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Documents show more companies, performers owed money by Just for Laughs

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MONTREAL — Documents made public by an insolvency trustee show Montreal comedy festival Just for Laughs and affiliated companies owe millions of dollars i

n unpaid debts beyond what was included in a court filing last week.

Documents released this week by insolvency trustee PwC, formerly known as PricewaterhouseCoopers, show an additional $5 million in unpaid debts owed by the festival and other affiliated businesses. Included in the $5 million of newly disclosed debts is $3.4 million owed by the comedy festival, whose creditors include hotels, venues and production companies.

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Just for Laughs cancellations in Toronto, Montreal underscore vulnerability of industryThe cancellation of the Just for Laughs comedy festivals in Montreal and Toronto this year underscores the vulnerability of an industry struggling to manage ballooning costs while vying for increasingly in-demand but inadequate government grants.
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