The Big Show Comes to Hollywood

Recent news from Hollywood will provide a lot of folks, both residents and tourists, with reason to spend a little more time in this storied part of Los Angeles. Cirque du Soleil, the international entertainment firm based out of Quebec, has agreed to open a new show in 2010 at the Kodak Theatre, part of the Hollywood & Highland retail center that was purchased by locally based CIM Group in early 2004 for around $200 mil. The 3,400-seat Kodak Theatre is also home to the annual Academy Awards® show, which is seen by more people each year than any other television program except for the Super Bowl.

Cirque du Soleil’s $100 mil production is the centerpiece of a 10-year agreement between the two companies. A cast of 75 performing artists will present the show 368 times a year, and while few details about the production’s content are available now, the company has announced that it would focus on Hollywood’s place in the history of cinema.

From a group of 20 street performers at its beginnings in 1984, Cirque du Soleil is now a major worldwide organization providing high-quality artistic entertainment. The company has close to 4,000 employees from over 40 different countries, including 1,000 artists. To-date, Cirque du Soleil shows have brought wonder and delight to close to 70 million spectators in close 200 cities on five continents.

“Cirque du Soleil is an internationally renowned performance company. Bringing a permanent show to the Kodak Theatre is a tremendous attraction for both residents and tourists,” said Shaul Kuba, Founder and Principal, CIM Group. “This commitment from Cirque du Soleil is another significant milestone in the continuing rebirth of Hollywood as a flourishing community with a vibrant daytime and nighttime population.”

Founded in 1994, CIM specializes in the ownership, management and development of properties in high-density urban communities. The company’s experience with various mixed-use, office, retail, hotel, entertainment and multifamily properties includes a number of assets it currently owns in Hollywood, making the company one of the largest property owners in the area.

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source: rentv.com