Cirque du Soleil announced today that they are filing for bankruptcy protection after closing all of their shows and laying off 95% of their workforce in March.
According to sources, the company is “seeking a debt restructuring protection under its home country’s Companies’ Creditors Arrangement Act (CCAA).”
Cirque is reportedly $900 million in debt and has “no specified strategy for when, how or even if all of its shows will reopen on the Strip.” No word from Disney on the all-new “Drawn To Life show that is all but set to debut at Disney Springs this year.
As always, follow us on Twitter and Facebook for the latest.
Clint Gamache is the owner of ThrillGeek. He started ThrillGeek to share his love of theme/amusement parks and pop culture with the world. You can find him at Halloween Horror Nights. Also, be sure to follow him on Twitter/X, Instagram @iamcg83
You may also like...
Savi’s Workshop Unveils an Updated “Protection and Defense” Lightsaber and Major Blade Upgrades
Disney Believe Revealed: First Look at New Venues, Entertainment and More Coming to Disney Cruise Line’s Newest Ship
Cosmic Rewind at EPCOT Gets a Holiday Playlist
Obligatory Holiday Overlay: What’s New at Rock ‘n’ Roller Coaster This Holiday Season