Vivendi in 17 billion debt might sell off assest's

Friday, July 5, 2002 7:54 AM

With Vivendi in the hole for 17 billion, analysts excpect them to sell of some of there assest's. do you think they will sell of there parks or keep them.

http://www.usatoday.com/money/media/2002-07-05-vivendi-fourtou.htm

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Army Rangers lead the way

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Friday, July 5, 2002 7:57 AM

and we thought Six Flags had a hefty debt.

I believe they will sell the parks, they are non essential to Vivendi.

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Off with the trims!
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Friday, July 5, 2002 8:17 AM
What would selling the parks help?The parks are making them money.Trust me on this one folks,they aren't selling any of their parks.
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Friday, July 5, 2002 8:17 AM
Who or What is "Vivendi"?

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Im the #1 Canobie Lake Park Fan!!!These are my top 3 coasters:
1. S:RoS @ SFNE 2. Yankee Cannonball 3. Cyclone

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Friday, July 5, 2002 8:20 AM

Vivendi owns Universal as one of its subsidiaries....

With the new management team on board, let's wait a week or so for them to make any announcements....fro what's been said about the the guy who just left, there was considerable mismanagement....(now if they'd just hire me, everything in O-town would be just fine....;))...

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Welcome to the Cedar Point skyride....we'll take you up 50, drop you down 30, all at an amazing speed of 6 miles per hour....we won't see you back unless you make the return trip!

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Friday, July 5, 2002 9:22 AM

BigKirby beat me to it.

So it does seem that SF aren't the only ones who are up to thier ears in debt,I never thought Universal would ever fall on hard times though seeing as how they are making quite a bit of income on IOA alone.

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Friday, July 5, 2002 10:11 AM

Vivendi may have a large debt, but the company is not excessively leveraged, and its revenue outlook is fine. Its stock has certainly taken a beating the last year, but whose hasn't ...

Anyway, it looks like the Bronfmans are back in charge, which doesn't really foretell anything in terms of the future of their parks. One one hand, Edgar Bronfman Jr. was the head cheese as IOA was developed; on the other his family is said to not be thrilled with the return on that hefty investment.

Only time will tell, I suppose ...

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Age and treachery will always overcome youth and skill.

*** This post was edited by spewey on 7/5/2002. ***

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Friday, July 5, 2002 10:50 AM
How can these places be so far in debt but still build multimillion dollar rides? I just don't get it...

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Yes I'm 15, no I'm not childish, I'm not being sarcastic, well maybe I do have somewhat of an ego...

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Friday, July 5, 2002 11:03 AM
"debt" is a tricky word.....just because you HAVE debt doesn't mean you're IN debt. If I have 20K in debt (we'll call it a mortgage) but have a 100K house, then I'm fine.....;)
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Friday, July 5, 2002 12:31 PM

I saw a pie graph in my local paper that showed that 50% fo the companies revenue was from the theme parks. I think that they will probibly keep them.

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KoRn is the Mellennium Force of ROCK

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Friday, July 5, 2002 3:03 PM

Well if Vivendi sold off the parks, they would have to sell off Universal as a whole. Nobody would pick up the motion picture and entertainment division without getting the theme parks and vice-versa. And the parks are making them money.

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Friday, July 5, 2002 3:18 PM

Ok, they won't sell the parks for many reasons. The first being they do make money. Secondly, selling the parks would be like trying to repair a shark bite with a band-aid, its not going to do anything to a 17 Billion dollar debt, so they might as well not even bother. Finally, the parks help market other Universal products such as the movies.

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Friday, July 5, 2002 4:50 PM

Islands of Adventure should be sold to Cedar Fair ;)

-Mikey

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Friday, July 5, 2002 5:41 PM

OK, the parks may be bringing in money, but keep in mind that's not necessarily the bottom line. It has been said consistently since IOA opened that the Bronfmans - other than Edgar Jr. - are not happy with the R.O.I. Not that that means anything, of course.

As far as that pie chart goes - I would be very surprised to learn that the Universal parks have anywhere near as close to a profit margain as Vivendi's booze sales - largest in the world. Alcohol profits have flatlined over the past decade, but distilleries are still licenses to print money ...

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Age and treachery will always overcome youth and skill.

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Friday, July 5, 2002 5:49 PM

Cedar Fair is far and away my least favorite chain of parks, so I hope to anything they wouldn't buy it. I doubt they would even sell the parks, but for the sake of the woodies overseas, theming, and the good operations when I've been, I don't want CF anywhere near these theme parks. That may be just me, but that's where I stand on that topic.

*** This post was edited by Koaster King on 7/5/2002. ***

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Friday, July 5, 2002 6:02 PM
Out of Curiousity Koaster King What are your favorite chains.

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Im the #1 Canobie Lake Park Fan!!!These are my top 3 coasters:
1. S:RoS @ SFNE 2. Yankee Cannonball 3. Cyclone

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Friday, July 5, 2002 6:25 PM

Busch, Disney, and Silver Dollar City, Inc. are my three favorites. If I get my SDC TR up soon, you'll see why I had such a blast there and Dollywood has always been a dream as well. Not really much of a chain, but incredible "links".

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Friday, July 5, 2002 8:19 PM

I don't understand why you don't just post this in news...

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Jeff - Webmaster/Admin - CoasterBuzz.com, Sillynonsense.com
"We used to hate people, now we just make fun of them. It's more effective that way." - KMFDM, "Dogma"

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Closed topic.

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