‘Girls Gone Wild’ is bankrupt. There was much rejoicing.

Because searching for an image to use with this article doesn’t seem like a good idea.

By: Tom Westerholm

Just a quick little note about a business that really didn’t deserve to keep being a thing: After selling $4.5 million worth of videos objectifying women and entrapping young men with addictive images, the sadly popular Girls Gone Wild franchise is out of money. According to reports, the franchise owes $10.3 million to a casino.

From CNN:

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.

GOOD.

For more on the softcore porn industry, look for Cardboard’s first magazine issue in May 2013.