Cirque du Soleil Acquires the Blue Man Group for ‘Tens of Millions’

Posted on: July 13th, 2017 at 5:14 am by

Independent off-Broadway theater sustained a major hit last week. The Blue Man Group – founded on the Lower East Side nearly 30 years ago – was gobbled up by Cirque du Soleil.

The two entities agreed on a deal reportedly worth “tens of millions,” with the “mutual aim of expanding Blue Man’s reach beyond its five permanent United States shows (in New York, Boston, Chicago, Las Vegas and Orlando, Fla.), a world tour and one permanent international show (Berlin).”

According to the report in the New York Times

The purchase provided an opportunity for Cirque to diversify its portfolio after years of financial tumult. In 2015, the company sold a majority stake to TPG, a private equity firm in Texas.

“The acquisition of Blue Man, for us, is kind of a breakthrough to make clear to people that Cirque is going from a circus company to becoming a global leader of entertainment,” [Cirque CEO] Mr. Lamarre said.

The terms of the deal were not disclosed, although Mr. Lamarre said the sale price was in the “tens of millions.”

Chris Wink, who founded Blue Man Group in 1991 along with Phil Stanton and Matt Goldman, said that the idea to sell came about a few years ago, as the company was looking to gain a foothold in other parts of the world. China specifically came to mind.

It’s unclear at the moment whether the two shows will combine creative elements onstage.

The Blue Man Group got its start in Astor Place at 434 Lafayette Street. Over the years, it appeared in commercials for Intel, as a plot line in Arrested Development, and founded a private school on the Lower East Side called the Blue School.

Recent Stories

Chad Marlow Resigns from CB3 After Removal from Committee Chair Position Over Liquor Density Fight

Newly appointed Community Board 3 chair Alysha Lewis Coleman stepped into controversy last week when she reportedly sacked member Chad Marlow from his post as Transportation committee chair, a seat he’s held for little more than a year and a half. And today he is completely resigning from the advisory board. The major bone of […]

‘Electrical Issue’ Sidelines Ludlow Street’s Sweet Chick Indefinitely

Celebrity-backed Sweet Chick has been closed and on the ropes for the last three days. Apparently, there were some unspecified “electrical issues,” and Con Edison came to shut down the waffles-and-chicken restaurant just before the busy rush on Friday evening. Computer printouts taped to the vestibule say the same – that it’s closed “temporarily” and […]

Twofold Rent Increase Forces Mexican Mainstay ‘El Maguey y La Tuna’ to Close

This is how the elder statesmen of the Lower East Side are treated. Pushed to the curb. El Maguey y La Tuna on East Houston Street, the mom-and-pop restaurant serving Mexican cuisine to the neighborhood since 2002, has two months to live. It’s apparently closing at the end of March. The culprit, but of course, […]

Epstein’s Bar Returned to Hell Square this Weekend After 2-Year Hiatus

Epstein’s Bar fought for its survival; now its revival is here. The nightspot reopened to the public on Friday night. More than two years after aborting operations at the northeast corner of Stanton and Allen Streets – for neighbors, a welcome relief – the longtime watering hole is finally back on track. The interim period was apparently […]

This is the 9-Story Glass Office Tower Replacing the Sunshine Cinema

With the Sunshine Cinema now dark – the theater closed for good last night – we have the first look at the monstrosity to replace it. A nine-story glass tower that boasts 65,000 square-feet of commercial office space and ground-floor retail. The New York Times has the scoop on the first rendering of the project, […]