Cirque du Soleil files for Bankruptcy
Kind of sad but also expected as the Covid-19 Pandemic wiped out any revenue opportunities.
https://www.cbc.ca/news/canada/montr...ptcy-1.5631354
Quote:
Cirque du Soleil, the circus company that was once one of Quebec's most successful businesses, filed for bankruptcy protection on Monday.
But Quebec's major institutional investors have made a bid to secure the company's future and keep it based in Montreal.
The company's revenue flow was devastated by the pandemic, which forced it to halt dozens of productions around the world.
In a news release, the company said Quebec Superior Court will hear its application for bankruptcy protection tomorrow. If granted, the company said it will also seek bankruptcy protection in the United States.
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There does seem to be some hope in terms of private investors, but I doubt anyone is going to dump money in willingly until we know what the new normal is going to be.
Could the CFL be next?
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Look on my Works, ye Mighty, and despair!
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