Montreal-based Cavalia, the creative force behind world-renowned equestrian and multimedia spectaculars like “Cavalia” and “Odysséo,” has officially filed for bankruptcy, citing accumulated debts of over $28 million.

The shows, primarily “Cavalia: A Magical Encounter Between Human and Horse” and later “Odysséo,” were grand, touring productions housed under colossal white big tops. These performances blended intricate equestrian ballet, daring acrobatics, aerialists, dancers, live music, and stunning multimedia projections that created immersive, dreamlike landscapes. The core philosophy of Cavalia centered on the profound bond and mutual respect between humans and horses, with training methods designed to ensure the animals enjoyed their participation. Audiences were consistently mesmerized by the artistry, the freedom displayed by horses at liberty, and the palpable connection between the human and equine stars, making Cavalia a globally renowned and beloved entertainment experience.

The company’s substantial debts are owed to a range of creditors, with major figures including Caisse Desjardins du Plateau-Mont-Royal ($10.4 million), Investissement Québec ($4.4 million), the Société de développement des entreprises culturelles ($3.5 million), and Canada Economic Development ($1.8 million). Creditors’ meetings have been scheduled to address the reasons behind the group’s insolvency.

While Cavalia gained international acclaim for its mesmerizing equestrian performances, a recent venture, the “Illumi” light and sound show in Laval, Quebec, reportedly contributed to its financial woes. The project, launched in 2019, ceased operations in January 2024 after its site agreement with the City of Laval was not renewed.

In a statement to The Journal de Montréal, Normand Latourelle expressed deep sadness over the bankruptcy, attributing the situation to “broken promises of recent years.” He emphasized that less than one percent of Cavalia’s revenue came from public subsidies, forcing the company to rely on its own funds and “overpriced loans,” which ultimately proved unsustainable.

The bankruptcy of Cavalia signifies the end of an era for a company that captivated audiences worldwide with its unique blend of equestrian artistry and theatrical innovation.