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Monday, April 06, 2020
Bankruptcy Looms Large for Beloved Cirque du Soleil
vitalvegas.com: Las Vegas fixture Cirque du Soleil is in a world of financial hurt, and closure of all its shows due to the coronavirus—44 productions in all—is likely to lead to the company filing for bankruptcy protection.
1 comment:
DJ L.
said...
While this is very sad, it almost doesn't seem surprising to me. This is for a couple reasons. One, I know that Cirque du Soleil has had a little bit of money issues since Guy Laliberte sold most of it to a few different investment groups in 2015. It is rumored that Cirque du Soleil is around 900 million dollars in debt at this point. The second reason, on the top of my head, has to do with the current situation. Having recently lost millions on both the NFL Experience, and R.U.N. in Vegas, Cirque du Soleil was not completely financially ready for the new Coronavirus world. This all being said, this is still extremely sad. Cirque du Soleil has been providing extremely fun, dazzling, imaginative worlds with their shows for years, and it would truly be a loss to the entertainment world if they are not able to bounce back from this.
1 comment:
While this is very sad, it almost doesn't seem surprising to me. This is for a couple reasons. One, I know that Cirque du Soleil has had a little bit of money issues since Guy Laliberte sold most of it to a few different investment groups in 2015. It is rumored that Cirque du Soleil is around 900 million dollars in debt at this point. The second reason, on the top of my head, has to do with the current situation. Having recently lost millions on both the NFL Experience, and R.U.N. in Vegas, Cirque du Soleil was not completely financially ready for the new Coronavirus world. This all being said, this is still extremely sad. Cirque du Soleil has been providing extremely fun, dazzling, imaginative worlds with their shows for years, and it would truly be a loss to the entertainment world if they are not able to bounce back from this.
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