Monday, June 29, 2020

Cirque Du Soleil Files For Bankruptcy


The highly questionable lockdowns have taken down another big name.

Cirque du Soleil, the Las Vegas Strip’s preeminent production company for more than two decades, has filed for bankruptcy protection, reports the Las Vegas Review-Journal.

The company, which has six productions on the Strip, announced Monday morning that it was seeking debt restructuring protection.

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 bankruptcy filing also allows the company protection from creditors to reduce its debt load, reported being at least $900 million.

-RW


4 comments:

  1. Two women in the last two day's have told me "Better safe than sorry", and "It's for our safety".
    I refrained from slugging them although the fight with my girl friend had her packin' for New Jersey (creep,crawl,creep - I'm human).
    Is it me, or is obedience along gender lines? Well, sure, along with some cucks, of course. This issue has to be dealt with (gingerly, my friends).

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  2. RW, any opinion on how harmful (to the economy) these bankruptcies actually are? After all, it is a way to shed debt and reorganize the balance sheet...and come back leaner and meaner than before. Any comment?

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    1. Just butting in here. It's one thing if a business goes tits up due to bad practices, but quite another if a good business goes T.U. due to a government fiat.

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    2. Capn is right and no one wants to talk about the 100 ton oligarchy elephant in the room that wants to eradicate any and all competition.

      The world of Wall-E is on the way.

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