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Cirque du Soleil (French: [siʁk dy sɔlɛj], Quebec [sɪʁk dzy sɔlɛj]; "Circus of the Sun" or "Sun Circus") is a Canadian entertainment company and the largest contemporary circus producer in the world. Located in the inner-city area of Saint-Michel, Montreal, it was founded in Baie-Saint-Paul on 16 June 1984 by former street performers Guy Laliberté and Gilles Ste-Croix. Originating as a performing troupe called Les Échassiers (IPA: [lez‿eʃasje]; "The Stilt Walkers"), they toured Quebec in various forms between 1979 and 1983. Their initial financial hardship was relieved in 1983 by a government grant from the Canada Council for the Arts to perform as part of the 450th anniversary celebrations of Jacques Cartier's voyage to Canada. Their first official production Le Grand Tour du Cirque du Soleil was a success in 1984, and after securing a second year of funding, Laliberté hired Guy Caron from the National Circus School to recreate it as a "proper circus". Its theatrical, character-driven approach and the absence of performing animals helped define Cirque du Soleil as the contemporary circus ("nouveau cirque") that it remains today. After financial successes and failures in the late 1980s, Nouvelle Expérience was created—with the direction of Franco Dragone—which not only made Cirque du Soleil profitable by 1990, but allowed it to create new shows. Cirque du Soleil expanded rapidly through the 1990s and 2000s, growing from one production to dozens of shows in over 300 cities on six continents. The company employed 4,900 people from 50 countries and generated an annual revenue of approximately US$1 billion in 2017. The multiple permanent Las Vegas shows alone play to more than 9,000 people a night, 5% of the city's visitors, adding to the over 100 million people who have seen Cirque du Soleil productions worldwide. In 2000, Laliberté bought out Daniel Gauthier, and with 95% ownership continued to expand the brand. In 2008, Laliberté split 20% of his share equally between the investment groups Istithmar World and Nakheel of Dubai in order to further finance the company's goals. In partnership with these two groups, Cirque du Soleil had planned to build a residency show in the United Arab Emirates in 2012 directed by Guy Caron and Michael Curry. However, following Dubai's financial problems in 2010 caused by the 2008 recession, Laliberté stated that the project had been "put on ice"; that he might be looking for another financial partner to bankroll the company's future plans; and that he might even consider giving up another 10% of his share in the company. In 2015, TPG Capital, Fosun Industrial Holdings, and Caisse de dépôt et placement du Québec purchased 90% of Cirque du Soleil while Laliberté retained a 10% stake in the company. The sale received regulatory approval from the Government of Canada on 30 June 2015. In February 2020, Laliberté sold his 10% ownership of the company to Caisse de dépôt et placement du Québec for $75 million. Following a bankruptcy brought on by the COVID-19 pandemic, the company was sold to Catalyst Capital and businessman Jim Murren in November 2020. The company's creations have received numerous prizes and distinctions, including three Drama Desk Awards; seven Primetime Emmy Awards; multiple Gemini Awards; a Daytime Emmy Award; a Juno Award; and a star on the Hollywood Walk of Fame. In 2000, Cirque du Soleil was awarded the National Arts Centre Award, a companion award of the Governor General's Performing Arts Awards, and in 2002 was inducted into Canada's Walk of Fame. History 1979–1983: Origins In 1979, after having quit college and learned the art of fire breathing, Guy Laliberté organized a summer fair in Baie-Saint-Paul with the help of Daniel Gauthier and Gilles Ste-Croix. As part of a publicity stunt to convince the Quebec government to help fund this production, Ste-Croix walked the 56 miles (90 km) from Baie-Saint-Paul to Quebec City on stilts. This gave them funding for the stilt-walking troupe Les Échassiers de Baie-Saint-Paul, which then toured Quebec the following year in 1980. Although well received by audiences and critics alike, Les Échassiers was a financial failure. Laliberté spent the following winter in Hawaii while Ste-Croix stayed in Quebec to set up a nonprofit holding company named "The High-Heeled Club" (Club des Talons Hauts) to mitigate the losses of the previous summer. This allowed Les Échassiers de Baie-Saint-Paul to break even by fall 1981. The following summer, Laliberté and Ste-Croix founded La Fête Foraine, a street performance festival that featured circus performances and workshops to teach the circus arts to the public. Laliberté managed and produced the fair for 2 more years, becoming a moderate financial success. In 1983, the government of Quebec gave him a $1.6 million grant to host a production the following year as part of Quebec's 450th anniversary celebration of the French explorer Jacques Cartier's arrival in Turtle Island (North America). This became Cirque du Soleil's first production Le Grand Tour du Cirque du Soleil. 1984–1989: Foundation and early productions The company's first production Le Grand Tour performed in Quebec for 13 weeks in summer 1984. Although several issues persisted during the first tour (including a collapsed tent and conflict between artists), it was a financial success. After securing funding from the Canadian government for a second year from the help of Quebec premier René Lévesque, Laliberté hired Guy Caron, head of the National Circus School, as Cirque du Soleil's artistic director. Laliberté and Caron reworked the company's performance style to emulate that of Moscow Circus by having the acts tell a story. Further influences from the Circus of China, Cirque Arlette Gruss, and Circus Roncalli led Cirque du Soleil to approach their shows in a more theatrical fashion with live music and no technical crew on stage. To assist in this shift towards a theatrical production, Laliberté and Caron hired Belgian director Franco Dragone to direct segments of their 1985 production, Cirque du Soleil. The company's first non-Quebec performances in Ontario in 1985 were unsuccessful, leading to a $750,000 deficit. To allow a 1986 tour to mount, the Desjardins Group covered $200,000 of bad checks, financier Daniel Lamarre represented the company for free, and the Quebec government allotted it an additional year of funding. La Magie Continue, their 1986 production, proved more artistically successful with the direction of Franco Dragone. This extended to the creation of their 1987 show Le Cirque Réinventé. In the summer of 1987, Cirque du Soleil was invited to present Le Cirque Réinventé at the Los Angeles Arts Festival. Despite only having enough money to make a one-way trip, the company agreed to open for the festival in September of that year. Le Cirque Réinventé's first American performances were an instant critical and financial hit, allowing them make a profit of over $1..... Discover the Lyn Heward John U Bacon popular books. Find the top 100 most popular Lyn Heward John U Bacon books.