Cirque Revenue Hits Billions
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A discussion about Cirque du Soleil's business model and revenue streams.
"Cirque du Soleil does $1 billion a year in revenue, which is insane. 5-10% of all Las Vegas tourists go to a Cirque show when they're in town. They have about 10 different shows running.
The founder is a Canadian billionaire who had a brilliant idea - do a circus but with no animals, just human performers doing crazy acrobats with great costumes. He built it into a real juggernaut.
Cirque then bought Blue Man Group and VStar Entertainment. They do about 14 million tickets sold per year total - 10 million from Cirque shows, 2 million from Blue Man, and 2 million from VStar. They're all at different ticket prices.
The company was publicly traded but is now owned by private equity. It's basically created its own genre of entertainment. I think as the world moves more digital, the demand for these one-off experiences like getting out of the house to see shows is just going to keep going up. Music festivals, plays, musicals - I think they're all going to be bigger than before, in fact because the world is moving digital."
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.