The show "Sous … There is no other single show that is selling that many tickets year after year for over 20 years now,” he said. The deal will provide Cirque a solid foundation for a successful relaunch, including enhanced fan experiences and a concerted drive into new markets, the company said in a news release. Cirque du Soleil has been the scene of several accidents in recent memory. Canada’s Cirque du Soliel Entertainment Group has emerged restructured from a bankruptcy procedure that protected it from creditors, and put it in a position to relaunch its iconic shows. But, unfortunately, accidents can happen. About 120 artists, crew members and staff worked on "Zumanity," according to the Las Vegas Review Journal. The closing means that Cirque du Soleil… Cirque du Soleil has announced that it has closed the deal with its secured lenders and is emerging from creditor protection. LAS VEGAS (KTNV) — Cirque du Soleil informed the cast and crew of Zumanity about its permanent closure today. “This signature show is a symbol for us and that’s why it will be more than natural to open ‘O’ first. Daniel Lamarre will remain president and chief executive officer and will continue to sit on the company’s board of directors. The all-new Cirque du Soleil new show begins March 20 at Disney Springs. Aside from a few troubling exceptions, the live entertainment industry is essentially on hold for the time being. Just before Thanksgiving, the Montreal-based live entertainment group announced the closure of a purchase agreement with its secured lenders and that the company has emerged from the creditor protection period for which it filed in June in Canada and the United States. VIDEO - Behind-the-scenes look at creating the new Cirque du Soleil show debuting Spring 2020 at Walt Disney World 1 year ago. Cirque today confirmed the closing of the previously announced sale with its secured lenders. ... Daily news briefing direct to your inbox. “We are on the lookout for new types of shows we could bring and hopefully they will be able to come to fruition in the next few months,” he said. Cirque is the creative power behind such popular Las Vegas shows as Love at the Mirage, Michael Jackson One at Mandalay Bay and Mystere at Treasure Island. Cirque du Soleil Entertainment Group closes previously announced Purchase Agreement with its secured lenders and emerges from CCAA/Chapter 15 protection. “When the market is back to normalcy, it means we can bring back our shows, bring the company back to profitability and it also means we have the financial strength that it takes to go through the process we’re in right now where it’s not likely the market will be back to normal until have a vaccine. Cirque du Soleil Entertainment Group CEO Daniel Lamarre on emerging from bankruptcy protection, his outlook for live entertainment and how the news of a vaccine could assist the industry. ©Cirque du Soleil. The empty headquarters of Cirque du Soleil in Montreal. Canadian entertainment firm Cirque du Soleil is to cut 3,500 jobs after striking a deal to avoid bankruptcy. Cirque announced the permanent closure of the 17-year production “Zumanity” at New York-New York last month and simultaneously announced contract extensions for its other Las Vegas Strip shows — “O” at Bellagio, “The Beatles LOVE” at the Mirage, “KÁ” at MGM Grand, “Michael Jackson ONE” at Mandalay Bay and “Mystére” at Treasure Island. Learn More A taste of Cirque du Soleil at Sea on board MSC Grandiosa. Daniel Lamarre attends the 10th anniversary celebration of "The Beatles LOVE by Cirque du Soleil" at The Mirage Hotel & Casino on July 14, 2016 in Las Vegas, Nevada. Discover our two new, exclusive must-see shows: Cirque du Soleil at Sea EXENTRICKS and COSMOS, only on MSC Grandiosa. “People in Las Vegas and even we ourselves sometimes forget that ‘O’ is the most successful show in the world. “As a company with global opportunities and the ability to grow quickly, it is critical to Cirque’s successful expansion – and to its customers and partners – that we continuously execute on the right strategies,” Murren said in a statement. The Cirque group also owns the long-running Blue Man Group show at Luxor, which has yet to return to performances since the March shutdown of the Strip. It’s been a whirlwind past few months for Cirque du Soleil, as the performance company’s been hard hit with debut cancellations, massive layoffs, and even bankruptcy in the wake of the COVID-19 pandemic. Your access to Cirque du Soleil content, all in one place. The cast performs Strawberry Fields during “The Beatles LOVE by Cirque du Soleil” show at The Mirage Hotel & Casino on July 14, 2016 in Las Vegas, Nevada. The company announced the closing of the transaction with its secured lenders and its emergence from court protection from creditors today. It will send a clear signal worldwide that Cirque du Soleil is back.”. The presence of Murren and another new board member, current MGM President of Entertainment and Sports George Kliavkoff, is confirmation of the strong relationship between Cirque and Las Vegas, which began when the company’s first Strip residency “Mystére” opened at Treasure Island in 1993. © Las Vegas Sun, 2020, All Rights Reserved, 5 Bicyclists Killed, Others Hurt In Crash Near Boulder City. The company also launched a new online content hub called CirqueConnect during the pandemic shutdown, where a new behind-the-scenes special on “O” premiered last week. MONTREAL -- For the second year in a row, Cirque du Soleil is cancelling the show planned to take place in Montreal's Old Port. 5 months ago. Cirque du Soleil calls itself a "modern circus," using daring flips and tricks to wow packed stadiums for more than 30 years. The previous ticketed dates are missing from the calendar with the first show time falling at 5:30PM on November 17th. About a year ago, Cirque du Soleil’s aquatic landmark “O” shifted to a seven-night schedule, a first for the dream-like epic that originally opened with Bellagio in October of 1998. Cirque du Soleil The coronavirus pandemic has paralyzed the world of live entertainment. Cirque du Soleil, the greatest circus show on earth, is home to the world's greatest performers and acrobats. Cirque du Soliel Entertainment Group, the company behind multiple blockbuster Strip shows, has emerged from creditor protection in Canada with new ownership and a board including former Las Vegas casino executive Jim Murren. By Brock Radke (). Canadian entertainment firm Cirque du Soleil is to cut 3,500 jobs after striking a deal to avoid bankruptcy. Cirque du Soleil announced Monday it is filing for bankruptcy protection as the coronavirus pandemic continues to rattle the world.. About a year ago, Cirque du Soleil’s aquatic landmark “O” shifted to a seven-night schedule, a first for the dream-like epic that originally opened with Bellagio in October of 1998. The cast performs Strawberry Fields during “The Beatles LOVE by Cirque du Soleil” show at The Mirage Hotel & Casino on July 14, 2016 in Las Vegas, Nevada. He said he had the “utmost confidence” in Lamarre’s ability to grow the franchise. Last week, Cirque du Soleil President and CEO Daniel Lamarre said “O” will likely be the first Cirque show to reopen on the Las Vegas Strip in 2021. “It is the same company, the same bunch of artists and creators that are still very passionate about doing new shows. Watch … cirque du soleil and hangzhou xintiandi group announce reopening dates for 绮幻之境 - the land of fantasy Hangzhou, Tuesday, May 26, 2020 Cirque du Soleil Entertainment Group Announces $50 Million in Funding from Existing Investors TPG, CDPQ, and Fosun MONTREAL — Cirque du Soleil Entertainment Group says it has completed the sale company to a group of its creditors led by Catalyst Capital Group. News about Cirque du Soleil, including commentary and archival articles published in The New York Times. Nov 21, 2019 | 11:35am ET The entertainment group is … However, “Drawn to Life” at Disney Springs is now scheduled for a Fall debut, and tickets have just gone on sale on the Cirque du Soleil website. After passing the 10,000-show mark last September, the production hired new artists and increased the cast to 117 from 77 in preparation for what should have been its biggest year yet. Cirque has relaunched three productions in recent months: “X: The Land of Fantasy” in Hangzhou, China; “Joya” in Riviera Maya, Mexico; and a smaller holiday show at the Gaylord Palms hotel in Kissimmee, Florida. In January, a performer fell during a performance of "O" at the Bellagio hotel in … After that we will be able to invest the millions of dollars it takes to relaunch all of our existing shows.”. We are Cirque du Soleil - we currently have 20 productions worldwide, have brought wonder and delight to more than 160 million spectators in over 400 cities, in 60 countries, on 6 continents. Murren, the former chairman and CEO of MGM Resorts International, is joining the board as co-chairman, along with Gabriel de Alba, managing director and partner of Catalyst Capital Group, the company said. Lamarre said he was looking forward to working with the new stakeholders and that “together, we have already begun laying the groundwork for the relaunch of Cirque du Soleil and are excited to enter the next chapter of Cirque’s history.”, © Las Vegas Sun, 2020, All Rights Reserved, 5 Bicyclists Killed, Others Hurt In Crash Near Boulder City. Monday, Nov. 16, 2020 | 11:58 a.m. Cirque du Soleil’s innovative, mischievous and joyful “Zumanity,” the resident headlining production at … “Zumanity was a groundbreaking departure for Cirque du Soleil … Cirque du Soleil, the producer of a number of Las Vegas acrobatic shows, has filed for bankruptcy protection. Sign up for our newsletter. With the recent closure at New York-New York and the pre-pandemic closure of “R.U.N,” at Luxor, there are two Strip theaters previously occupied by Cirque shows without long-term residency plans and Lamarre said he’s hoping to make some announcements regarding those venues soon. Behind the scenes, it is also home to amazing talents like Filipino chef Ariel Layug who has been with the show for seven years now. At Cirque du Soleil, everything starts with a dream. Whether it was with our first twenty circus performers or today’s 4,000 employees, we harness our creative energy to incite the imagination, provoke the senses and awaken the emotions of people everywhere. The new investment group is led by Toronto firm Capital Catalyst Group and the co-chairs of the new Cirque du Soleil board of directors are former MGM Resorts International CEO Jim Murren and Catalyst Managing Director Gabriel de Alba. "Cirque du Soleil put an entirely new face on entertainment in Las Vegas," says Bobby Baldwin, a top executive with the MGM/Mirage hotel chain, Cirque's business partner in Vegas. “Having [Murren and Kliavkoff] is not only good for Las Vegas, which is key to the development of this company, but it’s also [about] the opportunity to develop with [MGM] in their other casinos around the world,” Lamarre said. Cirque du Soleil videos and latest news articles; GlobalNews.ca your source for the latest news on Cirque du Soleil . Although Cirque du Soleil was originally selling tickets starting on November 5th, the tentative start date of its new production has now been delayed to November 17th. The Cirque du Soleil has successfully finished refinancing with Toronto-based investors and plans to relaunch, the company announced Monday. Former MGM CEO Jim Murren will serve as co-chairman of the board. 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