This is very literally the origin story of Cirque du Soleil, so all signs point to "yes".
Whether it's viable to have many smaller ones like circuses before, or only to have a few of the "very good" ones, remains to be seen.
Even though CdS has evolved quite a bit from its origins, it's still comedy/clowns, trapeze, contortionists, juggling, strong men, acrobatics, magicians and tricks, all told. They've replaced animals with music and story, mainly.