BMG had little-to-nothing to do with this current situation. They were just a tens of millions buyout... Peanuts in comparison to the bigger debt picture. Cirque was nearly $600 million in the hole already at that point (2017).
The latest show to close in Vegas, RUN, was a more costly flop than the price tag on the company buying BMG.
Bankruptcy is imminent, but they if they want to survive, they will need to restructure into something smaller. Cut the fat, the number of open shows and the overall scope of spectacle. And that makes me incredibly sad, as it will directly affect a lot of performers and creatives I know and love.