Major immersive art exhibition firm files for bankruptcy

The Canadian company behind immersive exhibitions dedicated to artists such as Vincent van Gogh, Frida Kahlo and Claude Monet has filed for bankruptcy.

Toronto-based Lighthouse Immersive has filed for Chapter 15 bankruptcy in Delaware, along with its affiliates. The filing protects the company’s assets in the US, while insolvency proceedings take place in Ontario, Canada.

The company has obtained financing to fund itself during bankruptcy, according to court papers.

Lighthouse Immersive has ArtSpace venues in 18 cities across the US and Canada and claims to have sold more than seven million tickets. As well as interactive art exhibitions, the company has hosted shows featuring the music of Wolfgang Amadeus Mozart and Disney animation.

Writing on LinkedIn, David Title, a partner at New York-based Bravo Media, said: “While there are all sorts of reasons a company goes bust, I do think this is a sign that immersive alone is no longer enough to be considered a premium experience. We need to dig deeper in story, interactivity and creative sharing to push the world of immersive attractions forward.”