Telegraph: "Cirque du Soleil, the modern circus troupe which has transformed the way the once old-fashioned theatrical event is viewed, would be willing to sell a further 10pc equity stake to a strategic partner, founder Guy Laliberté has admitted.
Monday, January 31, 2011
Cirque du Soleil may leap for new partner
Telegraph: "Cirque du Soleil, the modern circus troupe which has transformed the way the once old-fashioned theatrical event is viewed, would be willing to sell a further 10pc equity stake to a strategic partner, founder Guy Laliberté has admitted.
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6 comments:
The Way Cirque has transformed The "circus" art form for the 21st century is fascinating. through uses of modern ,even breakthrough technology and re-establishing old techniques they have created a universe of varying shows across the world each show unique to its themes and elements. i feel that with such a world wide success and an aggressive expansion over the past twenty five years i believe that this business strategy could only be for the benefit of the company and truly isn't showing signs of digression. Either way i hope cirque continues to produce quality productions at high standards .
It surprises me that the cirque commercial value is only $3 billion considering that the spaces that they hold are such big names (radio city music hall, the kodak, the bellagio). I suppose the value of an entertainment company must be extremely difficult to place value on. The assets for a company are a moving target because its actual value is likely placed on the aesthetic product they create and not in any conventional inventories that most companies may hold.
I have to commend Cirque on their business decisions. I always find myself wanting Cirque to do more shows, since I've only gotten to see La Nouba, but now that I think of it, it would really decrease their fan base if they put up more permanent shows and tours. I'm not sure how I feel about a partnership with a Dubai company, since they have been historically questionable. However, Dubai has also been historically spectacular in all of their artistic ventures. There's potential here, I suppose.
This is definitely interesting. Even though 3 billion bucks is a HUGE amount of money, I have to agree with Kevin that I am surprised that it is not worth more than this considering the size and scope of this company.
Cirque has made leaps and bounds in redefining the modern circus (even though there are still "old fashioned" circuses floating around out there). Their business sense is phenomenal, and the fact that they continue to grow and they continue to sell out is tremendous. It's unfortunate that the first people that Guy Laliberte decided to sell a stake to were unable to help further the company's growth. I'm curious to see how they continue to grow and advance and redefine "circus" for another generation of spectators and performers.
Barnum & Bailey wasn't always Barnum & Bailey. They were two entertainers who merged they shows to make a bigger show, now Cique is bigger than them.
Not surprised to see Cirque opening the books to new capital and ideas, hope they don't spread themselves too thin. Remember Crispy Creme? They were everywhere. Not anymore.
$3 Billion is a lot, but I think it is an accurate number. I don't believe (And I have no facts to back this) but Cirque, does not own any of their permanent venues. This would significantly lower their "value" how ever I think this is smart business decision. As soon as you get into real-estate, it changes everything. But so do additional business partners. I think this is a smart move for their expansion and domination of live circus entertainment.
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