News Archive - April 2020

Comcast theme park revenue down 32% in first quarter

Posted | Contributed by Jeff

The Japanese park has been closed since late February, and the US parks since March 16.

Six Flags first quarter loss increases by $15 million compared to last year

Posted | Contributed by Jeff

The loss is largely attributed to the pandemic shut down.

Holiday World to host a "digital opening day" on May 2

Posted | Contributed by Jeff

Since the park won't be able to open in the midst of the pandemic, they'll celebrate opening virtually.

Indiana Beach apparently purchased, according to newspaper who quoted a Facebook post

Posted | Contributed by Jeff

The new owner intends to open this year.

Universal Orlando hints at reopening strategy

Posted | Contributed by Jeff

The comments came in the context of a state led group charged with restarting economy.

Six Flags offering $725 million in secured senior notes

Posted | Contributed by Jeff

Funds will repay some debts while shoring up the company's operations.

Orange County Florida mayor spins up economic recovery council with theme park execs

Posted | Contributed by BrettV

Along with other business leaders, the council will advise county government on the best way to reopen the tourist economy.

UPDATED: Cedar Fair to offer $1 billion in senior secured notes

Posted | Contributed by Jeff

Some of the amount will refinance existing debt, while some will contribute to operating expense.

Cedar Fair reduces salaries, cuts expenses, stops distribution in response to pandemic

Posted | Contributed by Jeff

The company takes action to shore up resources as the timeline for reopening parks is unknown.

SeaWorld Entertainment awards $6.8 million in stock bonuses to executives after furloughing 90% of the company

Posted | Contributed by Jeff

A company filing says the awards are for "extraordinary contributions."

Disney enters $5 billion credit agreement

Posted | Contributed by Jeff

The agreement is for one year, and may be extended if creditors agree.

Disney posts video on the science of Rock 'n' Rollercoaster's launch system

Posted | Contributed by Jeff

STEM careers led two imagineers into the realm of theme park attractions.

Bob Iger reasserting control at Disney as much of business is shuttered

Posted | Contributed by Jeff

The executive chairman that ran the company for 15 years and recently retired is back in the daily grind.

Apex Parks Group files for Chapter 11 bankruptcy

Posted | Contributed by Fun

Private-equity-backed business agrees to be acquired by lenders led by Cerberus Capital, subject to better bids.

Construction firm files liens against SeaWorld for unpaid bills at Orlando properties

Posted | Contributed by Jeff

Filing company owes nearly $225,000 in unpaid bills.

Another SeaWorld Entertainment CEO resigns, citing disagreement with board

Posted | Contributed by BrettV

His tenure was about five months, and left with the same issue.

Disney will furlough non-union park workers, will pay for health insurance

Posted | Contributed by Jeff

The company will also stop payments on annual passes while extending expiration of those paid in full.

White County, Indiana offers $3 million in incentives to buy Indiana Beach

Posted | Contributed by Jeff

The park has not found a buyer since it announced its permanent closure.

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