Cirque Du Soleil Files For Bankruptcy Protection

The New York Daily News reports:

Cirque du Soleil announced Monday it was filing for bankruptcy protection, blaming “immense disruption and forced show closures as a result of the COVID-19 pandemic.”

The Montreal-based entertainment company also said it was entering a “stalking horse” agreement with some of its existing stakeholders, TPG, Fosun and Caisse de dépôt et placement du Québec, who are making a takeover bid.

Cirque du Soleil had six shows running in Las Vegas, including “Zumanity” and “The Beatles LOVE,” before shutting down on March 14. Though casinos have reopened in Nevada, shows like Cirque du Soleil’s have not reopened under the state’s guidelines regarding large crowds.