News Cedar Fair Merges with Six Flags

[Thriller]

Despite repeated requests for actual data, I still have seen no evidence of @Blauer's claims that, "Cedar fair, Six Flags, and Seaworld close the entire park because attendance is low and there’s a little rain in the air." I would caution against any debates predicated on unsubstantiated assertions. Imparting credibility on unproven claims risks allowing them to become perceived as agreed-upon facts.

Have you not experienced this at one of these parks??!!’n

I have numerous times after traveling 400-500 miles to go to these parks. At Kings Dominion. At Carowinds. And at Busch Gardens. Attendance was low. There was some rain in the air and they closed the park early. It definitely did not rain hard enough to justify closing the park. And several times it stopped raining and entirely when I experienced this.

Additionally, I was a Carowinds in November on a 50° day and they are closed the entire park at 3 PM with clear skies. Because of attendance!

It only takes some common sense to look at the situation when experiencing it

Carowinds closed early at least 10 times last year. They did not have dangerous weather 10 times last year.

I will continue to stand my ground on the subject I don’t care what people love amusement parks SO much that they justify unethical practices against their employees and their customers.

It’s also obvious that these people defending these unethical practices have not traveled hundreds of miles and spent money on hotels to attend a park that does not operate as advertised.

Oh yeah and Dollywood doesn’t do the sleazy kind of trick like Cedar fair Six Flags and Seaworld does

 

[Fiender]

Like, I'm not normally one to agree with Blauer, but closing for the slightest inconvenient weather absolutely happens. Its happened both times I've flown out to Cali, once at CGA for minor rain, and once at SFMM.

 

[Nicole]

So, no, you do not have any actual data to support your claims, just anecdotal evidence.

 

[Zachary]

Oh yeah and Dollywood doesn’t do the sleazy kind of trick like Cedar fair Six Flags and Seaworld does

I've said it before and I'm happy to say it again: I believe basically every regional amusement park in the United States closes for severely depressed attendance resulting from poor weather conditions—and I think that practice is wholly reasonable and defensible.

I have no idea why we're having this debate for the 20th time—this time in a thread about the merger of Six Flags and Cedar Fair. Argue about it until your heart is content in the thread dedicated to the subject.

"Weather" Closures

How do you know the park was closed for low attendance? Because I have been to parks before when it rained, and they operated the rides. This was not a severe storm. It was just rainy. The kind of weather the parks are absolutely capable of operating in. This is how these Corporate Theme Parks...

parkfans.net

 

[MaxxForceFan]

Six Flags stockholders approved the merger today.

SEC Filing

 

[qdeathstar's MAGA friend]

2. Compensation Advisory Proposal. To approve, on a non-binding advisory basis, the compensation that may be paid or become payable to Six Flags’ named executive officers that is based on or otherwise relates to the Mergers.

At the Special Meeting, the Compensation Advisory Proposal did not receive the requisite vote of the Company’s stockholders and therefore was not approved.

Lol, Six Flags' shareholders said no to any golden parachutes for its execs.

 

[orangeclay09]

Lol, Six Flags' shareholders said no to any golden parachutes for its execs.

Ouch. Even Sears execs got severance.

 

[b.mac]

Lol, Six Flags' shareholders said no to any golden parachutes for its execs.

Makes sense because they were not happy about the situation the first time Jim Reid-Anderson tried to retire.

 

[harry580]

any news on this?

 

[Zachary]

Beyond that it's still happening? Nope.

 

[GAcoaster]

I’d guess it will be finalized any day now since it was approved by the shareholders. It will just suddenly be announced on a random day…

 

[horsesboy]

I’d guess it will be finalized any day now since it was approved by the shareholders. It will just suddenly be announced on a random day…

Still waiting on regulatory approval so not a done deal but very likely.

here is a nice explanation on the legal movers that were used to avoid a CF shareholders fight.

Here's why Cedar Fair shareholders can't stop the merger with Six Flags from happening

There are a lot of different ways to structure a merger under Delaware law, and the type chosen here prevents a Cedar Fair shareholders vote from upending the deal

www.wkyc.com

 

[themeparktribune]

I’d guess it will be finalized any day now since it was approved by the shareholders. It will just suddenly be announced on a random day…

I wouldn't count on it being "any day now" just because of the shareholder vote. The companies have said from the start that they expected the merger to be finalized in the first half of 2024, and we're just past three months into the year. Hold your horses.

 

[GAcoaster]

Cedar Fair has an earnings call scheduled for May 9th, so I'm sure they'll have an update by then.

Cedar Fair to Announce 2024 First Quarter Results on May 9th; Earnings Call Starts at 10 AM EDT

SANDUSKY, Ohio, April 09, 2024--Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, said today it will issue its 2024 first-quarter financial results in the pre-market hours of Thursday, May 9, 2024.

finance.yahoo.com

 

[harry580]

I wonder if cedar fair/six flags can have snoopy in the parks or its going to be like the paramount parks thing where they can only have one ip at a park

 

[horsesboy]

Cedar Fair said in their quarterly call thar they currently expect the merger to close end of June

Merger of Cedar Fair and Six Flags still expected this summer, according to CEO

Cedar Fair CEO Richard Zimmerman, in a first-quarter earnings call Thursday declined to answer qu,estions about the merger. But he said he still expects the deal to go through in the second quarter of this year.

www.google.com

 

[harry580]

I wonder if six flags & cedar fair will either held on to one ip or drop one or two but keep the others, I mean, cedar fair did drop the paramount movies & tv ip in 2007 & Hanna barbera & nickelodeon ip in 2009 so I wouldn't be surprised if the merger did something similar (keep the peanuts ip but drop the warner bros ip)

 

[Zachary]

I think it has already been addressed earlier in the thread, but the combined chain is maintaining all currently held IPs. Maybe that changes one day, but definitely not in the immediate term.

 

[mtorange]

I wonder if six flags & cedar fair will either held on to one ip or drop one or two but keep the others, I mean, cedar fair did drop the paramount tv & movies ip in 2007 Hanna barbera & nickelodeon ip in 2009 so I wouldn't be surprised if the merger did something similar (keep the peanuts ip but drop the warner bros ip)

I was just thinking about this earlier today. As of now, they plan to keep both IPs at their respective park chains (PEANUTS at Cedar Fair and Warner Bros at Six Flags). However, with the PEANUTS contract set to expire in 2025 (pending a 5-year extension to 2030 that is already built into the contract), I am a bit worried that the Schulz estate is not going to want to renew the contract under the newly-merged company.

I don’t see the Warner Bros. contract (Looney Tunes and DC Comics) going anywhere. However, if the PEANUTS contract were to not be renewed, I could see Looney Tunes taking over PEANUTS areas at all parks.

 

[horsesboy]

I wonder if six flags & cedar fair will either held on to one ip or drop one or two but keep the others, I mean, cedar fair did drop the paramount movies & tv ip in 2007 & Hanna barbera & nickelodeon ip in 2009 so I wouldn't be surprised if the merger did something similar (keep the peanuts ip but drop the warner bros ip)

When Cedar Fair bought the Paramount parks they can with a ten year IP rights deal. Cedar Fair basically knew that at the end of the 10 year deal the price was going to go up significantly so they elected to start removing them earlier instead of continuing to pay the yearly rate and having to change them later. That is not the case with Six Flags and the WB rights which run for another 30 years at a relatively cheap rate. It's unlikely that the combined company would terminate such a deal