Posted
As part of its ongoing reorganization efforts, Six Flags announced today its intention to consolidate Six Flags corporate operations, significantly expanding its presence in New York City; to close its office in Oklahoma City; and to sell its Oklahoma City-based parks. These moves mark further efforts in the company's strategy to streamline operations and focus on major market parks which have the most opportunity for growth.
Read the press release from Business Wire via Yahoo.
Good movie IMHO.
Moving the offices to NYC makes sense because it will be easier to do your typical day to day business in a large metropolitian area like that. Also, what's the point in having two corporate offices. The only reason those offices were there in the first place is because of the local ties to the area.
As to the parks, lets all be honest about it. The only park that they will keep is Great Escape because it turns a profit and it's the only un-flagged park that is feasably able to be flagged.
Otherwise I have a "sit back and see" attitude with everything else they are doing or proposing.
EDIT: NVM found them, Frontier City and there water park.
*** This post was edited by Colin Fisher 1/28/2006 8:02:06 AM ***
Well... that about wraps up the subtle meaning that they will be trying to rid of the small market parks which include: Six Flags Darien Lake (Small markets of Buffalo/Rochester), Great Escape (Small market of Albany & Glens Falls), Wyandot Lake (Columbus, OH), and Kentucky Kingdom (Louisville, KY).
The rest of the parks seem to lie in a medium to large market parks (if you include the metropolitan area)...
...so is that a safe assumption that Six Flags will be trying to sell those four other parks within the coming year or two?
On a side note... has anyone taken notice of La Ronde? They build a Batman clone, with a bat logo. Now Goliath is getting built, and what is the color scheme? None other than Superman! Do I sense branding soon?
Moosh... check your private messages, please :)
Also SFDL buffalo market is pretty small but the outer market with Toronto is huge. It's only about 2 hours depending on traffic. Not sure why we don't get more Six Flags marketing up here in Toronto. Considering that PCW is filled to the gills with people and the recent attendance nubers not sure why SFDL marketing isn't all over Toronto.
Cropsey said:
Also SFDL buffalo market is pretty small but the outer market with Toronto is huge. It's only about 2 hours depending on traffic. Not sure why we don't get more Six Flags marketing up here in Toronto. Considering that PCW is filled to the gills with people and the recent attendance nubers not sure why SFDL marketing isn't all over Toronto.
SFDL used to do a lot of advertising in Ontario. I haven't noticed it as much lately, but I'm watching less Toronto and Hamilton-based TV. SFDL would also have Canada-at-par offers to try and attract visitors, especially on Canadian long weends. It should be a hit with local Canadians. But there are possible barriers:
My guess would be that Six Flags has a few smaller parks in medium markets or small market parks that they probably have in mind they would want to sell because of their profit margin, or lack-there-of.
These smaller parks (or smaller market parks) are probably going to be silently auctioned off to potential bidders either private owners (who have the money & expertise, of course) or chains such as Kennywood, Cedar Fair... etc. They would probably have to at least meet the reserve price before Six Flags would agree to the sale (reserve price which is probably not shown)... and if any park did not meet that reserve price, the park would be taken off the auction block & just kept under Six Flags belt.
I highly doubt any other park is going to close like Astroworld, with the exception of New Orleans (for obvious reasons)... so either they're going to sell the smaller/medium market parks & concentrate on the big 5... or stick with 'em until a bidder comes along to take it off their hands.
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