PKI's 2003 end of season Profits....

Tuesday, September 21, 2004 12:26 PM
Im just wondering... Does anyone know an estimate or exact figure of what PKI's 2003 end of season profits where?

*** This is a dumb question, but one I must ask :-) .

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Tuesday, September 21, 2004 1:22 PM
Profit or revenue? Not that it matters, because Viacom doesn't release park-by-park numbers.
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Tuesday, September 21, 2004 1:32 PM
Well, What ever it is that the park has to spend and the end of the year... after all expenses to operate the park are paid for... pretty much what they can put in there pocket and call "Theres". This also includes money to build to attractions and update the parks.

P.S) Ok, if they cant release official numbers... give me a ruff guess. I can live with that! 50 million, 100 million, 500 million.

Really im just wondering ruffly how much park of this size make a year.

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Tuesday, September 21, 2004 1:44 PM
I don't think they release this kind of information, and I don't think anyone on here would know it.

If its really important to you, I'd suggest e-mailing the park, though even then I don't know if they'd be willing to share that information.

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Tuesday, September 21, 2004 1:47 PM
They made $7,874,027.54 from $57,438,763.72 in revenue.
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Tuesday, September 21, 2004 1:57 PM
kool *** Edited 9/21/2004 5:58:22 PM UTC by Landon***
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Tuesday, September 21, 2004 2:04 PM
7 Million Bucks? :-0.... I figured it was WAY more than that.

I guess they dont make as much as I thought...

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Tuesday, September 21, 2004 2:26 PM
You've not been around here long, have you?
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Tuesday, September 21, 2004 2:31 PM
Not only does Viacom not report the individual parks' financial information, they don't report the Parks division as an independent entity. In 2003, Paramount Parks were under the "Entertainment" group which also included theatrical motion pictures (Paramount Studios)and publishing. (In prior years, Paramount Parks was part of the "Retail & Recreation" group that also included Blockbuster and Madison Square Garden...)

The entire division (parks, movie studios, and publishing) earned $271.4 million on revenues of $4.1 billion. (The "Entertainment" divisions contributed roughly 15% of Viacom's overall revenues of $26.58 billion in 2003.)

Assuming that each of the three components in Entertainment contributed 1/3 of the profits (which is pretty unlikely...), Paramount Parks as a whole would have earned $90.5 million, or $18.1 million per each of the five parks. But, like I said, it's pretty unlikely the contributions would have been this equitable, to calculate PKI's profit this easily.

Viacom has changed the reporting relationships (as part of the bigger corporate reorganization earlier this year), so that Paramount Parks will be part of MTV Networks. But, it's unlikely that it will be any easier to discern the park's profits.

Reading back over this I realize that I watch WAY too much CNBC!!

Joel

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Tuesday, September 21, 2004 2:35 PM
I hate large coporation.....


P.S) No, Iv been around this forum for 3.5 hours now. I just became a member :-) *** Edited 9/21/2004 6:36:41 PM UTC by Landon***

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Tuesday, September 21, 2004 4:12 PM
JZarley spent four paragraphs telling you he had no clue. I can give you a solid answer right now. So who are you gonna believe?

But actually, that number should have been $17,874,027.54. My net profit figures subtracted the investment on the Italian Job in advance. My bad.

-CO

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Tuesday, September 21, 2004 4:49 PM
In other words, Captain Obvious doesn't know either.
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Tuesday, September 21, 2004 5:22 PM
And here I was just wondering if Landon was going to divulge his 2003 end-of-season profits.....

Hey, if he has a right to know how well PKI did, then PKI has a right to know how well he did, right?

--Dave Althoff, Jr.

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Tuesday, September 21, 2004 6:12 PM
My guess is not very well.

Joe "see, I'm fun!" C. :)

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Tuesday, September 21, 2004 7:42 PM

Jeff said:
In other words, Captain Obvious doesn't know either.

Seeing that their season isn't quite over anyway...do they? ;)

-CO

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Tuesday, September 21, 2004 7:55 PM
^He said 2003 profits, silly billy.

JC

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Tuesday, September 21, 2004 7:58 PM
Oh! That's easy. They made $16,743,692.76.
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Tuesday, September 21, 2004 8:32 PM
^That's exactly the right number. How'd you get those?

+Danny ;)

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Tuesday, September 21, 2004 9:03 PM
Does that include the loose change that falls out of my pockets all the time?
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Tuesday, September 21, 2004 10:34 PM
Yes I believe that it does -- after all isn't that ROI? ;)
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Closed topic.

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