An underachieving comedy festival in England and attempts by Facebook and YouTube to compete with the increasingly popular TikTok are among the factors that led revenue to plummet at the Just for Laughs festival parent company last year, a Quebec Superior Court filing suggests.
The report dated Thursday from insolvency trustee PwC, formerly known as PricewaterhouseCoopers, lists the circumstances that left Groupe Juste pour rire inc. unable to pay its debts.
