BREAKING: Cedar Fair & Six Flags Have MERGED! What’s Next?
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- Опубликовано: 1 ноя 2023
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Your name finally happened!!!
Oh shit you're right! Now we know who to thank/blame at least 🤣
LOL
The Cedar Flags is REAL
It’s canon?!?
Watch it end up as
six fair
Old news, Cedar Flags has been a thing for years now.
no but like now its actually one company not two
@@gabbyisyogirl69 I hope the joke didn’t fly over your head
@@quix9556 It kinda did can u explain?
@myrobloxusernameisgabbyvu5044 😳obviously not a subscriber!!!
@@gabbyisyogirl69 the name of the youtube channel is cedar flags!
They are dubbing it a "merger of equals" but given how they are structuring the leadership, its clear that cf will be one at the helm(which is a great thing). Hopefully Six flags returns to its former glory that we all know and love from the eighties and early nineties.
I hope this is true. I hope the merger is happening because SF recognized that it wasn’t working and they need help.
Yes, but Six Flags is more bullish with Intamin/RMC, so hopefully Cedar Fair gets off their high horse and goes back to building elite tier coasters from elite tier manufacturers. B&M has great diversity and capacity and reliability but they don't make S-tier roller coasters. B&M's best (i.e. Fury 325) are A-tier at best, not S-tier; as an enthusiast.
@@jandrew1994Fury is S tier if I’ve ever seen one.
Sixflags CEO will be executive chairman of the board, which is higher than the CEO.
@nellj9495 the board of directors runs the shots overall, they are the ones that work pretty much in the interest of the shareholders and are in charge that the company remains profitable to the sharholder. If they want they can fire the ceo at any time(which has been done). Zimmerman has done a good job at running cf in my opinion and is better suited for ceo and for the day to day operations of the chain. Selim is more of a numbers guy and i think is better suited to be on the board of directors. Im still in shock with the new though. Right now the top priority is getting the combined company into a positive financial standing for those sharholders not getting the flashiet coaster for the general public. Those will come in time, but the logistics of this merger is going to take time and both sides have their work cut out to them.
This is great and kinda scary at the same time, competition forces good change and while theres still some competition there's a lot less than before.
Very true
There is still plenty of competition with Sea World, Busch Gardens, Disney, Universal. Competition is great but when one company is struggling and has an unclear future then merging with another company can be a great way to revitalize it.
@@markn866 Yeah I didn't say there wasn't any but there's certainly not nearly as much
@@markn866 Nowadays it's less "competition of the Amusement Parks" and more "amusement vs theme".
I hope that Cedar Fair parks don't get "Six Flags" added to them. "Six Flags Cedar Point" simply doesn't sound right.
They've already confirmed that this won't happen.
That won't happen. Instead, I could see them labeling parks like this: "Cedar Point, a Six Flags Park"
@KirbyVacuumCollectorFixer I would rather ride an SLC then to see cedar point dawn that
Cedar flags is canon now?!?!?!?!?
Awww CRAP!!! Did NOT want this at all.
I’ve been part of one of these type of mergers in the past, when the two dominant companies in the field come together and let me tell you, it’s a “merger” in name only. One company isn’t buying the other, but one’s company influence will be far more prevalent than the other moving forward.
With how this is being structured, Cedar Fair is likely going to be taking more of a charge in how this goes with the CEO of CF being the President of the whole shebang. They use the more recognizable Six Flags name to operate, but CF’s business model will be the one applied. This whole thing puts a little more light as to why Six Flags has been changing course over the last eighteen months on their model… this has likely been in the works and Six Flags was starting to align more with Cedar Fair’s model.
You are 100% correct. Two things stand out here; it's CF's CEO and they are putting the headquarters in Charlotte. If there are any carryover Six Flag's executives, they will eventually leave the company. Everyone who thinks superhero IPs are going to part of this new company are going to be disappointed. They are going to dump those as soon as they can to cut costs. CF has proven they are not needed.
I sure hope it stays that way, best outcome is the lesser six flags parks get “brought up to par” and hopefully the parks that are already great won’t suffer.
Look again at who is going where. Selim from 6flags is the executive chair which is the highest position with the chief executives from Cedar.
@@rantanamo That is true, but his role is to protect the shareholders investment, and to maximize their profits. In most cases they don't get involved in the decision making. That responsibility goes to the CEO and CFO. If money is not made then yes, Selim can fire Zimmerman. When investors insert themselves in the operations it causes chaos. And in most cases when they do this, they are trying to force the sale of the company.
@@Cap-ku6okI think Cedar Fair will probably be effectively in charge, but I don’t think they’ll drop the DC licensing, they specifically called it out as a strength of Six Flags. At most they’ll avoid bringing it to Cedar Fair parks
My worries is just what you said at the end. Example Dorney is a hop skip and jump away from Great Adventure. As we know, Great Adventure is the dominant park and Dorney is very small. I would be personally devastated if Dorney park closes in the future. Dorney park is one of the oldest amusement parks in the country that is still operating. It would be very sad to see that part of history close. Dorney may not be the best park out there but, it is small and has a charm to it. Great place to go if your not in the mood to deal with the mega crowds of Great Adventure or Hersheypark, but want to just go and ride the coasters over and over again
I understand the personal attachment but I don't think a company should be forced to keep a park that it no longer wants in its portfolio. Would you like to be forced to keep something at an ongoing loss just to appease the feelings of others?
@markn866 I think it'd be a neat idea, for the parks that are really close to each other after the merger, to have some kind of tram or shuttle system between the parks so that way you can go to both parks in the same day without having to drive around.
Where would iron menace go? They literally are just getting that
@@darealsavage3472bingo. Dorney isn't going anywhere 😊
Channel name is canon now!
The *ONLY* way I'd support this merger is if the parks under Six Flags and Cedar Fair that have not received any meaningful attention or investment were sold off. Otherwise, I fear this could create a de-facto monopoly on the amusement park industry that only Disney and Universal would be able to compete with.
There is Busch Gardens and Sea World than the Herschend Family parks plus Hershey Park. This merger could be good, bad or in-between.
Those "lesser" parks could likely be bought by developers that want to tear down the parks. I.E. Michigans Adventure I cannot see any company or person saving if sold. And Cedar Fair loses CGA soon anyways so. They'll still have a ton of huge parks. I fear a monopoly but its too early to call anything imo
I don't see a de-facto monopoly at all, lets not abuse words here. Sea World, Disney, and Universal exist in the same arena. Also I don't see the downside if this merger provides more stability to continue to keep both Cedar Fair and Six Flags parks open and operating.
Cedar Fair and Six Flags as far as major chains are below most of the others in terms of earnings.
Just because they have more parks doesn’t mean they own a monopoly.
@@ItsSiebay Theme parks and amusement parks are different though. It could be considered an amusement park monopoly, or close to it.
My predictions:
RMC and Intamin will not get new work from this for a while
Operations will stay similar at each park since park presidents and managers are probably a big factor in that
Eventually they will close probably 3-5 of the worst performing parks (probably majority former SF parks) and relocate their good rides to the underperforming parks that are staying
Prices will go up across the board over the next 5 years
The only cedar fair park that will close is cga
I’m curious why Cedar Fair slowly started with the Super Loops and Free Spins was that something
I don’t expect anything bad the names won’t change and we won’t have to worry about a modern Geauga Lake I’m sure
Well CGA is done but it was done before this but this will definitely speed up the shutdown. We may see some of the bad rides at SFDK (cough Kong cough) get replaced by some of the better rides at CGA
Geauga Lake was the first thing that came to mind
I’m interested about what will happen with the two least liked parks Michigans Adventure and La Ronde
I'm 30 and wealthy enough myself to buy MI Adventure myself with my wife Miranda (she's from Grand Rapids and it's our home park) and turn it into the best independent park in the country, even better than Hersheypark, and possibly better than Cedar Point. We will work with the top manufacturers to build the most elite coasters possible. We can literally self fund a top tier RMC, Intamin, B&M, build a couple nice restaurants with Michigan-themed food, indoor-outdoor hybrid water park, and some awesome Michigan-themed shows that the GP will love. It's definitely something near and dear to our hearts and something we will consider. We would make Muskegon a destination by the lake, not an afterthought way up US-31.
Even if we lost money in the business venture... spending about 50-60M up front and never really recouping the cost... it'd be totally worth it because we love amusement parks more than we love our money. And most of all, we love Michigan and Michiganders, and feel that, while CP is amazing and parks like KI are great, the anti-Michigan, OSU-loving, Ohio-based CF/SF company(ies) have shafted us for far too long.
Hopefully la Ronde closes and Goliath is relocated to another park
@@darealsavage3472I call dibs on their Batclone.
@@darealsavage3472I think La Ronde could be the park that profits the most from that deal actually, with Cedar fair style operations and 1-2 new coasters it would be a decent park
I think it’s soooo smart geographically they were not rivals at all so it will just make all the parks bigger and better. So it totally makes sense
Your channel name aged like fine wine.
You have the perfect name for this merger. 😂
HAHA! YES! I was waiting for you to cover this!
So, with this merger, maybe Six Flags can now start properly maintaining their parks and not let them be so run down. Looking at you Magic Mountain.
Dude they’re stealing your Thunder. Like YOU did the cedar flags thing first
Jk but it’s funny
Please more help to magic mountain ride operations and maintenance 🙏✨🕯
My question is: will this new company be willing to work with Gerstlauer as Six Flags had their beef whilst Cedar Fair still works with them?
The "Cedar Flags" username has to be GOATed on this day, November 1-2, 2023.
You were right since the beginning
disney and universal are on call
along with seasworlds parks
and busch gardens is in trouble
i think they should change their name to "cedar flags" like ur channel
Six Fair Cedar Flags
I just can’t stop thinking of Cedar Flags now 😂🥴 they should go with that 🤷🏻♂️
They're calling it Six Flags?! That's like RC Cola and Coca Cola merging and keeping the name RC Cola. Big mistake.
The reason for this is that Six Flags is the much more recognizable name out of the two. Cedar Fair has no parks with the name "Cedar Fair", while Six Flags has their name on almost all of their parks. The sad truth is that Six Flags is simply much more recognizable by the general public.
DING DING DING DING!!!
more classic family flat rides and very intense thrill rides
from both companies,
most likely european flats
Your the king 👑 take your place
Maybe some cool ride rotation s???? And maybe a huge season pass program
Your channel's name finally became a reality!
Congrats, your channel name is GOLDEN!!!
This is literally the last thing I was expecting to hear today...
Your name now suddenly makes sense. You PREDICTED THIS! Clearly. XD
I would actually like some of Six Flags ride clones at the smaller Cedar Fair parks. A Batman invert or an S&S Free Spin would be welcome there.
Worried about them as well, the bottom Cedar Fair parks could get cut especially Michigan as mergers do see some cuts
Hopefully not
Cedar Flags predicted "Cedar Flags"...
I think the biggest takeaway here is that the HQ is moving ro Carowinds.
i can see them selling some of the parks or closing some of them and i can see the prices going up to
Your username was a prophecy all along.
You finally did it, you manifested this.
Seriously though, there will only be a handful of drivers of competition once this is finalized. Magic Mountain and Knott's will both need to compete with attractions Disney, Universal, and SeaWorld add, within their respective niches. The Texas parks will need to compete with SWSA and differentiate themselves from the upcoming DreamWorks park.
Dollywood and BGW will drive decent competition in the southeast while SDC forces SFSTL and WoF to add some rides on a budget. Then, with the absolute mess of parks joined in the Northeast, the primary driver of major investment will be Hersheypark.
Beyond that, the other parks can make do with modest improvements. The real question will be the extent to which Great America, Cedar Point, Kings Island, and Canada's Wonderland need to offer versions of the coasters coming to Central Florida.
It's interesting, and in my opinion very good to see 2 businesses work together rather than compete against each other. It's honestly sad to see some businesses go bankrupt if they were previously treating customers and employees well just because one business over-powered them. So that's why I believe competition should be limited to sports and game shows.
While this isn't a literal amusement-park monopoly, I think it is anticompetitive, and were I the FTC I would be looking at it with disapproval. Six Flags and Cedar Fair have a whole tier of downmarket/midmarket big thrill parks largely divided up between them. There are regional markets where all the major parks will be owned by one company because of this merger. And I suspect a bunch of underperforming parks' demise is going to be sped up by this. Whenever there's a big merger like this, one of the consequences is a lot of stuff just getting shut down or cast off.
In my area, the only park owned by either company is Six Flags New England, so I'd expect the merger to have little effect and whatever it does have might be positive. But that's not going to be the case everywhere.
This might mean that Palace finally puts some work into adding to Lake Compounce.
the small parks like six flags st louis may become obsolete and end up like six flags astro world and new orleans, out of business. I have had season pass and memberships with the st. louis park when I was a kid, still go to the park, but it doesn't get the attention, like Great Adventure, Great America, Magic Mountain or even Cedar Point, Kings Island, Kings Dominion, Worlds of Fun or even Silver Dollar City
Silver Dollar City is not owned by either Cedar Fair or Six Flags, it is owned by the Herschend Family.
I could see Six Flags St. Louis and/or Worlds of Fun, Michigan's Adventure, Valleyfair, Frontier City, Great Escape, Dorney Park, Darien Lake and Six Flags America being in some danger. And of course California's Great America is probably already doomed.
might as well sell it to Herschend,, or six flags st louis will become just like astroworld or New Orleans, obsolete
You should’ve patented your name!
When people bringing up the possibility of Six Flags getting big B&M’s, I always scratch my head. I dunno if it’s from living in the north east or having been to SFGAm and MM. I guess for the smaller Six Flags? There is a glut of B&M in NJ. I happen to prefer their collection better than the one in Sandusky. I’m just not a bigger is better type of enthusiast.
Right now there are only questions and no answers. Only time will tell if this is a good thing or not.
C'mon Nick, get it right:
"Selim Bassoul, President and Chief Executive Officer of Six Flags, will serve as Executive Chairman of the combined company’s Board of Directors. Brian Witherow, Chief Financial Officer of Cedar Fair, will serve as Chief Financial Officer of the combined company and Gary Mick, CFO of Six Flags, will serve as Chief Integration Officer of the combined company."
Now what’s next, b&m and Intamin joining each other. I never believe this would ever happen. Mind blown
having this happen and your name being cedar flags is a crazy coincidence haha
I’m only just seeing the headlines. Not “one of the biggest stories” in the amusement park world. This is THE biggest amusement park world story in our lifetime.
Until somebody buys Disney.
As coaster enthusists we need to work as hard as we can to stop this monopoly from happening. The first thing they will do is start closing small parks that are close to eachother. Alot of historic parks and rides are now at risk of closing. Communities will be destroyed from this. The only people who benefit from this are the stock holders. Quality will drop across at all the parks, prices will rise across the line, they will lobby to make it harder for new parks to open and will hurt smaller parks by driving up operational costs. This is very very bad.
This isn't anything close to a monopoly.
@Jtankiller then what would you call one large company that has bought up multiple companies and now owns almost every park in America. Ohio use to have 3 parks owned by 3 different companies, cedar fair bought all 3 and killed one just to cut out the competition. This is exactly what monopoly means. They hold complete control in multiple states across the country.
@@askjeevescosby2928 Nah. They don't have a majority of the profits in the amusement park sector. Disney and Universal are far ahead of them, plus there's Seaworld as well. Cedar Fair and Six Flags need this merger to catch up to the quality that Disney and Universal put out.
@Jtankiller disney has all of its capital in 2 states same with universal. Cedar fair and six flags essentially run un opposed in every other state in the country. And even looking past the monopoly aspect we are going to lose alot of historic parks and coasters because "they aren't worth keeping open" any six flags park near a cedar fair park is no in danger of closing. When cedar fair closes a park thry don't try to sell it, thry gut the park for whatever is useful and leave the rest to rot away just like they did with geauga lake. Fact is big companies like cedar fair and six flags couldn't give 2 shts what closing a park does to your community. America use to be full of independent parks all owned by small buisnesses who had a passion to bring somthing amazing to their community. Then six flags and cedar fair started buying them all up. These parks went from being one company's passion to a conglomerates asset. Cedar fair and six flags have zero ties to their roots, thry couldn't give 2 shts about the historic parks and coaster that made them their fortune, the one and only thing those 2 companies care about is MONEY. Think of all the parks we would Still have if six flags and cedar fair didn't purposly scrap them. I watched my home park geauga lake rot away for a decade, so many great memories with my mom sister aunt before my aunt passed away we would go every summer. Cedar fair didn't even give any warning that they were going to demolish the park. Residents of aura ohio cried in the parking lot the day they auctioned off everything knowing that that special place that had been arround for over a century was getting gutted and sold because cedar fair didn't want competition. They DESTROYED that entire community. These parks mean nothing to these companies they are nothing but capital. A public traded company has zero loyalty to the consumer zero loyalty to the communities the parks are in the ONE loyalty they have is to the stock holders. Scum bag hedge funds and investment groups will make the decision on what communities they will destroy to make a quick buck. It's a disgrace and we have laws in place to stop sht like this from happening. But our political system is so corrupt that these big companies just buy them off. Then they raise the price of operating costs like insurance so if anybody else trys to open a park they won't be able to afford it. Not one single good thing will come from this merger. It'll he sad to see so many parks close and see so many pieces of history get flushed down the toilet. But honestly I doubt anybody even cares, people are so consumed by social media that companies destroying our communities doesn't mean sht to them. As long as they get 7 new star wars shows on Disney plush they will be perfectly happy watching our country fall apart. Losing everything that made this place so great.
Do you think they will change cedar point to six flags cedar point.
You knew it all along
I’m glad my home park isn’t run by either. It’s going to be ugly.
I guess they’re gonna trademark your channel name🤣🤣🤣
The things that be interesting are the smell parks like a sd St. Louis or a Michigan adventure
Competition is good for the consumer. No more coaster wars 😢
You must have insider info considering your channel name 😂
Seaworld is absolutely screwed. The only parks that stand a chance now are the ones in Florida and that is saying something.
Maybe SeaWorld can innovate to become a destination rather than regional chain again.
Maybe throughout the rest of the country but I doubt anything will change for the Seaworld parks here in Florida. Cedar Fair and Six Flags don't exist here, and Seaworld Orlando and Busch Gardens Tampa are great parks that are getting attractions added all the time, and from my last visits a few weeks ago, still have a ton of clientele. I can however see how the Seaworld in both San Diego and San Antonio could suffer though, as they each are much closer to Cedar Fair/Six Flags parks.
I kind of doubt this hurts their competition that much. If anything, it might lead to some of the weaker SF or CF parks getting shut down, which could increase their gate numbers (e.g. if Six Flags America went away it would be one less park in the area for Busch Gardens Williamsburg to compete with, even if Kings Dominion is still going strong). They might have to step it up if the merged company comes out healthy and plussing their parks.
@@fabiangomez845 Not sure how SeaWorld San Antonio is going to suffer, if anything it’ll give them more incentive to be the only Orlando-quality park in Texas.
Intamin Status? Park Closings? Geauga Lake was once my home park 🤷♂️🤦♂️
I really, really hope Intamins stay
Kiss Cedar point goodbye. I’ll probably change it to six flags. They’ll tear that park apart.
Wow you knew all this time CEDARFLAGS4EVA
Yea I was wondering what they'll offer you for your name. Lol 👍
Imagine if Kinda Ka got linear synchronous motors……
This was the plan all along just so that kingda ka gets the top thrill treatment
I would die if they made you change your name 😭😭🤣
This could go either way but man am I happy Hersheypark is privately owned and Knoebels is family owned.
Let’s hope those don’t get touched.
the cedar flags is real
I think this merging shows a lot of promise! However I do hope they keep the Six Flags pass system and benefits (platinum pass gives access to the home park plus two others and diamond gives access to everything). Also I hope investment will be increased in smaller parks like La Ronde and Six Flags Darien Lake and any other smaller park in the chain.
Cedar fares platinum past gives access to all the parks anyways.
now your channel name is perfect
your channel is acurate bro
Your name is so fitting now 😂
i just hope "cedar fair parks?" don't take on 6 flags opperations.
but what does that mean for Bugs Bunny and Snoopy? are they gonna Co-exist with each other at the parks or is one gonna replace the other?
At least for now…nothing. It sounds like they want to keep the IPs separate. But long term worries me.
@gregg5958 hmm maybe they don't need them anymore and want to use their own original Characters
Don't call it Cedar Flags. The name of this company will be called Six Flags.
One pass to rule them all??????
Cedar Fair and Six Flags Merger End Up with Like Geauga Lake EST. 1887-2007 in Aurora, Ohio USA 🇺🇲 42 Parks in the Future of the Chain of Cedar Fair and Six Flags Merger.
This is great. Six flags has not been doing well as a whole. Eventually leading to a buy out anyways.
I wonder if Cedar Point's name is going to change.
No, they might add a tagline in small print that says “a Six Flags park” after the Cedar Point name.
I’m pissed
Your dream come true…CEDAR FLAGS
They can finally give some funding to MDs six flags then they need a RMC BAD
How will this affect worlds of fun?
For rhe big six flags park it will be a good thing, this is rhe only chance at gwtting a gigga, for the smaller parks RIP
I don't care what they're called, just get SFoG ride operations faster, run multiple trains, speed up food lines, and keep the park clean and I'll be happy.
He had insider information years ago because of his name. Haha
You manifested this with your name
Created it 9 years ago🤷🏻
This could be bad for Cedar Fair parks or good for Six Flags parks, hard to say. I wonder if it will draw any antitrust attention?
You predicted the future.
Smart decision. Smaller parks will benefit
Your goal is over, rest now, my friend.
You're gonna have to change your username to Six Flags now.
If they try and take your name you can ask for a portion of the profits!
nah they should have called themselves cedar flags
if their goal is to "save money" there has to be some losers in this deal. Some smaller parks perhaps?
I heard saving $200 million?!
That might come from removing redundancy. For instance now there’s one CEO instead of two. Idk just a thought I don’t know exactly how this works.
I can’t foresee how this merger takes place and there not be some parks sold off.
I don't see them keeping the ERP Properties parks (SFDL, Frontier City, ect)
Your name has finally come true!
I think this was a great move for both companies. We've seen similar success in 2017 when Bass Pro Shops acquired Cabela's, and I see no reason why success can't be achieved with these two either. I bet Six Flags could learn a lot from Cedar Fair such as better operations, improvements in cleanliness and atmosphere, and less ride closures along with having new rides opened by the beginning of the season.
I didn’t even know both stores were under the same company now🤷🏻♂️