Cirque du Soleil Going to business revitalization procedure Zero profits at Corona June 30 21:16
The operating company of the Cirque du Soleil, a Canadian theater company that is famous worldwide for its circus and artistic performance, announced on the 29th that it will apply for the Corporate Creditor Adjustment Act to the court and enter into the business rehabilitation procedure. Did. The local media reported that the performance was stopped due to the spread of the new coronavirus, and the box office was run out of money for the box office.
"Cirque du Soleil" is a theater company headquartered in Montreal, Quebec, Canada, performing in various countries around the world, including Japan, and is gaining popularity for its artistic performance. As a result, the performance was canceled this March.
Under these circumstances, the operating company applied for application of the Corporate Creditor Adjustment Act to a court in Canada on the 29th and announced on the official website that it will enter the business rehabilitation procedure.
Although the amount of debt was not disclosed in the announcement, according to the Canadian public broadcasting CBC, the company had a debt of about 900 million dollars and 97 billion yen in Japanese yen, and the box office was run out of cash due to lack of box office. That is.
In addition to dismissing approximately 3,500 employees, the operating company is considering applying for bankruptcy law to the US Bankruptcy Court.
“We had to make a decisive move to protect the future of the company, as all performances were discontinued and revenue was zero,” said Daniel Lama.