Bloomberg reports:
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SeaWorld Makes $3.4 Billion Takeover Bid for Cedar Fair
- Thread starter Disney Analyst
- Start date
Jrb1979
Well-Known Member
As a Cedar Fair platinum pass holder I like it. Gives me more parks to visit and between them they own a lot of the parks I love visiting.
Tom Morrow
Well-Known Member
As a person who values quality theme park experiences, I hope this does NOT happen. SeaWorld has still not been able to grasp the concept of even decent operations and guest service.
Animaniac93-98
Well-Known Member
SeaDar Fair?
Animaniac93-98
Well-Known Member
There's a lot more than 5 theme parks in the Cedar Fair chain.
SW has turned a pre tax profit in 7 of the last 10 years.
lazyboy97o
Well-Known Member
Shamu’s Berry Farm has a nice ring to it.
This is actually a good move for Seaworld. Cedar Fair has the lowest value of the three regional chains. Their market cap at yesterdays close was $2.75 billlion. Seaworld's market cap was $4.5 billion while Six Flags was $3.32 billion. It will be interesting to see what Six Flags does in response to this because the combined Seaworld and Cedar Fair has a combined attendance of over 50 million in 2019 and that would put them within 1 million of Universals 2019 attendance.
donsullivan
Premium Member
This seems like a logical step in a transition of SeaWorld away from their ‘Sea’ legacy and into a regional amusement park player.
networkpro
Well-Known Member
- In the Parks
- Yes
Six Flags over Orlando ?
Thats good info. Glad to Sea World in a position to not only take over another amusement park but have the confidence that they can do it with an eye on doing it as a strategic strength.
Jrb1979
Well-Known Member
I don't know. I have been to Busch Gardens and SeaWorld multiple times and thought they great.
maxairmike
Well-Known Member
I don't like this one bit, if only just from a competition and operational perspective. I can think of maybe a handful of times over the past 10 years that I've had anything approaching a solid operations experience at SWO/BGT/SWSD. While CF operations (especially Cedar Point's) may not be as crisp as they used to be, I would still put them miles ahead of the SEAS parks. I don't see a worthwhile positive to this as a consumer, either. Hopefully the board does their due diligence and then turns the offer down and focuses on continued recovery from COVID.
Satans Hockey
Active Member
My only real complaint about the SW parks is when they changed their tier level of memberships a handful of years ago and then immediately changed them the year after which caused confusion when I was dealing with some staff. Like I have "premier" membership which gets me into all of their parks but they changed it the next year to "platinum" so while I still get access to all of the parks and the perks that go with it some of the staff get confused when they see premier on my passes but when they scan it then it still works.
If this actually somehow goes through I'm curious to see if they keep the season passes separate or make an ultimate platinum premier pass to attend all the parks and what that price point would be.
I've kept our SW parks premier/platinum passes because they are locked in at $20 a month but I've dropped our Cedar Fair park platinum passes for this year cause I simply don't see us getting to any of their parks since Dorney is the closest and Dorney alone isn't worth renewing it, especially with the lack of real benefits in terms of renewing. That has more to do with our travel plans for the year than the state of the parks though.
If this actually somehow goes through I'm curious to see if they keep the season passes separate or make an ultimate platinum premier pass to attend all the parks and what that price point would be.
I've kept our SW parks premier/platinum passes because they are locked in at $20 a month but I've dropped our Cedar Fair park platinum passes for this year cause I simply don't see us getting to any of their parks since Dorney is the closest and Dorney alone isn't worth renewing it, especially with the lack of real benefits in terms of renewing. That has more to do with our travel plans for the year than the state of the parks though.
Tom Morrow
Well-Known Member
I hope you're right.
Don't get me wrong - they're beautiful parks. It's been a while since I've been to Williamsburg and I've never been to the other two SeaWorlds, but SeaWorld Orlando, and even moreso Busch, have horrible operations and guest service. We mock Six Flags a lot on here but I do believe some Six Flags have better operations and guest service than SWO and BGT.
Shartly after SOCONY bought the Vacuum Oil Company, the President of the Vacuum Oil Company. There are many other examples but this one is my favorite.