{"id":1213,"date":"2008-09-23T08:34:23","date_gmt":"2008-09-23T15:34:23","guid":{"rendered":"http:\/\/www.artsjournal.com\/artfulmanager\/wp\/2008\/09\/theres_good_money_in_bungeecor\/"},"modified":"2008-09-23T08:34:23","modified_gmt":"2008-09-23T15:34:23","slug":"theres_good_money_in_bungeecor","status":"publish","type":"post","link":"https:\/\/www.artsjournal.com\/artfulmanager\/main\/theres_good_money_in_bungeecor.php","title":{"rendered":"There&#8217;s good money in bungee-cord ballet"},"content":{"rendered":"<p>In the heat of August, somehow I missed <a href=\"http:\/\/www.cirquedusoleil.com\/CirqueDuSoleil\/en\/Pressroom\/cirquedusoleil\/public\/pressreleases\/news122.htm\">this announcement from nouveau-circus mavens Cirque du Soleil<\/a> about their 20-percent buyout by the government of Dubai (through Istithmar World Capital and Nakheel PJSC, <a href=\"http:\/\/www.canada.com\/topics\/news\/national\/story.html?id=2e2a0a9d-1d45-4dad-9551-9f2a780bcae8\">also reported here<\/a>). The stake adds meat to an existing partnership between the Canadian mega-performer and the emirate, where the two had already been working on a&nbsp; permanent show in a new<br \/>\n1,800-seat theatre on Palm Jumeirah,<br \/>\nan artificial island off the coast of Dubai.<\/p>\n<p>Cirque has reported annual revenue of $700 million, and its founder Guy Laliberte was already valued at $1.5 billion last year. It&#8217;s nice to know he&#8217;ll have a little more spending money, and a nice warm place to winter.<\/p>\n<p>But it&#8217;s also fascinating to watch Dubai and its fellow emirates turn to culture, couture, and tourism as their <i>other<\/i> source of income is showing signs of running out. The arts may not be oil, but they certainly are valued (in some places, at least) for the energy they bring.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the heat of August, somehow I missed this announcement from nouveau-circus mavens Cirque du Soleil about their 20-percent buyout by the government of Dubai (through Istithmar World Capital and Nakheel PJSC, also reported here). The stake adds meat to an existing partnership between the Canadian mega-performer and the emirate, where the two had already [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-1213","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-main","7":"entry"},"_links":{"self":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/posts\/1213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/comments?post=1213"}],"version-history":[{"count":0,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/posts\/1213\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/media?parent=1213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/categories?post=1213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/tags?post=1213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}