The seven performers had recently returned from a … THIS is the horrifying moment a Cirque du Soleil star fell to his death in front of a shocked crowd during a show. "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. "However, with zero revenues since the forced closure of all of our shows due to Covid-19, management had to act decisively to protect the company's future.

MONTREAL: Cirque du Soleil Entertainment Group said on Monday (Jun 29) it has filed for protection from creditors under the Companies' Creditors Arrangement Act (CCAA) as the COVID-19 … Yann Arnaud died from his injuries in hospital after falling onto the stage while … Canada's Cirque du Soleil Entertainment Group filed for bankruptcy protection on Monday as the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off its artistes.

That's becoming increasingly untenable as its productions remain suspended.

Cirque du Soleil is to axe 3,500 jobs as part of cost cutting measures to avoid bankruptcy. Posted: Jul 13, 2020 / 03:19 AM CDT / Updated: Jul 13, 2020 / 03:19 AM CDT. Business reporter by: Lauren Magiera, Larry Hawley. "Cirque de Soleil was among thousands of entertainment companies which depend on live audiences, to suffer from the impacts of COVID-19. As precautions to prevent the spread of COVID-19, Cirque du Soleil has temporarily suspended all of their shows on the Las Vegas strip as well … Reopening: Famed Cirque du Soleil Files For Bankruptcy Protection Amid COVID-19 Financial Losses June 30, 2020 at 7:05 am Filed Under: Cirque Du Soleil , Coronavirus , COVID-19 LAS VEGAS (FOX5) -- Cirque du Soleil executives opted to sideline seven Michael Jackson One performers over concern about the coronavirus.

Coronavirus: Cirque du Soleil axes 3,480 jobs - but plans to rehire most The Canada-based company has outlined a restructuring plan in response to the "immense disruption" caused by … Entertainment company Cirque du Soleil is axing more than 3,000 jobs in a restructuring after the coronavirus pandemic wiped out its revenues.However the Canada-based group - known for its shows in Las Vegas and around the world - said it aimed to rehire a "substantial majority" of these employees once lockdowns are lifted.It said it was filing for protection from creditors in Canada while it develops a plan to restart its business.The company said it was taking action "in response to immense disruption and forced show closures as a result of the Montreal-based Cirque temporarily suspended its productions in March because of the outbreak.It is now terminating 3,480 employees of the more than 4,000 who were furloughed at that time - the latter number representing 95% of its workforce.The company said its restart plan included "the intent to rehire a substantial majority of terminated employees, business conditions allowing, once and as mandatory shutdowns are lifted and operations can resume".It added that given that its resident shows at Las Vegas and Orlando were expected to resume before the rest, artists in its residents shows division were not affected.Under the restructuring, existing shareholders have agreed to invest $300m and take over Cirque's liabilities - including to ticketholders affected by cancellations of the shows - while a Quebec government body will provide $200m in debt financing.The deal will also see existing secured creditors take a 45% stake in the restructured company.There will be a $20m fund "to provide additional relief to impacted employees and independent contractors".Daniel Lamarre, chief executive of Cirque du Soleil Entertainment Group, said: "For the past 36 years, Cirque du Soleil has been a highly successful and profitable organisation. "Pics of the week: Would you use a see-through dunny?Quarantine breachers vow to return to state 'by force' "However, with zero revenues since the forced closure of all of our shows due to COVID-19, management had to act decisively to protect the company's future.

To improve your experience Cirque du Soleil Entertainment Group have filed for bankruptcy after the coronavirus pandemic forced it to close shows around the world.In just five months, the company, which over the last three decades has grown to become internationally recognised as one of the best live-entertainment brands, has been crippled by the social and economic impacts of the pandemic.The Montreal-based company blamed its bankruptcy 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 Cirque entered a "stalking horse" bid from its largest backers, including a mix of multinational private equity firms from the United States, China and Canada for US$610 million. Cirque du Soleil Entertainment Group have filed for bankruptcy after the coronavirus pandemic forced it to close shows around the world. Cirque du Soleil acrobats deal COVID-19 show cancellations Sports.