Circus News

Cirque du Soleil Files for Bankruptcy Protection, Terminates 3,500

In a move that would have been unheard of even a year ago, Cirque du Soleil, the Las Vegas Strip’s preeminent production company for more than two decades, has filed for bankruptcy protection.

The company, which has six productions on the Strip, announced Monday morning from its headquarters in Montreal it was seeking a debt restructuring protection under its home country’s Companies’ Creditors Arrangement Act (CCAA).

As expected, the company said in its filing announcement the refinancing move was “in response to immense disruption and forced show closures as a result of the COVID-19 pandemic.”

Cirque du Soleil shut down all 44 of its shows in March, laying off 95 percent of its workforce, including more than 1,300 in Las Vegas. The company further announced that nearly 3,500 employees in its international workforce would be terminated, though none in its Las Vegas productions…

Read the Full Article at Review Journal

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