It's far past time SEAS pack it in and sell the parks to Merlin who has expressed interest. With years of mismanagement and failure to innovate(Example of this is BG building out a VR attraction when AR is beginning to surpass the older VR technologies) has left SEAS in this situation.
Not excluding the Blackfish issues, their overall failures to market properly and innovate in the face of stiffer competition has left the park with less attendance and revenues.
Further the park system doesn't have the capital for expansive upgrades and adding new attractions and/or IP from other companies that Universal and Disney are buying and/or leasing to add attractions to continue a growth.
SEAS only way out at this point is to sell, they haven't substantially increase profits, net worth or attendance since Blackstone sold them out and sent the company public.
Doom and gloom, maybe, but at some point you have to look at the company realistically and what's best for it as a whole. The path to resistance is futile unfortunately, especially when Disney is clocking in about $8B+ in revenues per quarter.
Not excluding the Blackfish issues, their overall failures to market properly and innovate in the face of stiffer competition has left the park with less attendance and revenues.
Further the park system doesn't have the capital for expansive upgrades and adding new attractions and/or IP from other companies that Universal and Disney are buying and/or leasing to add attractions to continue a growth.
SEAS only way out at this point is to sell, they haven't substantially increase profits, net worth or attendance since Blackstone sold them out and sent the company public.
Doom and gloom, maybe, but at some point you have to look at the company realistically and what's best for it as a whole. The path to resistance is futile unfortunately, especially when Disney is clocking in about $8B+ in revenues per quarter.