Even if one could consider CF to have a monopoly, it is definately not a hostile monopoly.
Edit to fix grammar: *** Edited 6/15/2005 4:23:59 AM UTC by James K***
Guess who's back? Back Again? James K's back. Tell a friend.
The aquisition of MIA and GL were friendly aquisitions, not hostile takeovers. Wasn't it reported that Kinsel and Gary story were half joking about it at IAAPA and then thought "Why not" and went ahead with the sale?
It would have been Kieran Burke.
And $140 million dollar deals are usually not in a "half joking" conversation. *** Edited 6/15/2005 3:51:33 AM UTC by Red Garter Rob***
Red Garter Rob said:
And $140 million dollar deals are usually not in a "half joking" conversation.
My point exactly. I'm just relaying what I read in Amusement Today or whatever around the time of the sale. They chatted about it at IAAPA somewhat casually and then took it to their respective boards, etc. I remember thinking it was interesting. *** Edited 6/15/2005 4:02:27 AM UTC by Peabody***
Cedar "Counter" Point said:
I live in Detroit area. The only park within a 4 hour drive from my home that isn't a CF park is Canada's Wonderland. that's a three to one ratio. I think that would qualify as a monopoly.
No...you don't understand what a monopoly is. Re-read my earlier post.
My favorite MJ tune: "Billie Jean" which I have been listening to alot now. RIP MJ.
Next up she is gonna buy Redneckopoly and have a barbeque with the KKK (it's in the game folks)
Katie, who thought ghettopoly was the funniest damn thing ever. Check the picture cards. To die for.
Nice one Teckno!
However, now that the townships/counties have stopped their pissing match (I think, maybe they've started again) maybe we can get a steel coaster on par with ST. The biggest thing our park is missing is a decent steel coaster.
Ah, but Tina's cooler - she has Ghettopoly :)
Isn't that what Six Flags has with SFA? :)
exclusive control of a particular market that is marked by the power to control prices and exclude competition and that esp. is developed willfully rather than as the result of superior products or skill —see also ANTITRUST Sherman Antitrust Act in the IMPORTANT LAWS section
Cedar Point does NOT have a monopoly as that would imply the strive to eliminate all other competition.
However, there is this:
A business that is the sole supplier of a particular good or service. Regulated monopolies, such as electric utilities, are generally restricted as to the returns they are permitted to earn. Other monopolies such as firms with unique products or services derived from patents, copyrights, or geographic location may be able to earn very high returns.
So by default Cedar Point DOES have a monopoly, but not by any fault of their own, just that there is noone else willing to build another park in Michigan/Northern Ohio.
I guess it's all in how you look at it. I agree that no, they do not have a monopoly in the traditional sense of forced monopoly through either legislation or shady buisness tactics.
Cedar "Counter" Point said:
I live in Detroit area. The only park within a 4 hour drive from my home that isn't a CF park is Canada's Wonderland. that's a three to one ratio.
Really? You can't get to Fun Spot or IB in 4 hours? If you would up your drive time by just a few hours you could add several non CF parks.
None of the chains in the amusement park business are monopolies! The closest thing to it would be SFI, and even they aren't anywhere close to having anything near a monopoly. Especially considering their financial situation.
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