Save this article to read it later.

Find this story in your accountsSaved for Latersection.

Apparently, Just for Laughs cant survive just on laughs it needs money too.

Montreal,Canada 23 July,2017. Victor the mascot of the Just for Laughs festival.Credit:Mario Beauregard/Alamy Live New

In the meantime, the company says it will maintain its operations albeit in a scaled-down format.

Just for Laughs was founded in 1983 and celebrated its 40th year in existence in 2023.

Tags: