The Pandemic Has Left Cirque Du Soleil Staring Down Bankruptcy

“Its vast army of 1,800 artists relies on international travel to get from show to show, regularly crossing borders, performing on cruise ships, and interacting with fans. Daily training regimens require constant physical contact. The entire operation depends on an intricate logistical network of cargo ships, trucks, hotels, and food-service businesses, all of which have ground to a halt. In effect, government bans on large gatherings are a ban on Cirque itself, leaving a company that generated an estimated $950 million last year with essentially ‘zero revenues'” and debt that S&P and Moody’s have now assigned junk-bond status. – Fast Company