Join the Circus?

What happened to the circus?

Public Domain. Source: Pixabay

When I was a boy I loved going to the circus. The spectacle of the three-ring extravaganza coming to my city was something all the kids in my neighborhood looked forward to: the trapeze, the high-wire act, the clowns. And of course there were the performing animals—bears, big cats, and of course elephants. I still recall seeing 25 or thirty elephants standing on their hind legs in a ring, leaning their front legs on their neighbor’s back.

But all this may be going away. Feld Entertainment, which owns the Ringling Brothers and Barnum & Bailey Circus, announced that the show will end its 146-year run in May. In a statement, Ken Feld said that taking elephants out of its act last year has led to a dramatic drop in ticket sales—but that attendance had been declining for a long time before this.

Travelling circuses have been part of the landscape for centuries. Before P.T. Barnum’s Museum, Menagerie & Circus, Dan Rice had a “One-Horse Show,” and the Canadian-born Victor Pepin built circus theaters from Montreal to Havana, using them for the first travelling show. The elephants at the circus became such a fixture that “Seeing the elephant” became an American figure of speech.

But entertainment is changing. Attention spans are shorter. Amazing performances can be called up on demand on Youtube. Pyrotechnics are on display at any superhero movie, and death-defying stunts can be seen in a Red Bull commercial. And families – the mainstay of circus demand – are getting smaller.

Without its animals – and especially, the elephants

By |2017-01-19T11:58:17+00:00January 17th, 2017|Categories: Money Basics|0 Comments

About the Author:

Mr. Tengdin is the Senior Editor for Money Basics. A prolific blogger, Doug is the author of the popular daily market commentary blog “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 26 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings.Mr. Tengdin is the Chief Investment Officer at Charter Trust Company. Leave a comment if you have any questions—I read them all! Follow me on Twitter @GlobalMarketUpd •

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