Cirque du Soleil targets 'beginning of 2021' for shows to return from virus closures, CEO says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

'With the social distancing, if we could operate with 50% of our capacity, we would start making a little bit of profit,' Cirque du Soleil CEO Daniel Lamarre told CNBC.

, said the return of the company's shows in Orlando will also benefit from a locally based cast and crew.

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. On Monday, New York City's Broadway League announced that it hasLamarre said it will likely take the Montreal-based Cirque "a good two years" to return to pre-pandemic levels of profitability.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Broadway will remain dark until 2021, Cirque du Soleil files for bankruptcy'The alchemy of 1,000 strangers bonding into a single audience will be possible again when Broadway theaters can safely host full houses,' said one Broadway advocate. StopHate4Profit Such a joke. tough break 😂
Source: NBCNews - 🏆 10. / 86 Read more »

Cirque du Soleil files for bankruptcy protection as COVID-19 cancels showsCanada'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. I hear they’ve been going through loops to avoid it. Will miss them dearly. They should’ve had a financial safety net. they won so much money for decades... Where is that money ?
Source: Reuters - 🏆 2. / 97 Read more »

Cirque du Soleil files for bankruptcy protection as COVID-19 cancels showsThe Montreal-based entertainment company, which runs six shows in Las Vegas, has struggled to keep its business running amid coronavirus restrictions that started in March, forcing it to lay off about 95% of its workforce and temporarily suspend its shows. "With zero revenue since the forced closure
Source: YahooNews - 🏆 380. / 59 Read more »

Cirque du Soleil files for bankruptcy protection'With zero revenue since the forced closure of all of our shows due to COVID-19, the management had to act decisively to protect the Company's future,' said CEO Daniel Lamarre. TODAYshow CryptoOz they need your funding sir TODAYshow Is it really only eight months since we saw their wonderful show? TODAYshow
Source: NBCNews - 🏆 10. / 86 Read more »

Cirque Du Soleil Files For Bankruptcy Protection, Vows To Return “Brighter Than Ever”The world’s largest contemporary circus producer is folding up its tents — for now. Cirque du Soleil said Monday that it has filed for bankruptcy protection, saying, “We have no c…
Source: DEADLINE - 🏆 109. / 63 Read more »

Cirque Du Soleil Files for Bankruptcy Protection Amid PandemicA consortium of existing investors and debt holders are preparing a bid to repurchase the company and inject $300 million to help restart its global business.
Source: THR - 🏆 411. / 53 Read more »