Did Six Flags Just Win?
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- Опубликовано: 21 авг 2024
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I think cedar fair is the real boss because their old CEO is the CEO of the merged company and they own slightly more of the company
Please, no more clones. One of my least favorite features of Six Flags. Maybe I'm old fashioned, but I'd prefer the parks to remain unique, with unique collections that actually motivate you to visit.
Not that Cedar Fair parks don't have them too, but they're far less prevalent and tend to be more on the family end of the spectrum.
I personally agree, but from a GP point of view clones are really smart. Only the enthusiasts go to enough parks to care and the GP gets to not miss out on Batman or whatever at there local park. It saves the company money reusing a proven design and lets the GP not miss out on a popular ride.
But yeah. As an enthusiast, it gets annoying.
One thing I like about the uk is that clones aren’t really a thing, at least not as far as I’m aware
There's still nowhere near monopoly level yet---at least in terms of overall global market share. Universal and Disney still reign supreme, so not a big issue there.
yes but in the american amusement industry they absolutely do have monopoly. get ready for clones upon clones 💀
I mean in North America they do pretty much have the monopoly. The only hope people aiming to overtake them have is Universal (excluding Disney because they won’t actually invest in major thrill rides will they?)
[EXTREMELY LOUD INCORRECT BUZZER]
Actually if you want to put it as who one/lost, it's Six Flags that lost. Cedar Fair owns the majority of the company now.
Thank you. Cedar Fair is the superior company in every area other than name brand recognition. They will be saving Six Flags and its parks rather than the other way around. Cedar fair was just fine on its own
That's not exactly what that means. Doesn't mean one is in more control than the other. That seems to be a common misconception. This still has a decent chance to get dropped.
@@alecscheerer_run 51% cedar fair and 48% six flags LITERALLY means cedar fair has the majority share. That would put it in higher control. But you don’t seem to want to hear the facts snowflake
NOT SO FAST
THE CEO IS FROM CF
THE BOARD OF DIRECTORS IS SF
THE BOARD IS 12 PEOPLE
ITS SPLIT 6 CF --- 6 SF
IF THEY VOTE OUT THE CEO FROM CF
THE DESIDING VOTE GOES TO THE B.O.D. SF
THAT VOTE WOULD ROMOVE CEDAR FAIR AS CHAIRMAN
@@marcusmcgraw3519 Cedar Fair and Six Flags were both equally cash poor and with an incoming recession nobody would have survived so coming out here saying "they will be saving Six Flags and its parks rather than the other way around" is absurd and also Cedar Fair is not the actual owner the CEO may be from Cedar Fair but its split down the middle with 6 members from both Six Flags and Cedar Fair and with the head being Selim Bassoul
So here is the thing about the Six Flags/Cedar Fair merger: It makes a lot of sense in the current market. And no, I don't think it creates a concern of any sort related to it becoming a monopoly.
For starters, you have Disney and Universal. And you can't compete with either of them (particularly, these days, Universal which is just doing Tony Stark shit that even has Disney thinking, "WTF?"). And both of those companies, while situated on opposite ends of the country, are making encroachments into the middle of the country (Universal is opening something in Texas soon).
Those, of course, are theme parks. Not amusement parks (though Universal straddles the line). You also have upstart companies opening up insane projects in the bible belt. You have Lost Islands in Iowa which looks promising if it can develop an audience. More importantly, there is a major push in Oklahoma to build a park that can rival a Disney or Universal park. The American Heartland Park sounds impossible, but it's very well-funded and being built (like, actually being built) by former Disney Imagineers.
You have the many privately owned parks that are difficult to compete with. Like, you're not competing with Knoebels or Lagoon or Hershey. Sorry. You're not. Not if you're Six Flags or Cedar, anyway. You also have Herschend (with an insane amount of properties including parks like Silver Dollar City and Dollywood) that straddles the middle ground between theme and amusement park. Herschend owns the middle of the nation, and you can't compete with them without a massive investment.
And the future of the industry seems to be centered in the heartland/middle of the country. Six Flags and Cedar Fair aren't going to compete with what already exists there, nor can they compete with the other companies breaking ground there.
More importantly, though, is Sea World/Busch Gardens. That company is doing crack lately. Ever since they fell under intense scrutiny over ethical concerns related to their exploitation of animals, the company has done a complete 180. They overhauled their practices when it came to animals, and they've focused, almost exclusively, on building thrill rides.
Disney attracts families, but you're not going to experience a lot of thrills. Plus, you'll have to deal with shit like It's a Small World and insane lines. Universal is perfect for families with older kids. It has thrills and insane lands (the new Super Nintendo Worlds are incomprehensible), but the prices and lines are stupid.
Sea World? That's the perfect weapon. Kids young and old (even mom and dad) will enjoy petting dolphins and watching sea lions muck it up. Throw in the fact that you can also ride a hyper coaster? Perfect weapon. Six Flags, Cedar fair? They can't compete with Sea World as currently constituted. They can't compete with Disney or Universal. They probably won't be able to compete with the massive parks being build in places like Oklahoma or Iowa. They can't compete with the well-established independent parks.
Six Flags and Cedar Fair are an endangered species.
During the coaster wars of the '90s and early years of this century, both companies painted themselves into a corner. If they want to survive, it makes sense to Voltron up, combine their resources, and forge ahead in a new direction.
We will likely never see another giga coaster again, and that monstrosity being built in Saudi Arabia may be the last "reach for the stars" coaster we ever get to experience. I'm not sure what this new company will look like in ten or twenty years.
I do believe, though, that without this merger there is a good chance both companies would not make it another ten or twenty years.
So, yeah: The merger makes sense.
It's stunning. But it makes sense. Coaster enthusiasts will flock to parks with insane rides, but the amusement/theme industry makes its money by catering to families.
All the parks I just talked about, even if pricier, are more appealing to families. And for every coaster enthusiast, there are a thousand families.
The merger makes sense. Insane as it sounds, it makes sense.
kinda a crackhead theory but i could potentially see this leading to some of the parks that're closer together or less profitable shutting down, considering it kinda fits what cedar fair did to some parks before this
Stealing Sixflags flagship mega park then closing it down was a gigantic blow that help lead to a bankruptcy for SF. I see this happening. Since CF owns 51% they aren't going to keep unprofitable parks or ones they don't fit the quality they are looking for around long.
@@exploreohio1735are you talking about Geulga Lake?
@Itsyaboyharry98 at the time when Six Flags owned it, it was called Six Flags Worlds of Adventure. First ever 3 parks in one, Biggest Amusement park in the world. Cedar Park went back to the original name Geauga Lake after they bought it from Six Flags. It was their biggest Failure and Six Flags was never was the same since.
@@exploreohio1735 Cedar Fair buying Geauga Lake wasn't a direct blow to Six Flags what really killed Six Flags was the amount of investments they would put into their parks each year and these weren't your run of the mill Jim Reid Anderson gimmicky rides that fill you with hopelessness in the future of Six Flags it was the giant intamins and B&M's that were killing the company
So the company will be called Six Flags but Cedar Fair own 51%
As long as the Six Flags parks up their game to Cedar Fair quality and operations and not the other way this will be a good mvoe
Totally agreed. Six flags is more recognizable as a brand name, cedar fair is the better run company. If cedar fair runs this arrangement, both sides win big. Cedar fair gets more exposure, and six flags gets a better product. I am totally fine with this move
They're both winners in this case. Cedar Fair will acquire more than twoce the number of properties they have, and Six Flags will hopefully learn a lot from Cedar Fair such as better operations, improvements in cleanliness and atmosphere, and less ride closures.
So I do want to ask now. SeaWorld and Herschend Parks? Sounding like a match made in heaven. No overlapping markets. Both known for quality experiences.
Watch this start a trend. The new Six Flags operates as Cedar Fair currently is with a focus on quality over quantity. Then in order to better compete, SeaWorld and Herschend entertainment merge. They adopt the old Six Flags model focusing on quantity over quality. Now we are back at square 1.
The cost for Universal to buy out the DC rights just got ten feet higher.
As long as worlds of fun still gets an orient express 2 im ok with whatever
This will be interesting for parks like Michigans Adventure and LaRonde
Michigan’s Adventure is safe since it’s the worst park and still profitable. La Ronde is a bit of a different story
I’m assuming they’ll become the joint flagship parks for Cedar Flags.
Don't be surprised if the new conglomerate doesn't end up buying SeaWorld sometime in the future.
I think it will help an underinvested park like St.Louis in which Six Flags neglected over the years and also the last of the "Original3" Six Flags properties
Can the new stability mean they can save California’s Great America????
No. It's not a performance issue with that park.
the fact that in the cruise analogy its still DISNEY thats the main competitor
Why are we so willing to accept a world where the stock price dictates a company’s success? If buybacks were banned, we wouldn’t be dealing with Six Flags facing bankruptcy every other 5 years.
Absolutely hands-down not unexpected, they’ve been talking about this for years and years
Nice Video, whats the track in the BGM at 2:25 ? its good stuff
$SIX is delisting / merging with $FUN.
Haha did 6 flags just win? Lmfaoo.
No.
Cedar fair is saving six flags.
GATE ATTENDANCE AT ALL CEDAR FAIR PARKS HAVE TANK OVER THE LAST 3 YEARS
KINGS ISLAND SHOULD GET 3.5 MILLION A YEAR
2023 WAS THEIR LOWEST ATTENDANCE SINCE 1988
1.8 MILLION
Bugs Bunny and Snoopy together 👍
I am curious what happens now with RMC because from what I know cedar fair doesn’t like RMC that much so is this the end of RMC conversions and single rail coasters in the us?
Cedar fair owns slightly more then six flags (CP 52% SF: 48)
Cedar fairs owner is the leader while Selena is the attendant
Considering that the FTC let T Mobile and Sprint merge I dont see them stopping this
Wait what!?!
If this is what it takes to finally tear down Hurler at Carowinds and convert it into a Twisted Timbers clone, then I’m in favor of it
for one thing they both need to now how it will play out think about the Penn central merger they were thinking it was a good thing but it came worst because new York central and PRR were arrivals from the start and is like cedar fair and six flags but if they can resolve the issue and fine a footing on the floor it be fine hopefully but i think they should name it cedar flags and keep the parks the same but with DC peanuts and the looney toons all together we will have to see
ABSOLUTLY 1,000,000 CORRECT
CEDAR FAIR HAS BEEN FOCUSED ON THE LOCALS TO BUY THOSE SEASON , FASTLANE , FOOD , DRINK , PARKING PASSES AND GAVE UP ON THE DISTANCE TRAVELERS ,,,,
(( WHICH IS ACTUALLY THEIR BREAD AND BUTTER ))
AND LOST BIG $$$$ BY DOING SO JUST TO PAD THE STOCK HOLDERS WALLETS ......
SIX FLAGS WAS ABOUT BASICALLY KEEPING IT ALL THE SAME
(( EXEPT MAGIC MOUNTIAN ))
NOT PLAYING TO A FAVORITE TYPE OF GUEST , WHICH HAS THE CEDAR FAIR KIDS (( KIDS THAT MARATHON SOME COASTER 50 TIMES IN ONE DAY AT ANY CEDAR FAIR PARK )) NOW HAVING TO STAND IN LINE LIKE THE REST OF US OUT OF TOWNERS DO ........
CEDAR FAIR HAS 51% OF THE STOCK CONTROL
CEDAR FAIR HAS THE CEO
THE BOARD MEMBERS ARE SPLIT 6 AND 6
CHAIRMAN OF THE BOARD IS SIX FLAGS WHICH COULD BE THE DESIDING VOTE TO REMOVE THE COMPANIES CEO ,,,,,
JUST LIKE THE PENN CENTRALS AND DISNEY DIBACLE
Will they permanently close Six Flags America
And bring back holiday in the park??
no lol.
Cedar fair holds majority shares of six flags, So six flags is now a cedar fair franchise.
Ugh, that's not even remotely close. I'd suggest reading the details
@@alecscheerer_run Thats what it is though, Cedar Fair is technically the leading company, but they operate under the name six flags.
@@alecscheerer_run what's not close? CF will hold 52% with their CEO at the helm.
@donzender9008 That doesn't mean Cedar Fair is running things and is making all the decisions. Idk where you're coming up with that idea from. Six Flags is still around. However, Cedar Fair is no more. They are one big company under the Six Flags name.
@@alecscheerer_runthe company is trading under Cedar Fair. The headquarters and operations are all at CF parks. The CEO of SF is now 2nd in charge while CF remains CEO.
Literally the only thing remaining of Six Flags is their name.
🤦
The simple fact that the press release reads "Six Flags to merge with Cedar Fair" and not the other way around.
Hot take Carnival Cruise lines > Royal Caribbean
I don’t want this, tbh. It feels like they’re going to lessen their investments in some parks because there’s no competition. I have Carowinds as my home park and I’m already disappointed with the park because it feels like they have no reason to do things better due to a lack of major competition, and if they make their nearest competitor a part of the same company it feels like this issue will become even worse.
I really want all of the parks to improve as much as possible and if there’s no competition and the guests enjoy the park as is there’s no real reason to improve.
I understand your fears but carowinds has already been one of cedar fairs favorites to invest in over the last decade or so and the headquarters of the new combined company will be in Charlotte. Carowinds is one of the last parks that needs to worry, they’re a gemstone in even the new combine portfolio.
Season passes?
RIP KINGDA KA THEN
That’s not leaving
They’ll probably want to get a park in Florida.
Cedar Fair owns 51% of the deal. Read it before making a comment
You literally have little idea what you're taking about. There is absolutely no chance they build a ground up park period, nonetheless in Florida. Do you have any idea what a ground up park costs? Hint, there is a reason neither Cedar Fair nor Six Flags has built one since the 70's. One of the first things the combined company will look at is what parks to cut. SF has a bunch of non lucrative EPR lease deals with 2 dry parks and 5 water parks. Other low performing, low price point parks are also likely on the chopping block..LaRonde, Great Escape, America etc.. 27 parks and 15 water parks is too many mouths to feed. THe reason Cedar fair has nicer parks, higher quality food/restaurants, infrastructure is that they only had 11 parks while producing more revenue than SF. Cedar Fair essentially is running the show in the merger with the CEO and CFO.
Wow, you can read 10K reports and consolidated balance sheets. What a fantastic achievement! Also it is a bit ignorant to say "absolutely no chance" in regards to business😂
@TheCoasterJosh You're clearly not smart enough to read them. The video is absolute nonsense. There were so many basic errors because you know nothing. I didn't waste time correcting all the false statements and logic that are contradictory to the financials and conference or investor presentations. Stick to something you know, which is nothing about business, finance and this industry.
Man, you really need to learn how to spell correctly. I highly doubt you are knowledgeable about this topic when you can’t even write a sentence without spelling errors. Instead of wasting time commenting on every RUclips video you see, you need to relax and do something more meaningful. At the end of the day a RUclips video that disagrees with your opinion shouldn’t cause you this much anger. Are you just wanting attention at this point? I’ve seen you comment on other channels and I don’t understand why it’s giving you such a thrill to troll with people.
One last thing, I’m very curious if you have a degree in Business Administration/Finance.
@@TheCoasterJosh I know more about this you wish. You haven't the most basic understanding of the topic, which you put on full display in this video. Facts aren't anger, that's the logic of the snowflake generation. FYI, MBA finance from Booth. I would explain the complete nonsense you spouted, but it would be beyond you to comprehend. Actually knowledge and reading financials, you stated as a negative. You prefer to talk from a base of pure ignorance on a topic.
You really don't know what a monopoly means. This is not even remotely a monopoly.
Combined, they're barely 20% larger than seas in terms of market cap and seas is only operating 13 parks give or take an odd waterpark I may be forgetting ... they got a long way to go before the word "monopoly" can actually be thrown out there. I don't doubt the smaller parks will be sold off or closed outright
i think if six flags buys cedar fair it will put sea world out of business inless sea world invests
It's a merger. It's already happened, not if.
And Cedar Fair is the majority owner. Not Six Flags.
And it's not going to do anything to SeaWorld. They have invested HEAVILY over the last few years.
Randy West Feeling Sorry for Cedar Fair 11 Parks Chain in USA 🇺🇲 and Canada 🇨🇦 Cedar Fair Family and All 11 Parks Chain in USA 🇺🇲 and Canada 🇨🇦 Workers are Snoopy and The Peanuts Gang Mascot Characters at Cedar Fair Family in USA and Canada 🇨🇦.
Still slim to none but cross my fingers west coast will get there first ever much needed giga
No, Cedar Fair is The Clear Winner!!!🎠🎡🎢