PGA for sale.
PGA for sale.
I'm surprised nobody has commented on the article in the Business section of the SJ Mercury News that CBS, owner of Paramount, is selling off the theme pare busoness. See http://www.mercurynews.com/mld/mercuryn ... 725167.htm
I had read a bit about this a while back when Paramount purchased Dreamworks(I think), and were forced somehow to have to get rid of the themeparks division.
I never connected the dots, however, that it would mean new owners of the management team for Bonfante Gardens in Gilroy.
I look at it this way: Paramount purchased Kings Entertainment Company, but had no theme park experience per se. So, whoever buys the theme park division now will "buy" the same management team that is on place now. So, theoretically, not much should change in the operational sense. I guess, though, that the paramount movies stuff will go away. It's not the same anyway since the Klingons stopped walking around.
I never connected the dots, however, that it would mean new owners of the management team for Bonfante Gardens in Gilroy.
I look at it this way: Paramount purchased Kings Entertainment Company, but had no theme park experience per se. So, whoever buys the theme park division now will "buy" the same management team that is on place now. So, theoretically, not much should change in the operational sense. I guess, though, that the paramount movies stuff will go away. It's not the same anyway since the Klingons stopped walking around.
Great America Security
Santa Clara
1989-1992
Santa Clara
1989-1992
- Stealthguy05
- Gulf Coaster
- Posts: 46
- Joined: Tue Jan 31, 2006 6:56 pm
- Location: Sunnyvale
- Contact:
- redfishpaw
- Tidal Wave
- Posts: 510
- Joined: Tue Aug 02, 2005 9:58 am
- Location: Milwaukee
- Contact:
I would think that the Paramounts name would disappear if the park are sold separately. I don't think Cedar point would use a Paramount name just as Six Flags wouldn't either.
Last edited by redfishpaw on Fri Feb 03, 2006 8:53 am, edited 2 times in total.
- Stealthguy05
- Gulf Coaster
- Posts: 46
- Joined: Tue Jan 31, 2006 6:56 pm
- Location: Sunnyvale
- Contact:
Hello Everyone,
This is my first post here.. I worked at GA from 1990 to 1994. 3 years in rides and 1 in Tech Services.
I wonder if Six Flags will pick up GA now to complete the set. I don't know of any other "major" players in Theme Park Biz that could pick up all the Paramount parks as a lot. What do you all think?
Shaggy
This is my first post here.. I worked at GA from 1990 to 1994. 3 years in rides and 1 in Tech Services.
I wonder if Six Flags will pick up GA now to complete the set. I don't know of any other "major" players in Theme Park Biz that could pick up all the Paramount parks as a lot. What do you all think?
Shaggy
Hi, Shaggy,
Welcome! Six Flags will not be picking up the Paramount Parks. Six Flags is struggling with $2 billion of debt and are shedding parks (e.g. sale of European division; sale of Aurora, OH park; destruction of Astroworld for the land value; Frontier City and White Water Bay up for sale; expiration of contract for WaterWorld Sacramento; etc.). I've heard plenty of rumors about the pending sale of PPI (Paramount Parks, Inc.), but nothing's yet been announced. Stay tuned and hope for the best!
Steven
Welcome! Six Flags will not be picking up the Paramount Parks. Six Flags is struggling with $2 billion of debt and are shedding parks (e.g. sale of European division; sale of Aurora, OH park; destruction of Astroworld for the land value; Frontier City and White Water Bay up for sale; expiration of contract for WaterWorld Sacramento; etc.). I've heard plenty of rumors about the pending sale of PPI (Paramount Parks, Inc.), but nothing's yet been announced. Stay tuned and hope for the best!
Steven