Trending
The parent company of Knott’s Berry Farm and Six Flags Magic Mountain is considering the sale or closure of some of its 42 theme parks and water parks following the merger of the two largest regional amusement park chains in North America.
Six Flags floated the possibility of selling some theme parks as part of Project Accelerate during the company’s latest quarterly earnings call on Wednesday, Nov. 6.
ALSO SEE: Knott’s Berry Farm and Six Flags Magic Mountain considering joint annual pass
Six Flags and Cedar Fair merged in July following a review by the Department of Justice that allowed the newly combined company to keep Magic Mountain and Knott’s — which compete in the Southern California marketplace.
Six Flags listed “Portfolio Optimization” as a key objective as part of an investor presentation and promised a “comprehensive review of the portfolio to evaluate the potential divestiture of non-core assets to help reduce leverage.”
“In layman’s terms, Six Flags will review its roster of parks and may consider selling some of them,” according to Attractions Magazine.
The potential closure or sale of some Six Flags amusement parks “are now on the table,” according to Theme Park Insider.
ALSO SEE: Knott’s-Magic Mountain season pass combo costs $1,459 less than Disneyland Magic Key
The combined portfolio of Cedar Fair and Six Flags includes 27 amusement parks and 15 water parks in the United States, Canada and Mexico that attract 48 million visitors a year.
Six Flags owns seven of the Top 20 North American amusement parks based on annual attendance, according to the TEA/AECOM annual report.
The chain’s largest parks include Buena Park’s Knott’s Berry Farm (4.2 million annual visitors), Ohio’s Cedar Point (4 million), Ohio’s Kings Island (3.5 million), Valencia’s Six Flags Magic Mountain (3.4 million), Canada’s Wonderland (3.2 million), Illinois’ Six Flags Great America (3 million) and New Jersey’s Six Flags Great Adventure (2.5 million), according to the TEA/AECOM report.
The parent company of Knott’s Berry Farm and Six Flags Magic Mountain is considering the sale or closure of some of its 42 theme parks and water parks following the merger of the two largest regional amusement park chains in North America.
Six Flags floated the possibility of selling some theme parks as part of Project Accelerate during the company’s latest quarterly earnings call on Wednesday, Nov. 6.
ALSO SEE: Knott’s Berry Farm and Six Flags Magic Mountain considering joint annual pass
Six Flags and Cedar Fair merged in July following a review by the Department of Justice that allowed the newly combined company to keep Magic Mountain and Knott’s — which compete in the Southern California marketplace.
Six Flags listed “Portfolio Optimization” as a key objective as part of an investor presentation and promised a “comprehensive review of the portfolio to evaluate the potential divestiture of non-core assets to help reduce leverage.”
“In layman’s terms, Six Flags will review its roster of parks and may consider selling some of them,” according to Attractions Magazine.
The potential closure or sale of some Six Flags amusement parks “are now on the table,” according to Theme Park Insider.
ALSO SEE: Knott’s-Magic Mountain season pass combo costs $1,459 less than Disneyland Magic Key
The combined portfolio of Cedar Fair and Six Flags includes 27 amusement parks and 15 water parks in the United States, Canada and Mexico that attract 48 million visitors a year.
Six Flags owns seven of the Top 20 North American amusement parks based on annual attendance, according to the TEA/AECOM annual report.
The chain’s largest parks include Buena Park’s Knott’s Berry Farm (4.2 million annual visitors), Ohio’s Cedar Point (4 million), Ohio’s Kings Island (3.5 million), Valencia’s Six Flags Magic Mountain (3.4 million), Canada’s Wonderland (3.2 million), Illinois’ Six Flags Great America (3 million) and New Jersey’s Six Flags Great Adventure (2.5 million), according to the TEA/AECOM report.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The information provided by California News Bird is for general informational purposes only. While we strive to ensure that the content we publish is accurate, current, and reliable, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or availability of the information, products, or services contained on our website.
