Posted
Cedar Fair, L.P. today announced that it has signed a definitive agreement for the acquisition of the Paramount Parks. Cedar Fair, L.P. will acquire the stock of Paramount Parks, Inc., a wholly owned subsidiary of CBS Corporation for a cash purchase price of $1.24 billion.
Read the press release from Cedar Fair.
They're all terribly maintained if you ask me. It's like trying to tell the difference between between two different piles of crap. Sure, one might not smell as bad as the other, but they both pretty much stink.
Why are the opinions of certain posters valued over others? And what the hell qualifies someone as a "big league poster" anyway? I've been here five years and made nearly 2,000 posts. Does that mean I win?
-Nate
*** This post was edited by coasterdude318 5/22/2006 3:46:14 PM ***
Shaggy*** This post was edited by Shaggy 5/22/2006 3:49:31 PM ***
Is Cedar Fair reaching a size where corporate management feels it necessary to uniformly brand all the parks with an umbrella brand?
Just wondering.
I suspect you will have King's Dominion, King's Island, Carrowinds, and Canada's Wonderland. Out at Great America is the only place I think you might see the Knott's branding since they have done that with the waterparks and Knott's is a pretty established brand in California.
Knowing how Cedar Fair handles its current season passes, IE CP-GL, we will probably see more of that with the new parks. I hope to still be able to get a system wide pass at Michigans Adventure for $95
I hope smoking areas are added to CF parks. I am a non-smoker who gets very annoyed at smokers blowing their bad breath/smoke in my face on purpose. Yes, this has happened to me more than once at an amusement park, one time in line!
What about ride sharing similar to what SF parks have been doing? Do you think CF will move some rides based on competition or area demographics? How about theming? I know CF is not famous for their theming, but we will see with the 2007 new ride.
Jan Frederick said:
Well, I'm not sure if I'd say Knott's was a theme park in 1920. I think it took on that status when Walter (wow, just like that other theme park guy) built Ghost town in 1940.
Well, if you knew the answer, why did you ask the question?
And for all of you out there correcting me about the years I posted, they are directly from the Cedar Fair press release.
Disney has designated smoking areas and it is better than nothing.
I applaud CF parks for being the last bastion of freedom in the industry for smokers. I truly am curious if there will be any changes with it in either direction.
I think the only question marks that come to mind immediately on this deal were alluded to in the conference call. Those investors who were tickled by the distribution increases might be getting jittery. But, if you are in it for the long haul then you have to feel pretty confident about where this is heading.
The only park where there might even be some question marks is Great America and they still hold their own in Northern California.
This seems a no-brainer...in as much as $1.25 billion can be a no-brainer.
I don't applaud Cedar Fair for that move...or lack thereof.
I think that there are a ton of children at theme parks and restricting their exposure to smoke is the morally correct thing to do. Now, I don't think you should eliminate all smoking but put it off the beaten path is all I'm asking.
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