2023: Groupe Juste pour rire Inc. faces $7.9M loss, cancels Montreal comedy festival due to UK underperformance and competition from Facebook/YouTube.
Just for Laughs festival parent company, Groupe Juste pour rire Inc., faced costly losses in 2023 due to an underperforming UK comedy festival and competition from Facebook and YouTube, leading to a net loss of over $7.9M in the first 10 months. These losses contributed to the company's insolvency, causing the cancellation of its flagship Montreal comedy festival and seeking protection from creditors.
March 16, 2024
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