{"id":123356,"date":"2024-03-08T04:22:27","date_gmt":"2024-03-08T04:22:27","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2024\/03\/08\/company-that-runs-just-for-laughs-festival-owes-nearly-22-5-million-court-documents\/"},"modified":"2024-03-08T04:22:27","modified_gmt":"2024-03-08T04:22:27","slug":"company-that-runs-just-for-laughs-pageant-owes-practically-22-5-million-court-docket-paperwork","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2024\/03\/08\/company-that-runs-just-for-laughs-pageant-owes-practically-22-5-million-court-docket-paperwork\/","title":{"rendered":"Company that runs Just for Laughs pageant owes practically $22.5 million: court docket paperwork"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div data-article-socialshare=\"true\">\n<div id=\"article-fontSizer\" class=\"c-fontSizer\">\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--decrease c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Decrease Font\" data-tooltip-title=\"Decrease text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Descrease article font dimension<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=beigjoens#font-decrease\"\/>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--increase c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Increase Font\" data-tooltip-title=\"Increase text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Increase article font dimension<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=beigjoens#font-increase\"\/>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n<div id=\"\">\n<p>Court paperwork present the corporate that runs the <a href=\"https:\/\/globalnews.ca\/tag\/just-for-laughs\" target=\"_blank\" rel=\"noopener\">Just for Laughs<\/a> comedy pageant owes practically $22.5 million to collectors.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/d21y75miwcfqoq.cloudfront.net\/70c8fc80\" alt=\"\" style=\"position:absolute;width:1px;height:1px\" referrerpolicy=\"no-referrer-when-downgrade\"\/><\/p>\n<p>Groupe Juste pour rire Inc. introduced Tuesday that it was searching for creditor safety and cancelling this 12 months\u2019s pageant in Montreal, and mentioned Wednesday that the Toronto occasion could be getting the axe too \u2014 not less than quickly.<\/p>\n<p>The papers filed in Quebec\u2019s Superior Court present <a href=\"https:\/\/globalnews.ca\/tag\/juste-pour-rire\" target=\"_blank\" rel=\"noopener\">Juste pour rire<\/a> owes $16.6 million to the National Bank of Canada.<\/p>\n<p>It additionally owes practically $2 million to the Business Development Bank of Canada and greater than $2.5 million to the Societe de developpement des entreprises culturelles, a Quebec authorities company.<\/p>\n<div class=\"c-textSignup\">\n\t\t\t<strong><br \/>\n\t\t\t\tThe electronic mail you want for the day&#8217;s\t\t\t\t<a class=\"c-textSignup__link\" href=\"https:\/\/globalnews.ca\/news\/10343002\/just-for-laughs-company-money-owed\/javascript:void(0)\" data-micromodal-trigger=\"newsletter-signup\" data-trackable=\"true\" data-trackaction=\"article | newsletter signup text\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\t\t\t prime information tales from Canada and all over the world.<br \/>\n\t\t\t\t<\/a><br \/>\n\t\t\t<\/strong>\n\t\t<\/div>\n<p>A spokesman for the corporate declined to touch upon the monetary state of affairs.<\/p>\n<p>Juste pour rire introduced Tuesday that it had laid off 75 workers \u2014 roughly 70 per cent of its workforce \u2014 because it appears to restructure.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues beneath commercial<\/p>\n<\/p><\/div>\n<p>The firm says it hopes the festivals will resume in 2025 as soon as it has completed restructuring the enterprise.<\/p>\n<p>The occasion in Montreal usually occurs in July, and the Toronto pageant had been scheduled for September.<\/p>\n<section id=\"content-dynamic-trending-stories\" class=\"l-inlineStories l-inlineStories--tile u-hide-tablet-landscape\" aria-label=\"Dynamic trending stories section\">\n<p>\n\t\t<span class=\"l-inlineStories__title c-heading c-heading--strikethrough\">Trending Now<\/span>\n\t<\/p>\n<ul class=\"l-inlineStories__posts c-posts c-posts--inline \">\n<li class=\"c-posts__item\">\n\t\t\t<a href=\"https:\/\/globalnews.ca\/news\/10341588\/canadian-forces-recruitment-death-spiral\/\" class=\"c-posts__inner\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2024\/03\/Bill-Blair-4.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t<span class=\"c-posts__headlineText\" title=\"Canada\u2019s military facing \u2018death spiral\u2019 on recruitment, minister says\" data-title=\"\">Canada\u2019s navy dealing with \u2018death spiral\u2019 on recruitment, minister says<\/span>\n\t<\/p>\n<\/p><\/div>\n<p>\t\t\t<\/a>\n\t\t<\/li>\n<li class=\"c-posts__item\">\n\t\t\t<a href=\"https:\/\/globalnews.ca\/news\/10339262\/217-covid-vaccines-side-effects-immune-system-germany\/\" class=\"c-posts__inner\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2023\/09\/GettyImages-1297932321.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t<span class=\"c-posts__headlineText\" title=\"\u2018Hypervaccinated\u2019: Doctors study man who\u2019s had 217 COVID-19 vaccines\" data-title=\"\">\u2018Hypervaccinated\u2019: Doctors examine man who\u2019s had 217 COVID-19 vaccines<\/span>\n\t<\/p>\n<\/p><\/div>\n<p>\t\t\t<\/a>\n\t\t<\/li>\n<\/ul>\n<\/section>\n<p>Juste pour rire blamed its monetary woes on numerous components, together with the COVID-19 pandemic, inflation and the altering leisure business, although court docket information present a bailiff seized greater than $800,000 in belongings from the corporate final week after it didn&#8217;t make a court-ordered cost to a former worker.<\/p>\n<p>That worker just isn&#8217;t on the record of debtors filed in court docket.<\/p>\n<p>That record does embrace Equipe Spectra, a Montreal pageant producer that&#8217;s owed greater than $611,000; and Bell Canada, which is owed greater than $237,000. Bell Canada owns a 51 per cent stake in Juste pour rire with occasion promoter Evenko.<\/p>\n<p>Evenko and Equipe Spektra are each a part of Groupe CH \u2014 an organization headed by Geoff Molson, who sits on the board of Juste pour rire.<\/p>\n<section id=\"sophi_article_widget\" class=\"l-inlineStories l-inlineStories--text l-inlineStories--sophi\" aria-label=\"More on Canada\" data-sophi-feature=\"article-canada\">\n<\/section><\/div>\n<div>\n<p>\n\t\t&amp;copy 2024 The Canadian Press\t<\/p>\n<\/div>\n<p><script defer src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;appId=318812448281278&#038;version=v3.3\"><\/script><br \/>\n<br \/>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Descrease article font dimension Increase article font dimension Court paperwork present the corporate that runs the Just for Laughs comedy pageant owes practically $22.5 million to collectors. Groupe Juste pour rire Inc. introduced Tuesday that it was searching for creditor safety and cancelling this 12 months\u2019s pageant in Montreal, and mentioned Wednesday that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":123358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-123356","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment"},"_links":{"self":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/123356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=123356"}],"version-history":[{"count":0,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/123356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media\/123358"}],"wp:attachment":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=123356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=123356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=123356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}