An-Najah News - The world-famous Canadian company, Cirque du Soleil, has declared bankruptcy due to the spread of the coronavirus.

The circus could not stand the financial pressure on it after its artists had to take compulsory leave because of the spread of the Corona epidemic 3 months ago in Canada.

Then its debts accumulated to the banks at a frightening speed, as the absence of their shows ultimately leads to the absence of box office revenues, as well as the need to pay the value of the rental of buildings and the salaries of the artists. The company's debts amounted to one billion dollars by June.

In order to reduce costs, the company's management had to lay off 35 thousand artists.