{"id":2101249,"date":"2023-11-16T18:28:02","date_gmt":"2023-11-16T23:28:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/company-behind-miss-universe-files-for-bankruptcy-after-inclusion-of-trans-contestants\/"},"modified":"2023-11-16T18:30:01","modified_gmt":"2023-11-16T23:30:01","slug":"company-behind-miss-universe-files-for-bankruptcy-after-inclusion-of-trans-contestants","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/company-behind-miss-universe-files-for-bankruptcy-after-inclusion-of-trans-contestants\/","title":{"rendered":"Company Behind Miss Universe Files For Bankruptcy After Inclusion Of Trans Contestants"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcompany-behind-miss-universe-files-for-bankruptcy-after-inclusion-of-trans-contestants%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2101249&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">(Photo by Rodrigo Varela\/Getty Images)<\/figcaption><\/figure>\n<p>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/brooke-mallory\">Brooke Mallory<\/a><br \/>1:48 PM \u2013 Thursday, November 16, 2023<\/p>\n<p>The 2023 Miss Universe pageant, which recently announced that they \u2062will\u200d be including transgender competitors, is still scheduled for this Saturday, but only\u2064 a \u200cfew\u200b days prior to it, the JKN Global Group filed for bankruptcy.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The organization was purchased\u2063 by Thai media mogul Anne Jakrajutatip of the JKN Global Group \u200cin 2022 for $20 million after she became a transgender activist.\u200b As a transgender celebrity with widespread recognition\u2062 in her home country, Jakrajutatip referred to the acquisition at the time as \u201ca strong, strategic addition to our portfolio.\u201d<\/p>\n<p>However, the \u2063franchise itself now seems unsteady a year later.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>A \u2062public document from JKN Global Group submitted to the Stock Exchange of Thailand said: \u201cJKN Global Group \u2063Public Company Limited (the \u2018Company\u2019) has filed a petition for business rehabilitation with the\u2063 Central Bankruptcy Court under the Bankruptcy Act B.E. 2483\u200b (1940) (as amended) (the \u2018Bankruptcy Act\u2019) on November 8, 2023. 2023, the Central Bankruptcy Court has subsequently issued an order to accept \u200dthe\u2063 petition\u200b for business rehabilitation of the Company on November 9, 2023.\u201d<\/p>\n<\/blockquote>\n<p>In a follow-up statement, the Miss\u2064 Universe Organization stated that in light of \u201cthe\u2062 current financial situation,\u201d they can \u201cconfirm that Miss Universe \u20632023 will be held in El Salvador on 18 November 2023, where a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jkn-global-group-company-behind-miss-universe-files-for-bankruptcy-after-inclusion-of-trans-contestants\/\" title=\"JKN Global Group, Company Behind Miss Universe, Files For Bankruptcy After Inclusion Of Trans Contestants\">top notch experience provided<\/a> to our fans will remain our top priorities.\u201d<\/p>\n<p>At \u200cleast two transgender contestants who are identifying \u2062as women for the first time \u2062are expected to compete in this year\u2019s Miss Universe pageant: \u200bRikkie Koll\u00e9, the \u2064first transgender Miss Netherlands winner, and Miss Portugal, Marina Machete, who works as a flight attendant.<\/p>\n<p>This comes after \u00c1ngela Ponce of Spain, who was the first transgender competitor overall in 2018, did \u2062not\u200b make it to the finals.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cTrans women are women, full\u200d stop,\u201d the Miss Universe Organization told \u2064 <em>CNN<\/em> in October, following Miss Portugal\u2019s crowning. \u201cWe are here to celebrate\u200c women, full stop. \u2062This has been true for more than a decade, and \u2063we\u2019re proud\u2063 to have made\u2062 this change very early on, compared to other programs.\u201d<\/p>\n<\/blockquote>\n<p>Stay informed! Receive breaking news blasts directly to your inbox \u200bfor free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Both Iowa and West Virginia are leading an 18-state coalition opposing the gag order\u2062 a federal\u200d court has\u200d placed on former President Donald Trump. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>In a 3-2 vote this week, the Federal Communications Commission has adopted final rules to prevent so-called \u2018digital discrimination,\u2019 that many say is rooted in Critical\u2064 Race Theory. One America\u2019s Chief \u2062White House Correspondent Monica Paige breaks down the details. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Pro-Palestinian protesters descend on the Democrat National Committee Headquarters in D.C.. One America\u2019s Zach Petersen has more.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>  In an exclusive interview, Texas Senator Ted\u2063 Cruz\u200c tells One America News that a \u201cwoke\u201d mainstream media \u200bis allowing Democrats to get away with\u2062 voting along party lines to oppose the House approved Israel aid package. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Spotify expanded \u200bits partnership with Google Cloud to use\u2063 large language models to help identify a user\u2019s listening patterns across podcasts and \u2062audiobooks.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Starlink has secured a contract to offer free internet in Mexico until the end of 2026.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>U.S. lawmakers asked Apple Inc to explain the abrupt end of political comedian Jon Stewart\u2019s television\u2062 show on its streaming service.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Elon Musk denied a report that his rocket\u2063 company SpaceX was discussing an IPO for its satellite internet business, Starlink.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> What impact will the inclusion of transgender contestants have on this year&#8217;s\u200c Miss Universe pageant, especially considering the financial challenges faced \u200cby\u200d the JKN Global Group<\/h2>\n<p><span>  The 2023 Miss Universe pageant, \u2063which recently announced its inclusion of transgender\u200c competitors, is facing a setback just a few days before the event. The JKN Global Group, the \u200dorganization\u2062 that owns the pageant, has filed for bankruptcy.\u2064 <\/p>\n<p>In\u200b 2022, Thai media mogul Anne Jakrajutatip, a transgender activist, bought the Miss\u200b Universe \u2062franchise for $20 million. At the time, she referred to the acquisition as a strategic addition to their portfolio. However, it \u2063seems that the franchise&#8217;s\u200c stability is now uncertain.<\/p>\n<p>According \u200bto a document submitted by the JKN Global Group to\u200b the Stock Exchange of Thailand, the company filed for business rehabilitation \u2064under the \u2064Bankruptcy Act on November 8, 2023. The Central Bankruptcy Court subsequently accepted the petition on November 9, 2023.<\/p>\n<p>In \u2064response to\u2063 this \u200cfinancial situation, \u200bthe Miss Universe Organization released\u2063 a\u200c statement confirming\u2063 that the 2023 pageant will still \u2063take \u2064place in El\u2064 Salvador on November 18, 2023. \u200bThey assured fans that providing a\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/company-behind-miss-universe-files-for-bankruptcy-after-inclusion-of-trans-contestants\/\" title=\"Company Behind Miss Universe Files For Bankruptcy After Inclusion Of Trans Contestants\">top-notch experience remains<\/a> their top priority.<\/p>\n<p>Despite the uncertainty surrounding the organization,\u200b at least two transgender contestants are expected\u2063 to compete in this \u2063year&#8217;s\u2063 Miss Universe pageant. Rikkie Koll\u00e9, the first transgender Miss Netherlands winner, and Marina Machete, \u200ba\u2064 flight attendant from Portugal, will compete as women for the first time. This follows the \u2062inclusion of \u00c1ngela Ponce of\u200b Spain, the \u200cfirst transgender competitor \u2063in 2018, who did\u2062 not make it to \u2062the finals.<\/p>\n<p>The Miss Universe Organization has been vocal about their support for transgender women, stating, &#8220;Trans women are women, full stop. We are here to \u200ccelebrate women, full stop. This has been\u200d true for more than a decade, and we&#8217;re proud \u2063to\u2062 have made this\u200c change very early on, compared to other programs.&#8221;<\/p>\n<p>Despite the financial challenges \u2062faced by the JKN Global Group, \u200bthe Miss Universe pageant will continue, \u200bshowcasing diverse competitors and promoting inclusivity.\u200b The Miss Universe Organization remains committed to\u200c providing a memorable experience for its fans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Photo by Rodrigo Varela\/Getty Images) OAN\u2019s\u00a0Brooke Mallory 1:48 PM \u2013 Thursday, November 16, 2023 The 2023 Miss Universe pageant, which recently announced that they will be including transgender competitors, is still scheduled for this Saturday, but only a few days prior to it, the JKN Global Group filed for bankruptcy. Advertisement The organization was purchased<\/p>\n","protected":false},"author":1866,"featured_media":2101250,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2101249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2101249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1866"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2101249"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2101249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2101250"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2101249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2101249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2101249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}