Posted Tuesday, November 10, 2009 9:09 PM | Contributed by Brian Noble
Not quite three months after announcing the alliance, cable television giant Nickelodeon said Monday that it has ended its relationship with Southern Star Amusement, the fledgling Louisiana company it had partnered with in August to redevelop the abandoned Six Flags amusement park in eastern New Orleans. Nick says the company failed to meet deadlines and contractual agreements.
Read more from The Times-Picayune.
What's that, you say Spongebob couldn't hold enough of the water? I mean really, color me surprised! /sarcasm
*What's up with the auto tag creation?Last edited by maXairMike, Tuesday, November 10, 2009 10:03 PM
I'm sure this isn't the last we've heard from "southern star entertainment". I'm sure they will continue to make up ideas and have no plan and fail miserably again... Otherwise that new office they got this year will go to waste...
At least Nick knew enough to try to distance themselves once it became apparent that this was all pie in the sky.
Still not sure why they jumped in bed in the first place...
^They jumped in bed with Southern Star as long as it was a no-lose proposition.
Once it became apparent that it was also no-win, they bailed. ;)
Yeah, that pretty much sums it up. :)
Could've seen this coming from a lightyear away.
I know we talked about it a little in one of the podcasts, but it seems like Nick just doesn't value its license as much as some companies do (I think we compared it to Hard Rock). They definitely made a good decision.
I am shocked, SHOCKED to discover that gambling is going on in here.
Your winnings, sir.
Seriously, we all knew this was coming. As someone else said, how did Nick even get involved with these yahoos. Even if it was a No-Lose situation (in the beginning), basic due diligence would have shown that these fools had no real cash (and probably no access to same).
I'm not so sure that it's Nick not valuing their IP, as much as someone got taken in by the SS fools.Last edited by CreditWh0re, Thursday, November 12, 2009 12:38 AM
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