Six Flags Merge Everything You Need To Know
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- Опубликовано: 1 ноя 2023
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I hope this merger provides the best of both worlds: Six Flags Flash Pass, Cedar Fair quality editions, Six flags coverage & expansion, Cedar Fair reliability - basically all the advantages and (hopefully) none of the disadvantages
Oh man. This is nuts man. I never thought these guys would merge
they’ve been trying to do this for 20 years 😂 just never struck a deal before
Lol yea neither did I but apparently, this has been an idea for A WHILE. Either way, this is a bit nerve wracking for everyone but I’m still intrigued to see potential investments specifically at CW.
This pretty much guarantees that park prices will go up.
Absolutely, now their only competition is going to be Disney/Universal. Kiss affordable park trips goodbye u less you live close to Holliday World or a Hersschend Park.
Perhaps I am too optimistic, but I think it may actually go down. If your only competition was Disney/Universal/Herschend park and you had so many parks would you not want to lower your prices just to see the other park owners scramble? I would.
Monopoly never good
This makes perfect sense. Cedar Fair is better at operations, and Six Flags is better at customer engagement. Together it looks as though they're creating a Universal/Disney type of company. Let us pray that this new company continues to push the limits on roller coasters!
SF better at customer engagement? LOL X 1000000
@@user-lw4hz5hx5h As soon as you build your theme park, let us all know and we'll be sure to visit! I know Universal and Disney are separate corporations
That's hilarious
Look up six flags Darien lake…. Definitely not the case and why I cross the boarder to go to CW in Ontario
@@NotAJosh you're going to base all of six flags on 1 Park?
A season pass to all parks would b so nice
Cedar Fair finally gets their Texas parks.
@maddox121they aren't amusement parks
I'm very wary of this merger, the last time Six Flags overstepped what they can handle I lost my home park and it took nearly a decade for Kentucky Kingdom to recover from the damage Six Flags did to it.
I'm worried about the lack of competition and what it will mean for prices.
I know right. It’s my home park to and look how long it took get it back to where it is now
I lost my home park and never got anything in return.
@@HYDRAdude right. Kentucky kingdom my home park to and it took along time to come back
It wasn't Six Flags, it was Premier Parks and Burkes' mass park acquisitions. Premier no longer owns the Six Flags brand.
To be clear, US laws involving monopolies and mergers don't kick in till after the merger is announced.
The FTC (federal trade commission) then decides if it merger has monopoly potential, and sues if they do.
So this deal hasn't gone through yet. And the FTC has a decent shot at challenging this merger as it is so publicly large it draws attention. This merger's announcement made national headlines. Hell, my mom even knew about it.
We live in the Charlotte area and Carowinds is our home park. We are taking a wait-n-see approach for now. We love how Cedar Fair operates its parks, specifically here at Carowinds. Six Flags is known for not taking care of their parks and I would hate to see our CF’s parks start getting run down. With CF’s owning 51.2% of shares, it makes me not worry as much. I’m praying that any changes that take place will be for the positive.
I'm interested to see how this goes
One thing I'm a bit nervous about is the DC stuff... I realllyyy hope they don't start saturating every Cedar Fair park with DC themed rides/coasters. Superhero theme is already way over done & it's kinda tacky tbh.
Step 1: Send Selim back to his home planet
Something I been thinking about is that both dc and looney tunes are owned by Warner bros. Warner bros also owns Hanna Barbera. Wondering if it’s possible if we could see a return of Hanna Barbera characters to Canada’s Wonderland as a result of this merger.
This merger is terrible news. Less competition is never good for any industry, and prices will be jacked up tenfold.
FYI for why the SEC will not really bat an eye at this - new company will be a $3.4B company. Sea World today is $2.85B. Universal and Disney dominate.
Food & beverage investments? No one goes to an amusement park for food & beverage. No one. It's all about the rides and thrills. This sounds like a terrible deal for customer.
As long as Selim Bassoul isn't allowed to be in charge I'm ok with this.
Ticket prices are going to go up and as we speak they are getting their plan together how to make it look like you’re getting more services as they raise the ticket prices.
I better not see six flags do a SINGLE THING to cedar point
Imagine gatekeeper being called super an ultimate flight
That’s what my bf and I were saying!
@@KingstonWedemireI don't think they will change names....some non super hero rides still exist at Six Flags like Rattler, Titan, Nitro, Goliath
I don’t like this idea at all and I have SO many questions…
1. It seems too much of a monopoly for other parks outside these two chains. How can smaller parks compete against such a behemoth?
2. Crossover maybe not now, but what about down the road? I don’t want to see superheroes at Knott’s. Conversely I would not want another Camp Snoopy at Magic Mountain either.
3. Will Cedar Fair parks start using Intamin and RMC now? Or will Six Flags STOP using Intamin and RMC?
4. Will Six Flags Great Adventure lose their parachute tower in the way Knott’s did? And what will happen to Kingda Ka? Top Thrill Dragster treatment? And will other parks in Cedar Fair chain now get a new Vekoma coaster like Great Adventure is getting?
5. Will Six Flags operations be improved? Will abandoned things like Magic Mountain’s observation tower get opened or removed?
6. Will prices go up?
7. Will Halloween events get better at Six Flags, or worse at Cedar Fair, especially Knott’s?
8. Will this supposed money saving results transfer into MORE rides being built because they have more money? OR will LESS rides be built because they have less competition and are spread too thin?
9. Having gone through a merger, I found it to be a disaster as the cultures were different, there were turf battles, people were laid off so there was loss of institutional knowledge…in fact I was a victim of that myself, and the combined company didn’t even last long and was eventually sold off to another company. I would not want to see this kind of collapse happen and then NEITHER Six Flags or Cedar Fair owns these parks. I also worry about the disruption and chaos such a big merger will bring. Will it defocus everyone for awhile thus hurting the parks for a bit?
It’s not a sale, it’s a merger into a whole new company (HoldCo).
I feel that despite cedar fair being slightly better performing in recent times, I think Six flags still has a MUCH stronger brand over cedar fair(since CF uses local park names rather than a brand)
so i bet they keep the names as they are for the medium and bigger parks
I’m hoping it goes this way: Cedar Fair management and Six Flags with the manufacturer decisions. That way we can get good food AND Intamins! If America turns into Zamperla/B&M/GCI world with no RMCs (outside Hershey, SW Funspot, etc.) or Intamins (outside SW, Universal, and maybe some Independent parks) then that will be very sad.
This is actually insane! I’d never thought I would see this happen.
Honestly, seeing how egger SeaWorld was to buy up ceder fair, I could see them stepping up, buying up some of the parks the new cedar flags sells off, becoming a competitor to this new corporation, heck, maybe they will rival Disney/universal, and seaworld and Herschend will duke it out
What does this exactly mean? Is everything good for Canada’s Wonderland? Because Canada’s Wonderland is my happy place and I grew up with it, I go every year. So I hope nothing gets ruined at Canada’s Wonderland
We'll be fine. No way anyone can bungle the busiest seasonal park in North America as much as Paramount
Better ride operations and maintenance at Magic Mountain 🕯✨🙏
I am guessing that Magic Mountain will be expanding and that they will eventually put a hotel there. And the food selection will be better. I think they will have to double the size of the park.
I think you are right Magic Mountain has the land around it to do it I don’t see why now it would happen
The lack of competition is not that big of a deal for a product like amusement parks because their competition isn't other amusement parks - it's EVERY SINGLE FORM OF ENTERTAINMENT. If the company was to say "hey we killed our competition now we can half ass it", eventually only enthusiasts would show up and they'd go out of business. They will DEFINITELY keep building great roller coasters and improving the parks. NOTHING TO WORRY ABOUT.
Man of Steel Vengeance
I could see the Possible return of the Hanna-Barbera characters in Kings Island
Hopefully this will benefit both theme park chains, so that the Six Flags parks can stop being the "Kmart" of theme park chains and so Six Flags can be on the same level of quality as the Cedar Fair parks...
Me: drinking coffee
*Checks the internet*
Jaw drops
Drops coffee
PRAY FOR KNOTTS !
I bet now memberships and passes will be more expensive but you get access all the cedar fair with sixflags parks.
This will be amazing for the lower tier parks that need some tlc😊
The sky is falling set seem to forget that Disney, Universal, SeaWorld, and Hirschend have been running up prices unabated for forever. The potential for future expansion so far outweighs temporary headaches imo. Capital investment in smaller parks, possibilities of Intamin and RMC working at Cedar Fair parks etc...
I really wish this never happened I was really excited to see the future of Six Flags but after seeing this it seems pretty bleak for them they had big plans for the future like working with intamin and redoing their parks to make them better but with Zimmerman in charge I really don’t see any further projects with intamin or anything if Selims vision coming to fruition
They been talking about this for awhile now I’m kinda surprised it didn’t happen sooner
There will still be plenty of competition and if you charge to higher prices you will still lose customers. There are over 400 amusement parks in the United States to choose from
G'day! This would be a disaster for everyone who cares about the industry and roller coasters in the US. The reason is simple. The larger the corporation, the shittier it’s product and customer service. They become “too big to fail” and then slowly fail. Competition is healthy for both of these giants and we honestly need them to be split, not combined. No single owner should control that much of a single industry.
Cheers!
P.S. Note: Cedar is the one in control, but I do wonder, if it'll be like merging a pitcher of sewage with a barrel of wine. Lol!! 🤣
There goes getting big coasters for both parks because there is no need to compete.
What does this mean for parks like Canada’s Wonderland?
They said on the call they’re closing wonderland and giving there rides to six flags parks. I’m sorry man it’s over. It’s six flags chain now
@@Starlit43that sounds like bullshit, why would they give their only international park to six flags
@@10kurz1 they said La Ronde clears on the call
@@10kurz1bro was clearly joking
I'm assuming 2024 season passes won't give access to both chains? Probably not until 2025 once the merge is complete and the pricing changes?
I messaged grace peacock on twitter about this question, but I have gained no response.
Once the merger completes, will rides retain their original names? I would rather not have leviathan renamed to Goliath or superman ride of steel.
Its combined decisions and cedar fair has the upper hand as the main holder. Chances are six flags rides would have name changes cause of that upper hand if they even wanted to change ride names. And plus the ceo is still richard zimmerman who is the owner of cedar fair. They also stated in the video not every six flags park will get peanuts and not every cedar fair park would get superheros and looney toons. Plus if they dont listen to what the people want they will just lose visitors and share holders so they still have to be smart with their moves.
@@KwispyKwemeDoge good
So canadas wonderland is still Canadas wonderland then
I also just realized that the great americas have been finally reunited after all these years
@@KwispyKwemeDogeI think it's likely we see DC and Looney Toons replace the Peanuts. DC is a big brand and asset
@@AdamSmith-gs2dv they just added a new peanuts themed ride though
I highly doubt they would scrap it all
Note thay "broader access to IP" is only going to last until the existing deals with thebroghts holders expire. At some point in time, someone's gonna have to make a decision as tonif the want to renew both Peanuts and Looney Tunes characters. They have to jeep bith now because they signed agreements. Do you really think that after signing a deal to merge the companies to save money that they won't postion rights holders against themselves to drive that cost down and choose one IP holeer to rule all parks? As an investor, that is exactly what I would want.
What makes you think that there won't be a Six Flags logo at the front gate of Canada's Wonderland? In my opinion, the Six Flags logo is much more brand recognizable than Cedar Fair, which of course was never put on the front gate of Canada's Wonderland. My wish is to bring the amazing atmosphere of Six Flags Darien Lake to Six Flags Canada's Wonderland. It says right on one of your slides (at 5:56 of your video) that this company will be named Six Flags.
Being able to use my Six Flags membership passes @ Cedar Point or Canadas Wonderland is awesome.
Road tripping all summer. 🎉
1k for it.
@@tylerkriesel8590 Not at all. It’s a monthly subscription type of service.
So when will I be able to use my season pass to go to every park
what happens with the legacy memberships
Please do video about La Ronde.
I think this was a good move for both companies. We've seen similar success in 2017 when Bass Pro Shops acquired Cabela's, and I think we can see the same thing happen with these two also. I bet Six Flags could learn a lot from Cedar Fair, such as better operations, improvements in cleanliness and atmosphere, and less ride closures. I am worried they could loose a few parks in the process, but I don't think they'd do that unless it was a "get out of trouble" situation and they were out of options.
Im not happy about this. i dont trust this. I cant imagine Cedar point and kings island being called Six Flags. Im from Ohio and Six Flags destroyed Geauga Lake. We hate Six Flags here in Ohio.
Someone on Twitter said wonderland should be called SIXland 😅 😬
Six flags touting the peanuts and looney tunes brand like they mean anything. I have two kids under the age of 8 and neither of them know anything about them.
INTAMIN AND RMC IS BACK!!!
I am nervous about the future of the parks
Do you think the Six Flags branding will be added a small way? Example: Canada’s Wonderland with “a Six Flags company” in small text and logo underneath.
9:20 Goodbye Michigan's Adventure?!? Wouldn't that be nice.
Disney should take them out of business
maybe they can add theming to their parks now
So Basically Like Jollibees Owns Coffee Bean and not called Jollibees Coffee they left the Coffee Bean name alone
As a diehard, staunch KI patron, I am scared to death. The Cedar Fair way is not cohesive with the giant commercially saturated Six Flags way. I couldn't imagine going to KI, Cedar Point or Kings Dominion and seeing crappy DC theming. It breaks my heart to think about it. Good Grief.
If I start seeing parking lot coasters at CF parks then it’s over. SF does a poor job theming and with upkeep and it will break my heart to see former CF parks go the same route. However, this does give me hope that Michigan’s Adventure will finally get the attention it deserves.
RIP Cedar Point
I first saw this on TikTok and thought it was a joke.
My concern is cost. I have season passes to both chains for around $400 total. How much is that going to go up. Maybe we’ll see rmc and Intamin return to the CF parks though
Honestly with how many parks there are could they do a regional pass? Like a pass the DC/Philly area with the four parks there? Other options could be Midwest, TX/OK, CA, and southern parks.
Because I don’t necessarily need access to every park cause while I get out a lot my family just wants to run marathons but access to all the parks within 2-3 h of me would be nice.
As long the Justice League dark rides remain as well as King Da Ka and Boo Blasters I'm happy. Still kinda nervous about this though
Yeah. I'm worried that Kingda Ka might get the Top Thrill 2 treatment.
i thought it was in six flags contract with warner bros that a change in owners would cite six flags losing rights to warner bros properties (DC & Looney Toons)?
Will the holiday event be called Winterfest or Holiday in the Park?
Why is this happening?. I thought Cedar Fair was doing well. Im worried, i hope nothing happens to Canada's Wonderland or the otber parks. ❤❤❤❤❤❤❤
They were doing well enough to acquire their biggest rival.
Nothing will happen to Canadas Wonderland, it doesn't really compete with Darien Lake because of the border
CW is one of the most profitable parks in the world and has no real competition. It's not going anywhere.
I wonder how their Halloween events are gonna play out?
Maybe Florida will get a Six Flags and Cedar Fair Park or parks now?
Everyone knows six flags rides. Don’t run all the time due to maintenance problems as Cedar Fair they make sure it Caswell and rice run all the time because they make sure they’re fixed and running properly. Let’s hope this is not a problem. Will it become a huge merger I don’t want to get rid of canada’s Wonderland I go there every year with my daughter I’m from Windsor Ontario. It’s a long drive for me, but it’s worth it. but in the end, I hope that becomes a better park to go to, and they make a lot of new rides and new tractions.
Isn’t the brand recognition the reason for keeping the Six Flags name in the first place? I don’t understand the confidence that Richard Zimmerman would be opposed to having a Six Flags Cedar Point. That uniformity could be enough to clarify which parks would be included for prospective season pass buyers. I don’t want that to happen, but it seems like enough justification for the company to make that decision over preserving the purity of Cedar Fair park names.
Look the site reservation and the shop was already the same
I’m curious on how this’ll affect the California parks
We got Knotts Berry farm & six flags: magic mountain
So does magic mountain lose its six flags branding and/or does Knotts become Six Flags: Knotts Berry?
Ugh. Until Knotts gets its $ht together I also have no interest in purchasing passes to both parks. Just give me my magic mountain pass at the same price and I won't complain
Cedar Fair parks are not changing their names at any parks. Knotts is iconic in the Southern CA and SF Magic Mtn largely have different core consumers so noting will change. MM is a teenager thrill park, Knotts is family park with great theming, best in CF chain, shows, live actors, Ghost town and some good thrill rides, but that's not their emphasis like MM. Knotts pricing structure is much higher than MM and thus that integration could be tricky. Also, Knotts doesn't include their very popular and heralded Knotts Scary farm in pass purchases, while MM includes their Frightfest with passes
Sell mm for housing development. That’s what will probably happen
@tylerkriesel8590 Not a chance. SFMM in the combined chain will still be #4 or 5 producer. They target a different core audience than Knotts.
@@MCQ-fq6bv it was almost sold for housing before. They sold off CGA. I’m sure a land developer with a blank check, and a need to pay off debt will be a determining factor.
I do wonder if they might consider actually building new parks with this amount of revenue. I still feel like there are cities that could be capitalized on.
I live in Houston and to me it's a shame that Astroworld shut down. The Texas parks are so far away from me and Houston is a massive population center. I'm certain there are tons of other cities in the same boat too.
@@ahyes589 Houston is literally the first city I thought of! Still crazy that no one has built anything there yet. I know there have been other projects announced that keep kind of falling through, but maybe this merger will be the move that finally gets that ball rolling.
Also, Denver is potentially looking to lose Elitch Gardens pretty soon. I don’t know if they have the finances to actually relocate like I’ve heard they planned to do. Also, maybe Indianapolis? Sacramento, CA? Nashville, TN? Chicago could probably support another amusement park, too. So many possibilities, but no one has so far been willing to take the leap and build a new ground-up amusement park in recent years other than Universal and Disney.
Cedar Fair CEO (can’t remember which one) basically said from their research you’ll never see another successful regional amusement park open in the US again. It’s just too hard. Most cities won’t approve permits. Those that will don’t have a strong enough market to sustain it.
@@SS-xs1tgOpening a new theme park is actually a major issue in the Houston mayoral race and every candidate has shown they are willing to bend over backwards for it.
How do you feel about this for the top 5 Cedar Fair parks because I don’t want Canadas wonderland or Carowinds my home park to be filled with ads and other bs. I just don’t want our Cedar Fair parks looking like trash
Fax bro
Very worried for Cedar Fair. 6 Flags is so horribly run and the parks are so trashy. Cedar Fair are very well run. Highly invested. 6 Flags seems to have gotten a bail out.
Despite the company being called six flags Cedar Fair will own more of it and The President of CF will be the president of six flags
Seems to me that Six Flags (now the discount chain) is trying to benefit from CF’s reputation for high quality, to improve their own image. Not loving this, I hope they don’t bring down the CF parks.
Throughout the video you are saying sale, but this is a merger, correct? Neither company is buying the other, right?
So who’s in charge?
Is it cedar fair in charge of six flags or vise versa?
Or are they both just one single company
Basically they're sharing control of the new company, but Cedar Fair has a little more control over things.
It's basically 50/50 with Cedar Fair getting the CEO and Six Flags getting Chairman
I’m not too worried about a monopoly because most of the parks are not competing with other parks they are competing with other forms of entertainment so they will still need to stay competitive.
Anybody have a guess on what this means for my six flags national pass and nationwide fast pass
9:08 Theme Park Predictions is predicting that Six Flags America, Six Flags St. Louis, Michigan's Adventure, and the operating rights for Darien Lake, Frontier City, and La Ronde will all be sold off.
So what on earth does this mean
I’m very confused about the outcome
my fear is my home park six flags st louis will end up to be another Astro World, OUT OF BUSINESS.
This is going to be a scary merge cedar fares and six flags . We all no Six Flags have a sub-par😅😅😢 maintenance record with amusement rides accidents . This is so disappointing going to change all the themeing at Canada's Wonderland . If it is broken, don't fix it . Does this mean we are getting top of the line expansion and more rides an attractions.......???? Canada's wonderland is going to have buy some more land for these new attractions.😢
I bet you they close Cedar point because they wanna keep the bigger parts and since their headquarters is going to be in Charlotte North Carolina they’re gonna make Carowinds there next Cedar point
I highly doubt it's going change anything because they both focus on rides and nothing more
This is awesome, I would expect some big rollercoaster builds for KNOTTS. Hopefully expanding the park
Where? They have no room, the neighbors won't tolerate it.
This is not good news for Knott's, the big coasters will go to magic mountain, Knott's will become the family park, if southern Cali gets a gigga now it will be at magic mountain
They can't get the zoning approval. Knott's neighbors will fight it every step of the way. @@juiceman8108
Why would they do that? There is no reason to. A 150ft dive or something is all that you can expect
@@juiceman8108there is no reason to add big coasters to any. There is no more competition
Kingda 2?!
I AM SO MAD. I DONT SEE HOW PEOPLE DONT SEE THE NEGATIVE SIDES IN THIS
GOD…
SF Q3 was not strong. They are essentially the same as FY2022 which was a disaster(they slid back to 2018 levels). They are actually worse in net income in the Q3 and YTD by 30M. They were only up in attendance off of the disaster of 2022 where they lost 7.4M in attendance overt the full year. All Sf numbers were vs an easy comp ofthe disaster of FY2022 and they still were down on many metrics.
---CF quarter was actually strong, revenue was 842M, down just 1M from the record FY2023 and net income was down 118M, but that 2022 number was jacked by the 155M addition for the CGA land sale, if you exclude the 155M addition (non repeatable event) Q3 net income was actually up 37M. CF essentially produced equal revenue despite all the talk of the economy slowing in 2023 in a tough comp vs the 2022 revenge spend year, post covid.
They should put a bid in to buy Sea World Entertainment 😂😂😂😂😂😂
PLEASE I HOPE THAT FAST PASS COMES TO SIX FLAGS PARKS PLEASE PLEASE OLEASEEEEEEE
This is just weird I think someone broke the simulation
I thought you were saying that they were moving the company board's headquarters to Salem, North Carolina because that's a city fairly close to Carowinds. hahahaha The guy's name is pronounced Sa-leem
Please leave Cedar Point and Kings Island alone don’t mess with it