Cirque Du Soleil files bankruptcy

[CaptainLee]

Not to worry because everything will be fine with covid before September right folks?

For everyone who went to Vegas year after year and instead of going to one of the remarkable Cirque du Soleil performances would visit... less reputable "shows", we have some bad news: you are now out of luck, because as the Las Vegas Review Journal reports, Cirque du Soleil - the Las Vegas Strip’s preeminent production company for more than two decades - has filed for bankruptcy protection, in which existing stakeholders have a "stalking horse" agreement to acquire the company, setting the minimum price for an auction.

According to the report, the company which had six productions on the Strip, announced Monday morning from its Montreal headquarters it was seeking a debt restructuring protection under its home country’s Companies’ Creditors Arrangement Act (CCAA). The company said in its filing announcement the bankruptcy filing and refinancing move was “in response to immense disruption and forced show closures as a result of the COVID-19 pandemic.”


In March, Cirque du Soleil shut down all 44 of its shows and laid off 95% of its work force, including more than 1,300 in Las Vegas in response to the covid shutdowns.

 

[crudebar]

Does that guy that use to lose huge sums of money in poker still own this company?

I do enjoy how the article scolds the reader for choosing other or perhaps less expensive shows and it's somehow your fault this happened. Haha

 

[Willie99]

I'm not even sure how to respond to your "right folks" comment, simply bizarre. Nobody is pretending their won't be financial hardships, but some people are rather callous to the financial hardships being created by policies they espouse.

Looks like they couldn't wait for the "perfect moment to reopen", with approval of all the liberals of course.

There's high demand for their product. They'll reorganize and / or another company will emerge and provide the services they've been providing. Still sucks, I love Cirque du Soleil and hope they get through these back breaking shutdowns.

It's an election year, some people don't give a shit about others although they pretend to, the end result is all that matters to them and they'll do whatever it takes