Cirque du Soleil, the producer of a number of Las Vegas acrobatic shows, has filed for bankruptcy.
In an announcement Monday, the Montreal-based company blamed its bankruptcy on the "immense disruption and forced show closures as a result of the Covid-19 pandemic" and is aiming to restructure its debt with assistance from the Canadian government and private equity firms.
The filing comes three months after it temporarily suspended production of its shows, including six in Las Vegas. It also has about 10 shows on tour across the world, including "O," "Michael Jackson One," and "The Beatles LOVE."
The group said it aimed to rehire a "substantial majority" of these employees once lockdowns are lifted.