Cirque du Soleil has filed for bankruptcy protection just three months after temporarily canceling dozens of its flashy acrobatic shows worldwide because of … It also has about 10 shows on tour across the world, including "O," "Michael Jackson One," and "The Beatles LOVE.". The show "Sous … Cirque du Soleil Entertainment Group says it has completed the sale of the company to a group of its creditors led by Catalyst Capital Group. Cirque du Soleil Casting operations are temporarily suspended as part of necessary measures during the COVID-19 outbreak. Cirque’s shows — wildly popular, but very expensive to stage — have become top draws to Las Vegas Strip resorts over the years. Disclaimer. All rights reserved. Located in the inner-city area of Saint-Michel, it was founded in Baie-Saint-Paul on 16 June 1984 by former street performers Guy Laliberté and Gilles Ste-Croix. Cirque du Soleil Entertainment Group CEO Daniel Lamarre on emerging from bankruptcy protection, his outlook for live entertainment and how the news of … With the sale of Cirque du Soleil successfully concluded, president and CEO Daniel Lamarre believes shows will gradually begin reopening in … Photo credit: Steven Blois. Plunge into O, the original water show from Cirque du Soleil at the Bellagio. Factset: FactSet Research Systems Inc.2018. The closing means that Cirque du Soleil… Rated one of the best things to do in Las Vegas. CEO and … Dec 10, 2019 | 2:05pm ET VIDEO - Behind-the-scenes look at creating the new Cirque du Soleil show debuting Spring 2020 at Walt Disney World Cirque du Soleil Entertainment Group had previously reached an agreement with its creditors on the sale of the company, which was among the hardest-hit brands in the COVID-19 pandemic. The company announced the closing of … Cirque was forced to cancel its shows earlier this […] "For the past 36 years, Cirque du Soleil has been a highly successful and profitable organization," said Daniel Lamarre, CEO of Cirque du Soleil Entertainment Group in a release. Cirque du Soleil and the live entertainment industry writ large have faced severe consequences from the Covid-19 crisis, with the virus outbreak leading to the cancellation of shows. When the pandemic hit, it had 44 shows being staged around the world, including six different ones in Las Vegas. Canadian entertainment firm Cirque du Soleil is to cut 3,500 jobs after striking a deal to avoid bankruptcy. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Cirque du Soleil (French: [sɪʁk dzy sɔ.lɛj], "Circus of the Sun" or "Sun Circus") is a Montreal-based entertainment company and the largest contemporary circus producer in the world. All times are ET. Biden's economic plan is bold. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Cirque du Soleil, the producer of a number of Las Vegas acrobatic shows, has filed for bankruptcy protection. The Cirque du Soleil has successfully finished refinancing with Toronto-based investors and plans to relaunch, the company announced Monday. Get your tickets now! The cast performs Strawberry Fields during “The Beatles LOVE by Cirque du Soleil” show at The Mirage Hotel & Casino on July 14, 2016 in Las … In an announcement Monday, the Montreal-based company blamed its situation on the "immense disruption and forced show closures as a result of the Covid-19 pandemic" and is aiming to restructure its debt with assistance from the Canadian government and, The filing comes three months after it temporarily suspended production of its shows, including six in Las Vegas. Canada’s Cirque du Soliel Entertainment Group has emerged restructured from a bankruptcy procedure that protected it from creditors, and put it in a position to relaunch its iconic shows. CIRQUE DU SOLEIL LAUNCHES ALL-NEW CIRQUECONNECT DIGITAL EXPERIENCE WITH EVEN MORE ORIGINAL CONTENT, CIRQUE DU SOLEIL ENTERTAINMENT GROUP ENTERS INTO AN AGREEMENT WITH ITS SECURED LENDERS, CIRQUE DU SOLEIL ENTERTAINMENT GROUP ANNOUNCES COMPREHENSIVE PLAN TO RESTART BUSINESS, CIRQUE DU SOLEIL AND HANGZHOU XINTIANDI GROUP ANNOUNCE REOPENING DATES FOR 绮幻之境 - THE LAND OF FANTASY, Cirque du Soleil Entertainment Group Announces $50 Million in Funding from Existing Investors TPG, CDPQ, and Fosun, Cirque du Soleil to take part in STRONGER TOGETHER, TOUS ENSEMBLE broadcast this Sunday. Llc 2018 and/or its affiliates increasingly untenable as its productions remain suspended best to! Shown in real time, except for the DJIA, which is delayed by two.... 29, 2020 billion in debt, according to the Las Vegas About artists... Entertainment firm cirque du Soleil has announced that it has closed the deal with its secured and... 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