Cirque du Soleil announced that it just filed for Bankruptcy
Well, folks, we know that COVID has been hard for everyone. But with a combination of changing times and the inability to have shown, Cirque du Soleil got hit extra hard. In fact, they’ve filed for bankruptcy.
And because there’s a bunch of weird legal jargon we’re going to help break this down. Basically, Cirque du Soleil has entered into a “stalking horse” agreement. And that super weird term means that they want to be bought out by investors. This move means that employees, artists, and contractors will be able to get paid. Which is great considering they’ve all been out of work since March.
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So while it’s sad, we hope that Cirque du Soleil can have a successful restart. After all, they’ve been giving us unique circus shows since the 80s and started right here in Canada. So this can’t possibly be the end of them as they’re so well-loved.
But if you’d like to learn more you can click here. And don’t say we didn’t warn you about the legal jargon. It’ll be a workout for your brain. And maybe you’ll even get some ideas on how to help them begin anew. Or maybe you’ll just be inspired to start your own troupe.