4 ms·
Can’t say we did not see this coming.
by cooldevguy 6y ago
Can’t say we did not see this coming.
- narag 6y agoWhy? Were they unsustainable in any way? When I went to their show, the tickets were sold out very fast. It was long ago anyway.
- grahamburger 6y agoI'm sure they were doing fine until the pandemic.
- mav3rick 6y agoLol ? Who is going to see this right now. Travel is fundamental to a live show.
- narag 6y agoThere are many business affected by the pandemic. Depending on where you are, you can ask for some help from government. It won't work for every business of course, but they have a strong brand and a nice trajectory.
- deleted 6y ago[deleted]
- jcampbell1 6y agoIt was sold for $1.5B to private equity in 2015. I am assume it was largely debt financed. This looks like a default on debt and laying off employees. It will likely be back post vaccine, and owned by the current debt holders.
- stu2b50 6y agoThere's a teeny tiny obstacle to live audience performances right now, I think it was that one beer company.
- Scoundreller 6y agoWhy not? The founder sold most of his stake to 3 investment firms. One of which (at least) is big on Leveraged Buyouts: https://en.wikipedia.org/wiki/Cirque_du_Soleil#:~:text=On%2020%20April%202015%2C%20Guy,stake%20in%20the%20company%20himself https://en.wikipedia.org/wiki/Cirque_du_Soleil#:~:text=On%20....