGONEWILDSHOOTS.COM
  • GIRLSGONEWILDSTREAM.COM
  • GIRLSGONEWILDWEB.COM
  • GUYSGONEWILDCAMS.COM
  • GUYSGONEWILDCASH.COM
  • GUYSGONEWILDDATING.COM
  • GUYSGW-ONLINE.COM
  • HELPER8.INFO
  • HOTTESTMOMENTSEVER.COM
  • MARDIGRASINVASION.NET
  • MYEXGFCLUB.COM
  • ONLINESUPPORT1.INFO
  • SEXIESTMOMENTSEVER.COM
  • SEXSTARVEDCOLLEGEGIRLS.NET
  • SITESERVICE1.COM
  • SPRINGBREAKEXPLOSION.COM
  • THEGGWBUS.COM
  • THEGIRLSGONEWILDBLOG.COM
  • WEDDINGSUBMISSIONVIDEO.COM
  • WILDESTSEXEVER.COM
  • WILDHD.COM
  • WILSHIREHR.COM
More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

QUICKBITE FEATURES

Dev Depot: Create a 3D tilted scroll effect with this jQuery plugin

As the capabilities of today’s digital display devices, mobile and otherwise, continue to evolve, many web designers are seeking to keep pace by introducing new processes, as well as a healthy dose... More »

How Studying a Site’s Traffic Will Help It Grow

If you’ve been running a website for any length of time, you are no doubt familiar with the need to study your stats — either using a server log solution such as AWStats, a hosted third-party... More »

Dev Depot: NanoGallery, Next-gen Galleries With a Touch-enabled Jquery Plugin

Offering image gallery creation simplified, NanoGallery (nanogallery.brisbois.fr) is a responsive, lightweight and touch enabled jQuery gallery plugin that pulls its images from remote resources. As for... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Access the latest issues of the industry's leading trade publications in digital form. View online or download for offline viewing.

UPCOMING EVENTS

The European Summit

Sep 22 - Sep 25
Prague, Czech Republic

XBIZ EU 2014

Sep 25 - Sep 28
London, U.K.

Oktoberfest Gathering

Sep 28 - Sep 30
Munich, Germany

eroFame erotic trade fair

Oct 08 - Oct 10
Hannover, Germany
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!