Due to the COVID-19 pandemic, Cirque du Soleil filed bankruptcy yesterday.
In March, the circus company was forced to shut down productions all over the world, leaving 3,500 workers with no job.
BREAKING: In a move that would have been unheard of even a year ago, @Cirque, the Las Vegas Strip’s preeminent production company for more than two decades, has filed for bankruptcy https://t.co/LbkrWAt1Sh
— Las Vegas Review-Journal (@reviewjournal) June 29, 2020
A group of existing investors will take over the company for $300 million as well as financially support the laid-off workers.
Do you think Cirque du Soleil will bounce back and be successful once again?