For our additional thoughts about how this may affect the industry, head to patreon.com/coasterstudios to watch an extra 11-minutes of discussion about this! This plus 50+ other bonus videos for just $5 that goes straight to creating more videos! 😃
@coasternut3091
11 ай бұрын
I'm always against giant companies merging. Competition always benefits the consumer. If they aren't in competition anymore, things may not get better. The coaster wars will probably end here
@inlinechris
11 ай бұрын
Do you think Six flags and cedar fair are the only theme parks in the US?
@coasternut3091
11 ай бұрын
@@inlinechris they're by far the main ones. With them joining up they could buy others. That's how monopolies happen
@CancelHappiness
11 ай бұрын
@@coasternut3091definitely. I'm not a fan of this development at all.
@justinjoestar1902
11 ай бұрын
@@coasternut3091sea world gotta save us fr fr
@BrandonBrady97484
11 ай бұрын
Hope FTC blocks this...
@jacobsekela8691
11 ай бұрын
In all my years of covering this industry, I would've NEVER thought of this happening - but now it's here, and it's real. Very, very concerned by this merger. However, I can't help but think that this massive move was made in order to counter some insane further expansion by Universal and Disney - almost to keep Cedar Fair's and Six Flags' hold on their market share for fear of it being eventually overtaken by them.
@JettSpitzer
11 ай бұрын
I don't think this was mainly aimed at Disney and Universal but at the entertainment industry as a whole. The whole theme park industry has been losing since the pandemic. The only major theme park company that has been gaining in post-pandemic is Universal, even Disney is losing customers and Six Flags and Cedar Fair have been deep in debt and that debt is growing. Six Flags and Cedar Fair have been in a downward trajectory and has to do something to stay afloat
@istrumguitars
11 ай бұрын
It should be disturbing to everyone who cares about their roller coasters. Less competition means we will get fewer world class roller coasters. Why invest in new rides if you own it all?
@flutegirl23
11 ай бұрын
As a Cedar Fair and Busch Gardens ride operator who has also been to several Six Flags parks, this is terrifying in regards to safety training. Cedar Fair's training and safety standards are SO much higher than six flags and even the Seaworld parks. IROC has absolutely been a vital part of safely operating rides, and company-specific trainings like the ones at Six Flags and Seaworld don't go nearly as in depth as the IROC standards do. I've heard of and witnessed multiple operator-based accidents as a result of not being specific and structured about safety. IROC based parks also have surprise/secret audits throughout the year to make sure we are operating rides safely. I believe the other parks have similar audits, but they don't appear to be as strict and serious as IROC's since those standards aren't in place. If IROC is dropped from the parks, I would be VERY concerned about the future of safety standards.
@jerbearadventutures
11 ай бұрын
Definitely agree. It sounds like the CEO and basically Cedar Fair front office is heading this so that could mean that Cedar Fair’s policy would be in place and not Six Flags policies. Just my guess.
@flutegirl23
11 ай бұрын
@@jerbearadventutures That's definitely my hope with the leadership staying in place!
@ScottCleve33
11 ай бұрын
@@jerbearadventutures This is what I'm hearing from the reports I've watched. Cedar Fair has a 51% ownership and they'll be running things so the hopes are that Cedar Fair policies will be implemented by Six Flags.
@buldasur2576
11 ай бұрын
I disagree with this. Iroc slows down operations. It’s just not needed. My home park great adventure has efficient operations the way it is. Also I know cedar fair employees dislike Iroc too.
@darkridedan1
11 ай бұрын
I’ve worked at Six Flags and Cedar Fair in operations and your assessment is incorrect. At Six Flags, I filled out check lists for EVERY position (front loader, rear loader, front unloader, rear unloader,etc) AND took a test and HAD to past for each position AND for each ride. For operator, you had to write 6 essays per coaster on evacuations, opening procedures, closing procedures, transfers, etc. At Cedar Fair, I was told where to stand, where customers put loose articles and what the height requirement was. So with facts behind me, I wholeheartedly disagree.
@DiaryofaRollerCoasterGirl
11 ай бұрын
Whatever happens, I just hope that they can fix up Magic Mountain. It has the potential to be one of the best parks in the world, but it's such a dirty mess with some of the worst operations I've ever come across. The CEO being the guy from Cedar Fair does give me a little bit of hope.
@halesej
11 ай бұрын
Yes, the Cedar Fair CEO is a glimmer of hope.
@johnepants
11 ай бұрын
I definitely feel like Cedar Fair management is going to be who takes over managing the chain under Six Flags branding
@GiuseppeGaetanoSabatelli
11 ай бұрын
Imagine for a moment: Instead of "Six Flags" giant logo (ᵐᵃᵍᶦᶜ ᵐᵒᵘⁿᵗᵃᶦⁿ) They rebrand to just "Magic Mountain" with the Cedar Fair penant dotting the two i's. Then give the park a solo identity and cut out all WB/DC licensing.
@autumnember7
11 ай бұрын
I'm in the same boat! Great America, I'm sure like a lot of the other six flags parks, has been going downhill fast. I hope Cedar Fair's standards will bring it back or even make it better than it was
@SlackerWannaB
11 ай бұрын
Salim Basoul is still over the CEO as chairman of the board. I’m still hopeful though.
@ATLSloan
11 ай бұрын
‘I’m just glad Six Flags is finally getting a Giga and Cedar Fair is getting a Batman Clone’ -Anonymous
@scaryhobbit211
11 ай бұрын
Tbf, Valleyfair would kill to get a Batman Clone.
@istrumguitars
11 ай бұрын
This is the comment you like, Coaster Studios? Really? How are you guys so cool with this? It’s not a joke. This isn’t good news, mega mergers are terrible for consumers, employees (from both companies), and smaller regional parks all around the country and the globe.
@scaryhobbit211
11 ай бұрын
@@istrumguitars *Lighten up, Francis.*
@EarthySmerky
10 ай бұрын
@@istrumguitarsWomp Womp
@mdf3530
11 ай бұрын
Does this mean that Cedar Point Fanboy and Magic Mountain Fanboy are now stepbrothers?
@lucianoalonso4389
11 ай бұрын
That's what I call a Prestige Worldwide
@windwest4D
11 ай бұрын
Yes, I think so
@anderfrank1
11 ай бұрын
Did we just become best friends? YUP!
@lucianoalonso4389
11 ай бұрын
@@anderfrank1 now they'll be room for so many activities
@Johnnyiswhere
11 ай бұрын
And the Cedar Fair snobs are the most angry. They can't be above it all anymore 😂
@KHdreadnought
11 ай бұрын
This is definitely the equivalent of finding out Your mom is marrying that guy you don’t like.😭😂
@ScottCleve33
11 ай бұрын
The teacher you don't like.
@Space97.
11 ай бұрын
Exactly lmao
@JFrombaugh
11 ай бұрын
I'm pretty concerned. It's not even the question of whether certain Cedar Fair parks will have worse operations or more cloned rides or anything like that. My main concern is that usually these kinds of mergers imply a desire by both companies to shed assets and hope that some sort of combined compromise will be more stable in the long run, when that isn't necessarily the case (as others have pointed out, competition can often actually be a good thing). So it worries me that we could be about to see a number of parks close. Especially seeing as how both chains have parks on very valuable real estate. Best case scenario would be that some independent operator would be willing to buy one of the parks and keep running it (like what happened with Indiana Beach), though I think that's is a long shot and it's more likely we'd just see a bunch of coasters get scrapped or sold overseas.
@shadowprince4482
11 ай бұрын
Yeah not many people go to parks they don't live near. I'm on the west coast and had been wanting to go Cedar Point since Millennium Force first opened but Magic Mountain was much closer so I never went until right after Steel Vengeance opened. MM was a 4 hour drive and I still rarely went even though I love coasters.
@wrestlingandamusementparkl7789
11 ай бұрын
The parks that will be interesting is like World of fun and St. Louis. But I agree what could happen
@AceAviations2
11 ай бұрын
@@wrestlingandamusementparkl7789 World's of Fun got a new coaster this year, and the 2026 FIFA World Cup will be somewhat nearby for some of it (Arrowhead Stadium in Kansas City), so that park is somewhat safe given that in only 3 years a pretty major global sporting event will be taking place in the same city. However this does also give some hope for the rides a CGA as there a WAY more parks to send rides off to now (Gold Striker to Six Flags America for example), so it makes things a bit more hopeful on the casters making it out. Also this could possibly change things with that situation that might end up saving the park for all we know. Six Flags America is home to a 100+ year old wooden coaster in Wild One, and with what happened to Blue Streak still being a very recent memory, I'd argue that makes them somewhat safe. The backlash to destroying a 100+ year old wooden coaster would be quite catastrophic to the company's reputation, particularly given that it's the fourth oldest operating coaster IN THE WORLD (one of only 4 coasters still around from before 1920). If they know what's good for them, they keep Six Flags America or sell it to another chain.
@jrowlet
10 ай бұрын
@@wrestlingandamusementparkl7789Hopefully they will both be safe since they are 4 hours away at opposite ends of the state, and if the parks were a few miles farther apart, they would be in different states because SFSL would be in Illinois and WOF would be in Kansas (I would be more concerned about closer pairs like Six Flags America and Kings Dominion).
@cycloid2326
11 ай бұрын
Personally, I expect that both Cedar Fair and Six Flags will still act as separate brands, but with shared overhead to reduce duplication and simplify operations. At the same time, I wouldn’t be surprised if this merger gets blocked for being monopolistic.
@tylerrusnak7736
11 ай бұрын
It's not a monopoly in the slightest. You still have Palace and independent parks as well as other entertainment centers.
@jandrew1994
11 ай бұрын
@@tylerrusnak7736 That's a stupid counter-argument, since those are all tiny and don't offer near the perks nor experiences that CF or SF offer in the upper 47 out of the lower 48 states. Imagine if Walmart and Target decided to merge... sure you'd still have your local and regional grocery stores in -some- parts of the USA and your Dollar General's, but do those really count?
@tylerrusnak7736
11 ай бұрын
@@jandrew1994 Yes actually. It's why Disney and KZitem isn't a monopoly. There are other options out there. Monopolies are when there is NO other option for an item or service. Look up a dictionary sometime kid.
@Johnnyiswhere
11 ай бұрын
@@jandrew1994not even close to a monopoly. Not even close. Less than 10 percent marketshare
@AdamSmith-gs2dv
11 ай бұрын
Depends on how they regulate, if it's regulated under entertainment then I don't see how this will be blocked
@chitownsuperfan
11 ай бұрын
The fact that cedar fair is technically the majority shareholder and they kept the cedar fair CEO is HUGE
@ScottCleve33
11 ай бұрын
My guess is that was a requirement for the deal to be done. I can't see Cedar Fair agreeing to this unless they had control. I also foresee Cedar Fair gradually increasing that 51% of control. To get this deal done they agreed to a 51/49 split but we'll see if over time Cedar Fair doesn't try to leverage some of that 49% away from Six Flags.
@christiangonzales7429
11 ай бұрын
Cedar Fair is the surviving company when the deal closes. The existing company presently known as Six Flags will be dissolved by Cedar Fair when the merger closes, and Cedar Fair will then rebrand itself as Six Flags. Cedar Fair is the surviving company and is simply rebranding, whereas the existing Six Flags will be dissolved.
@jrowlet
10 ай бұрын
As Mitch McConnell said in late 2020 with replacing the seat of RBG, having a bare majority is the whole ball game in life sometimes.
@Vansmackable
11 ай бұрын
Can’t wait to see that old guy from the commercials dancing in front of Steel Vengeance.
@forrestdevine2336
11 ай бұрын
I want to believe in a "rising tide floats all boats" situation. But if I'm Dorney Park, La Ronde, Six Flags America, Great Escape, etc. I'm going to be real nervous for the next 10 years.
@FanThemePark
11 ай бұрын
Calling it right now. Magic Mountain will finally get a giga coaster sometime in the next 5 years. That is the major type of coaster they are missing and Cedar Fair has always been willing to spend big on their best parks.
@DogPayne
11 ай бұрын
Agreed. I also think they might do some well needed TLC on X2. I predict that Viper will eventually be replaced with a new Vekoma 5-6 years from now.
@buldasur2576
11 ай бұрын
This news is crazy. So the cedar fair name will be gone. Rip cedar fair name 1987-2023. I think this move will turn out good. I know there’s so many parks that people think that will just get abandoned in all of this but I would like to believe that wouldn’t happen. Also I still have my six flags legacy membership from years ago which I’m worried I might lose since the cedar fair guys are taking over. It’s so odd that the six flags name will be associated with the cedar fair parks now. Not saying they’re renaming the parks though.
@nancyfarkas3592
11 ай бұрын
They are looking into a pass that will cover ALL the parks
@Croutonman-v5p
11 ай бұрын
they should un merge the company
@C0astinG4mer
11 ай бұрын
@@Croutonman-v5pthat’s impossible kid
@christiangonzales7429
11 ай бұрын
The name will disappear but the company itself will still continue on, just under the Six Flags name. Cedar Fair is going to dissolve the current Six Flags upon merging, and then take on the Six Flags name. Same company, new name.
@buldasur2576
11 ай бұрын
@@christiangonzales7429I was only talking about the name. I thought that was obvious
@kgard89
11 ай бұрын
As a Cedar Fair stockholder this was expected. Since the pandemic the company took on a lot of debt when interest rates were low to stay open. The company just like Six Flags has more debt and liabilities than the value of assets of their parks. 50% of cedar fairs yearly profit was from just Cedar point and Knotts berry farm. California's Great America was losing money and sitting on valuable land in Silicon Valley which is why it was sold. The earnings reports recently stressed debt being a huge issue with rising interest rates. I had assumed Cedar fair would sell off less popular parks to pay down the debt like Six flags did around 2006 to 2008. The other option was for Cedar fair to cut its 3% dividend to pay down debt. This option to combine the two to cut down overlapping costs maybe a blessing in disguise that saves 2 companies from bankruptcies 5 to 10 years down the road and will hopefully make one successful and thrilling company.
@stellarjess
11 ай бұрын
This just immediately makes me think of what happened to Geauga Lake in 2000, and that sinking feeling that it wasn’t going to end well amidst the happy commercials announcing it becoming Six Flags…
@NotAJosh
11 ай бұрын
Great Escape is called Six Flags Great Escape…. They changed that awhile go….. La Ronde and FC are the only two parks without the SF name
@coastarider
11 ай бұрын
Thanks so much for getting this out! I really appreciate that your collected your thoughts and made a very in depth video!
@Pocketkid2
11 ай бұрын
I grew up in the San Jose CA area so I like having Great America so close by. If Discovery Kingdom can be brought up to that level of quality, I think that would be a worthy replacement since I actually prefer SFDK's coaster lineup to CGA's
@therock238360
11 ай бұрын
The main thing holding Discovery Kingdom back imo is that they have a height limit, which means they can never get something like a hyper or a giga. Since CGA is closing maybe they’ll get some of their hand me downs
@MacRay14
11 ай бұрын
@@therock238360I'm hoping at least Rail Blazer will be brought over. I'm assuming Gold Striker would be too difficult to move but that would be a dream too. Other question is where they even get moved to. SFDK doesn't have much in the way of space for coasters since almost all of theirs are jammed into one small area due to needing to give the animals room. Would love to see the park improve but don't know how it would be possible.
@Pocketkid2
11 ай бұрын
@@therock238360 The only thing holding Discovery Kingdom back is its terrible operations and park quality. And Kong.
@stephenn77
11 ай бұрын
Me too! They gotta work on theming and ride ops for sure at SFDK. Take out Kong and put in something better!
@AceAviations2
11 ай бұрын
@@MacRay14 I could see Gold Striker going to one of the smaller Six Flags parks, Six Flags America in particular comes to mind. From the park's beginning it was home to relocated coasters as Wild One, which originally opened in 1917 at Paragon Park. So another relocated wooden coaster wouldn't be out-of-place. Plus they absolutely have the space for it. The park's Starflyer could even be in the middle of the main drop like with the tower at CGA, it could go alongside the park's train line and back to the storage area. Or go in the place of The Penguin's Blizzard River with the main drop turning away from the midway and the ride being more secluded in the back of the park, there's a lot of space back there. However things could change with that situation, maybe CGA doesn't actually close down, given how MASSIVE this shake-up to management is, I can't completely rule that option out. I do find the notion that wooden coasters are too difficult to move annoying because it's been done in the past, Wild One at Six Flags America was a big wooden coaster, and yet that ride was relocated, then there's the Crystal Beach Comet, now at the Great Escape. Would it be costly, sure, but maybe it would be cheaper than building a ground-up wooden coaster.
@stevec653
11 ай бұрын
The key thing here is the 51% cedar fair and 49% six flags. This is a cedar fair buy out which is excellent news. Cedar Fair manages their parks and produces a much better park experience than Six Flags. Six Flags has the branding; Cedar Fair has the quality. Cedar Fair is smart to take up the Six Flags branding. This merge will make existing Six Flags parks more enjoyable. This is good news.
@ScottCleve33
11 ай бұрын
Is this only the first step in what Cedar Fair wants to do? Did Cedar Fair agree to this at a 51/49 split in order to get the deal done with intentions of leveraging over time to increase that ownership? As one person commented earlier the nice part about Cedar Fair parks is that each park has it's own individual identity whereas Six Flags parks are all just a corporate cookie cutter appearance. When you go to a Cedar Fair park it feels like you're going to a unique park you've never been to before. When you go to a Six Flags park it has the feel of just another Six Flags park only in a different location.
@jrowlet
10 ай бұрын
Like Mitch McConnell reminded us in late 2020 while replacing the seat of RBG, having a simple majority is the whole ball game in life sometimes.
@nimexwolf
11 ай бұрын
My biggest fear is that they raise prices across the board.
@jrowlet
10 ай бұрын
Exactly! And this would lessen competition, and human history has shown that less competition typically means higher prices (and they of course could use an opaque excuse like economic inflation to raise their prices).
@steveh8829
11 ай бұрын
As someone who lives in Northern California I hope when CGA closes they send RailBlazer to SFDK. Pipe dream but saving GoldStriker would be amazing too. I couldn’t even imagine SFDK gaining something like that.
@johngollsneider1078
11 ай бұрын
I would not be surprised to see them do a tiered pass structure, similar to the Epic or Ikon passes at ski resorts. The lowest pass gets you into X, Y and Z parks, the next pass gets you into those plus A, B, and C. The top tier pass gets you into every park in the chain
@samplautz5586
11 ай бұрын
Ya, I feel like it will either have to be “you choose the parks” or it’s based on location. Like they do passes for regions
@projectnightfall6882
11 ай бұрын
For many parts of the USA this is equivalent to what Merlin did in the UK. All major parks controlled by one company, no reason to compete. It's why Europe is now leagues ahead of the UK, when back in the early 2000s they were about on par.
@antonytsai6611
11 ай бұрын
i do agree with that but there are still multiple independent parks in the uk and they are decently large with BPB being the msot obvious one but paultons is starting to expand so i think competition in the uk will start to increase not much but little
@haisheauspforte1632
11 ай бұрын
Alton towers at least got some attention by Merlin because it's their flagship park. Heide Park and Gardaland are even worse off, Merlin should give both parks new rides asap (could even be a cookie cutter flat ride, they just need... Anything)
@IsleofPigsStudios
11 ай бұрын
I am just as shocked as you are. I hope Kings Dominion and Carowinds are alright
@carolinacoasters1
11 ай бұрын
Carowinds Is safe because there moving the Corporate office to Charlotte.
@IsleofPigsStudios
11 ай бұрын
@@carolinacoasters1fair point.
@robw5741
11 ай бұрын
@@carolinacoasters1 what I read some hours ago the whole thing still requires shareholder votes to go through, and it's not yet final?
@mdf3530
11 ай бұрын
KD and Carowinds are safe. However, if they want to sell some of the parks as a package I wouldn't be surprised if either Knott's or Magic Mountain is included to drive up the price.
@jandrew1994
11 ай бұрын
Carowinds is definitely safe, it is the new CedarFlags HQ1. KD is also definitely safe but for a different reason. They're already a borderline elite coaster park with its top 2 coasters and also they're one of the few parks that actually has outside competition (Busch Gardens Williamsburg). The ones I see being sold off to smaller independent companies or going full on independent are the Six Flags America, Great Escape, Frontier City, Darien Lake, La Ronde, possibly Dorney Park due to competition with Great Adventure, and obviously Discovery Kingdom is a huge winner because CGA is obviously closing and Discovery Kingdom will likely get the majority of CGA's hand-me-down rides now (at least ones that aren't duplicates or near-duplicates).
@senorhayomayo
11 ай бұрын
I think one benefit not discussed is how much Cedar/SixFlags can negotiate for ride pricing. All the manufacturers better be very nice to this huge park-operating company like this one.
@iamtinfamousxii9326
11 ай бұрын
Why would they be able to negotiate? Materials and labor wouldn't be much cheaper? And most flat rides have a 'flat' price these days for everyone. I'd say they'd be able to afford and/or fund development of exclusive ride products from selet manufacturers moreso.
@jrowlet
10 ай бұрын
@@iamtinfamousxii9326Not only do manufacturers have their own costs, but also if they do not charge enough, they go out of business, like Arrow not charging enough for X and Giovanola (original home of Walter Bolliger and Claude Mabillard) not charging enough for Titan.
@TheTechhX
11 ай бұрын
i really hope this ends up getting blocked by the government. This merger will do nothing good for guests for either parks. All its going to do is reduce competition, raise prices, and lead to less overall investment into each park, since they dont have a nearby competitor anymore.
@JettSpitzer
11 ай бұрын
I have seen many people talking about how this merger leading to the parks not being in competition anymore and stagnate the parks. However, Six Flags and Cedar Fair weren't competing with each other as much as they were competing with other forms of entertainment, especially in home entertainment. Less people are going out to an amusement park and are staying at home causing the two companies into massive amounts of debt. Both Six Flags and Cedar Fair are looking to spread and grow rather than compete for the same customer base. The merger is not ending competition: it is reinvigorating these two companies to be able to compete in a larger market.
@HiCaballo
11 ай бұрын
I feel like water parks are widely unconsidered as well. In most places I’ve traveled to for coasters, the water parks were the most popular. If they don’t own the water park, that’s a whole day that people are not at their theme park. Fortunately places like Great Wolf Lodge are open year round, but many water parks are competing for summer guests.
@Cranchit
11 ай бұрын
I think you guys are right that some of the smaller forgotten parks will keep getting tossed aside but big parks like Cedar Point and Magic Mountain will continue in keeping up to date with new roller coasters. The parks that get forgotten about will probably to their coasters to other existing parks. The food will be a interesting experience since you don’t really go to a six flags park for food but the cedar fair parks you can always find something good to eat that thought was put behind it.
@Bogarttherideop
11 ай бұрын
I’m an employee at SFDK as a ride trainer in Oasis Plaza and currently my main thought is training. I don’t know how fast these things will come if ever but that’s the one thing on my mind. I also think that the changes they are going to do will be very subtle or quietly introduced
@themeparkmagic180
11 ай бұрын
Hi Taylor and Sarah, I worked over the summer this year at Cedar Point. Eventhough I worked for a Cedar Fair park, I had a very unique experience working at Cedar Point. I worked both in the Park Services department as well in event operations. When I worked in events, the primary job I did a majority of the time was clean event venues for private events and groups. Other smaller things I did were help with the booths at the Frontier Festival and help lead marching bands through the park. During the time I was in Park Services, I cleaned the midways and kept the trash cans from overflowing.
@ThemeParkUpdate
11 ай бұрын
Hey y’all! Your favorite Six Flags Fiesta Texas operator here :). It’s been a while but here are my opinions. From an employee perspective I am very interested in what they will do with IRoc. Fiesta Texas specifically has had a big push for efficiency which IRoc may hinder with the staffing realities of Six Flags Parks. However we may see more commitment to staffing and training increasing both strict safety procedures and ridership (not saying Six Flags isn’t safe, but IRoc goes over the top sometimes). I personally think Fiesta Texas is an amazing example of what other six flags parks will begin to look like. Clearly Salim started to move that direction before the merger (he frequently made visits to fiesta too) and I can see this move continuing. Expect higher quality major additions that may be less frequent, but in those off years a heavy focus on park improvements. Final thoughts, 👍👍from me
@Danrarbc
11 ай бұрын
ironically even though it is the Cedar Fair management team surviving they'll have some data from Six Flags they can look at. This may well convince them to abandon IROC.
@mdomnis
11 ай бұрын
I've never visited SFFT, but I've heard great things about it in recent years. Getting rid of IROC and bringing training back in house would be a huge win. Cedar Point used to be great when it came to operations and they've fallen off rather drastically since IROC came in. Every year they come up with some stupid "safety theater" idea to further slow things down.
@zacharyvickers3100
11 ай бұрын
As a SFSTL employee I am very nervous about this merger!! I am more nervous that they will rip apart the current management and the newly promoted park President Dan snider!! He has been amazing for our park!! I’m just worried that our park will fall down the ladder!! I feel our park was finally getting attention from the corporate level and now I fear we will get shunned!
@Danrarbc
11 ай бұрын
@@zacharyvickers3100 It's nice to hear STL has a real president now and isn't sharing with Great America. Nothing in the information released to investors at the park level was subtractive. No signs of park layoffs or liquidation and the SEC requires that they tell investors the truth on that. Everything relating to park experiences in that information was additive and suggested that the focus on experiences at Cedar Fair the last few years will continue and be expanded to the Six Flags parks they're acquiring. If that's true look for them to add a nice new indoor restaurant like Worlds of Fun got Boathouse Grill in 2022.
@ThemeParkUpdate
11 ай бұрын
Something I forgot to mention is employee benefits. Theoretically, employees will now be able to visit all 42 properties for free. For fiesta Texas specifically, Schlitterbahn is a water park owned by cedar fair, and is only about 45 minutes from sfft.
@GiuseppeGaetanoSabatelli
11 ай бұрын
While "Six Flags" is a stronger brand recognition than Cedar Fair, part of CF's strength was in the solo branding and identity of each park. Other than the font and penant logo, there's nothing to suggest that Carowinds, King's Island, and Cedar Point are a "chain" or "part of a franchise." But Six Flags always felt like there was a lack of identity as a casual consumer. It was just "Six Flags: Location." So hopefully they absolutely do not rebrand any of the Cedar Fair parks. If anything, I hope they *_*DEBRAND*_* Six Flags parks.
@Croutonman-v5p
11 ай бұрын
I swear if they change parks like CW to Six Flags Vaughn, im never going to a cedar fair or six flags park ever again
@lamaripiazza5226
11 ай бұрын
@@Croutonman-v5pDon’t worry they said they won’t
@rosslovesdisney3829
10 ай бұрын
@@Croutonman-v5pthey said they won’t add the Six Flags name to Knott’s Berry Farm so I expect this trend to be the same across all Cedar Fair parks.
@78konjo
11 ай бұрын
I think we'll see some closures over the next 10 years, I also think we are going to see general ticket prices rise a higher amount. $80-1$00 for a day tickets will likely become the norm for all the parks by 2026-2027
@AshleyThePie
11 ай бұрын
NOOOOOOOOOOOOOOOO
@AdamSmith-gs2dv
11 ай бұрын
We can blame reckless government spending for that
@kennethcadwell2124
11 ай бұрын
@@AdamSmith-gs2dvStupidity, as what individual companies charge has nothing to do with Government spending.......... It's called a capitalist system that allows greedy price gouging..........
@chrismdb5686
11 ай бұрын
@@kennethcadwell2124Inflation raises prices regardless of whether the guys setting the prices are greedy or not. Right now both are major factors.
@chrismdb5686
11 ай бұрын
@@kennethcadwell2124Also in your preferred socialist or communist paradise there wouldn't be any amusement parks/theme parks, so there's that...
@123-q5c7g
12 күн бұрын
I love that little Loch Ness Monster car model in the background.
@TexasDroneSpecialist
11 ай бұрын
I think it’s going to be overall positive for SixFlags, the fact that they are keeping the Cedar Fair CEO and 6 board members make me think SixFlags will definitely start to become managed more like Cedar Fair. I doubt much will change at the Cedar Fair parks at all.
@kennethcadwell2124
11 ай бұрын
That depends where you live because in Missouri we have 3 major parks and the Cedar Fair owned Worlds of Fun (Kansas City, MO) is the most neglected park out of them........ Silver Dollar City (Branson, MO) and Six Flags (St. Louis, MO) are ranked as better parks.............
@michaezell4607
11 ай бұрын
@@kennethcadwell2124in Virginia we have three major parks to compete with those are SFA in large Maryland .KD in Dowell Virginia and Busch Gardens in Williamsburg Virginia. SFA being a Lowe tier park would probably get the axe. We're already seeing this with the current CEO of six flags shutting down whole area's as a cost cutting measure.
@kennethcadwell2124
11 ай бұрын
@michaezell4607 well he doesn't have control any more under the new merger. As he isn't the CEO anymore....... My main point though was that the Cedar Fair park in my state is actually worse than the Six Flags park is...........
@TexasDroneSpecialist
11 ай бұрын
@@kennethcadwell2124 they are definitely still going to play favorites for their most profitable parks.
@ScottCleve33
11 ай бұрын
@@kennethcadwell2124 I think it's important to remember that even though these parks are part of a bigger company that each and every park is individually run locally. Cedar Point is the best Cedar Fair park because that's the headquarters of Cedar Fair and is their flagship park. However the CEO of Cedar Fair doesn't have time to micro manage every park. Each park will still need to be successful on their own and they can't expect large sums of cash to be transferred to them to boost them. Cedar Fair brings stability to Six Flags. No more changing of CEO every few years with different ideas. Six Flags brings 12 month a year revenue. Most Cedar Fair parks are in cold weather locations and are shut down six months a year. At the park level I don't expect that to change much as the parks who earn the most revenue will be able to invest it but as for the company as a whole it will help the stock and make it more valuable.
@mitchellries256
11 ай бұрын
I think this was a great move for both companies. We've seen similar success in 2017 when Bass Pro Shops acquired Cabela's, and I see no reason why the same thing can't happen with these two as well. I think Six Flags can learn a lot from Cedar Fair, such as better operations, improvements in cleanliness and atmosphere, and less ride closures.
@d0mthedrummer
11 ай бұрын
I just hope for someone like myself that is active in Cedar Fair live entertainment that the quality, and quantity of shows don't diminish, it was already bad enough that most Cedar Fair parks received cuts in the budget for shows for this current year, it really makes me wonder will it now improve, or will it fall off even further.
@MartinDipple-z6o
11 ай бұрын
not to be nerdy but do you have some examples
@d0mthedrummer
11 ай бұрын
@@MartinDipple-z6o examples of shows that I've been in?
@MatchTerm
11 ай бұрын
Well, here's what I see from a very outsider perspective (as in, I'm from Italy). This merger only spells cuts, overcharging, and a whole lot of less steam into making new attractions. From what I've seen, I do not trust that this will benefit us in the end. Basically have an 80% hold on Amusement parks now, they have no reason to compete anymore. Theme parks like Disney and Universal serve another type of customer all together, they're not too much after the coaster enthusiast usually (with a few exceptions, like Velocicoaster). So in the area of pure amusement park, there's no competition that can come close in terms of control and capital now if this merger goes through. They can go ahead and slowly boil the frog, charge a little more here and there, cut there and there, ever so slightly increase the number of years a new attraction is put in one of these parks. And when they don't make revenue anymore? That's a lot of potential land to sell to developers, who will more than likely run the parks to the ground for house and commercial development rather than re-invest in the park itself. In a monopoly, no one wins except the suits. Even with a company as run down by greed as Disney is, they still have enough IP control and raw capital to keep boiling that frog up, when the quality of their experiences are ever so more getting tarnished. So yeah, in my opinion, do not expect anything good to happen out of this merger. Good luck and sorry a lot of stuff you like is about to go sour.
@robertcherman
11 ай бұрын
Agree
@creamcitysista1970
11 ай бұрын
This merger makes me wonder if it could help improve the American Eagle at SFGAm. That 40+year-old ride badly NEEDS to be redesigned/ strengthened so that BOTH blue & red trains can race each other again.
@jordancaleb3419
10 ай бұрын
I completely agree. It was rough back in 2016 when I rode it last.
@RRIA_America
11 ай бұрын
10:24 “If they’re using their brains, this is a no brainer” is probably the best quote this year.
@dylanfaraci8071
11 ай бұрын
I hope they do more of the Great Escape route. I also think they might follow the Bass Pro Cabela’s route where you’ll see the other’s logos in each of their locations
@CoasterLoverJackie
10 ай бұрын
I think this merger has been in the works for quite awhile….because it now makes sense why the Six Flags theme song was playing on a loop in the animatronics garage during the 2023 Winter Chill Out
@vincentfalcone9218
11 ай бұрын
I can definitely see this merger leading to the company placing more emphasis on their flagship parks (Magic Mountain, Cedar Point) to compete with Disney/Universal as nationwide "tourist" parks while neglecting and even closing some regional parks. It's interesting that Charlotte and Carowinds is the new headquarters (the closest park to the Florida juggernauts along with Over Georgia). I can definitely see Carowinds getting additional investment to beef it up into a destination park.
@Calakapepe
11 ай бұрын
I currently perform at a cedar fair park & have been able to count on employment for that since 2013 or so... but with this, Im not sure if Im going to get a call, if Ill have to audition & if I do, if Im selected still.. itll be interesting to see if entertainment offerings at my park need my type of talent on top of my already limiting schedule 😅 However, I cant yet say Im performing at a six flags park quite yet :p
@restless5996
11 ай бұрын
We're not even sure if this deal will go through The FTC has been really hard on companies recently, and they might block the deal due to a decrease in competition.
@nancyfarkas3592
11 ай бұрын
Sure sounds like it will
@paulmims1840
11 ай бұрын
It’ll pass. Airline merging is different from a leisure amusement industry.
@AdamSmith-gs2dv
11 ай бұрын
They allowed T Mobile and Sprint to merge and that had way bigger issues than this
@Sunominal
11 ай бұрын
Pretty sure it'll pass, they allowed Microsoft's acquisition of Activision Blizzard to happen
@restless5996
11 ай бұрын
@Sun-mu4rp actually the FTC wanted to block the Microsoft ABK deal, but Microsoft won in the court of appeals so it went through
@chrisgiles8005
11 ай бұрын
Six Flags Fiesta Texas is my home park and I always heard good comments about the park. I think with some of the other Six Flags parks that get less work to theirs parks maybe they will get better improvements and better theming working with Cedar Fair will help.
@brianfoss571
11 ай бұрын
Very wary of this merger - it creates a near-monopoly of the large regional park market, and there's no way around it without selling a bunch of the smaller parks to Herschend, Palace Entertainment, or even Merlin. But the biggest competitive advantage this provides is the ability to sell mid-tier season passes for 2 or 3 parks in a given region. If they sell a $150 annual pass to SFGAm, CP, and KI, I'd definitely pounce on that instead of going to Epic Universe right when it opens. Part of the rationale for this merger is that uniting all the big northern seasonal parks (SFGAm, SFGAdv, CP, KI, CaWo, KD, and SFNE) would help them compete against the massive expansion in Central FL. And the focus on adding new coasters / immersive attractions for these parks will be much more geared to marketing a cheaper alternative to a FL park vacation than in the past.
@MCQ-fq6bv
11 ай бұрын
One of the things that needs to be addressed is their are just too many parks, too many mouths to feed. Need to eliminate the low producing, low margin, low price point parks(SF has a bunch of low price points). The EPR lease parks need to try to end the leases early..Darien Lake, Frontier City and the 4 stand alone water parks. The Rockford IL water park adds nothing. LaRonde, Great Escape and SF America should be sold. That eliminates a total of 5 parks and with CGA closure 2027/28, that's 6, so have 21 dry parks. These sales could be used to pay down debt or provide the money needed to exercise the buyout option on the partnership parks of Over Georgia and Over Texas which are in 2027 and 2028 respectively. The total cost to buyout the partners remaining 68% at SFOG and 46% at SFOT is a combined 521M
@JAXXNCREATED
11 ай бұрын
I’m very excited for this, optimistic but cautiously optimistic. I think if this goes well for both parties that this will be larger than anything we’ve seen.
@CancelHappiness
11 ай бұрын
I'm not at all
@JustACooldude74503
11 ай бұрын
If there is even a tiny chance that they don’t go through with this, I really, really hope that comes to fruition.
@dylanjimenez1952
11 ай бұрын
i agree
@jrowlet
10 ай бұрын
That would be one of the greatest failures to get excited about in history (like watching the UK break off EU). I was so happy when Cedar Fair kept rejecting offers from Six Flags and SeaWorld in previous years.
@kickthesky
11 ай бұрын
At least for a few more years there will now be two Six Flags Great Americas! The two parks have finally reunited under the same brand once again.
@interista9326
11 ай бұрын
As someone who’s been out of the rollercoaster enthusiasm loop for some years … what a bombshell
@kevin-727
11 ай бұрын
I am in a wait and see frame of mind over this merger. Think this will decrease competition overall in the industry since these 2 companies competed against one another. Also am concerned about the smaller park systems....like Palace Entertainment.....and their ability to compete. They wont have the large capital for investments of rides as this new company will. Thinking along the lines of the Walmart effect. They come in, everyone thinks it is great, smaller mom and pop stores close as they cannot compete then only have Walmart......if they remain in that location or shut the store down later. Hope springs eternal so will see what the future holds.
@tomdcsupercat8111
11 ай бұрын
This is insane ,12 year old me would flip out about this, and the fact that it is really happening is insane!!!!!!
@ave0828
11 ай бұрын
This truly will help the Six Flags chain improve imo. Imagining every Six Flags park with the management from Cedar Fair???! Cedar Fair Parks are ran by workers who actually care, and that's one reason why their parks are superior to Six Flags.
@Meatloaf8
11 ай бұрын
Im just worried it will be the other way around
@jandrew1994
11 ай бұрын
Cedar Point has a lot of foreign seasonal immigrant visa workers who are like 20 and don't care about anything except getting their foot in the door to try and get a green card.
@bushwxcker540
11 ай бұрын
@@jandrew1994yes, that’s pretty much every ride operator in every single amusement park across the country during the summer.
@Danrarbc
11 ай бұрын
@DeepFriedMeatloaf Cedar Fair's management team is the one that survives the merger so if their philosophy changes they would have likely made that change anyway even without acquiring Six Flags. @@jandrew1994 Well that doesn't seem like a problematic viewpoint at all. People like complaining about staffing levels - but then take issue with how they do it. I've been to parks with visa workers and I'm going to tell you right now I've seen plenty of lazy theme park employees. I've never seen the visa workers on cell phones instead of operating a ride, or chatting it up and forgetting to hold a green button forcing a ride to estop. Not once. The only people I've seen do those things are the local workers.
@AdamSmith-gs2dv
11 ай бұрын
@@jandrew1994They care alot more than the employees at SFOG. Kings Island especially is absolute top tier when it comes to operations
@kobeangelesdamelio
10 ай бұрын
Growing up the only Cedar Fair park I went to was Dorney Park. Can’t imagine how it’ll change
@jediofswtor5738
11 ай бұрын
I'm from Ohio. And even though I love Cedar Point and Kings Island (by the way, Kings Island is my home park) . I personally want more competition not less. My only hope is that they don't six flags the Cedar Fair Parks like Kings Island or Cedar Point.🤮
@coolminer6242
11 ай бұрын
Please don’t put any six flags branding on those parks. Adding the Six Flags brand on anything makes it feel more clunky in my opinion. Less elegant like many Cedar Fair parks are. Cedar Fair parks have their own unique identity for the most part. While Six Flags is, just Six Flags
@AdamSmith-gs2dv
11 ай бұрын
I don't think much changes for those parks because Ohio is already dominated by Cedar Fair
@jrowlet
10 ай бұрын
I just hope that parks do not get murdered like the old Ohio park by the name of Geauga Lake.
@keystothecountry1539
11 ай бұрын
Well, Knotts will probably open more family coasters while MM will focus on thrills. I know it has been their MO's for the larger parts already, but this would solidify it.
@gamehog44
11 ай бұрын
I'm a CedarFair Corporate employee. From what I've heard so far, I think its going to turn out to be pretty good for mostly everyone. I guess we will all know more in H1 of 2024!
@gametime2473
11 ай бұрын
I am skeptical it will benefit consumers. It's rare that less competition in the marketplace benefits consumers.
@coreylineberry8557
11 ай бұрын
You're going to enjoy Charlotte if you aren't already here.
@gamehog44
11 ай бұрын
@@coreylineberry8557I work remotely.
@jrowlet
10 ай бұрын
it may be better for CF corporate employees than it will be for soon-to-be-ex corporate employees of SF.
@TPCo0Lz
11 ай бұрын
FYI: Seatbelts are for insurance! It’s cheaper if the rides have seatbelts!
@vekomaboomerang4094
11 ай бұрын
I honestly don't think that this is a good idea. Cedar Fair and Six Flags fusing together would be entering a brand new Era for all theme parks across the country. There's the good and the bad that always comes with changes, but we will see what happens and hoping that it all works itself out. I'm worried about what's going to happen to Knott's Berry Farm. I hope that nothing changes, Cedar Fair already did a great job with the park during the 2010's decade. Knott's spent money reburnishing and adding rides like Calico Mine Ride and Coast Rider in 2013, Log Ride in 2014, Ghostrider in 2016, Sol Spin and removing Boomerang in 2017, Hangtime in 2018 and Calico River Rapids in 2019. What about the other theme parks like The Adventuredome, Lagoon Theme Park, Elitch Gardens, Silverwood Theme Park. They might also go through changes as well, despite not being owned by those companies. I could see the CF/SF fusion's first victim being Michigan's Adventure, now that park could use a huge makeover. After that, Michigan's Adventure will no longer be the butt of Cedar Fair.
@CaseFamilyVlogs
11 ай бұрын
Were excited! More parks to visit!
@jordonfreeman166
11 ай бұрын
ElToroRyan would be the man to weigh in on this as he has worked for both Six Flags and Cedar Fair.
@robertpolk9910
11 ай бұрын
He thinks Six Flags does a good job with its maintenance and is very biased about them. I got hurt two separate times on El Toro and their staff & management did nothing about it. SF workers are lazy & very poorly trained at almost all of their parks. They need CF to train them on how to be better ride ops. (They could have KI ops show them how it's done, or maybe have the ops from Fiesta Texas, who also has great management).
@pproteinc
11 ай бұрын
It's like if Target and Walmart merged and then calling all the stores Walmart.....gross
@scottyjbd
11 ай бұрын
The saddest thing about all this (so far) is that I’ve recently heard from a CGA insider that at every meeting he has with execs, they mention that they MIGHT buy back the land. Every meeting for the last year+, this gentleman said. I haven’t asked him about it since this announcement but I’m going to guess that those possible plans are out the window 😢
@zacharyyamashita8554
11 ай бұрын
Try to think positive.
@troyvisserhbhs4069
11 ай бұрын
I hope there is option for a smaller tier that is regional. For example I don't a pass to get me in every park but would like to be able to get into Knott's and Magic Mountain on one pass. Either way I hope the combined effort leads to better experiences such as double sided lockers to improve operations, better quality family/flat rides, removal of old bad rides.
@zacg_
11 ай бұрын
I doubt they'll do that but it would be great to have park passes, regional passes and then chain wide passes. They could divide company into regions and charge less than the full chain wide annual pass. Some ideas Great Escape, Great Adventure and Dorney Magic Mountain, Knotts Carowinds, Over Georgia Kings Dominion, America Over Texas, Fiesta Texas (same chain already but if this idea came along it would make sense) Cedar Point and Kings Island (same as above) Valley Fair, Great America, Saint Louis, World's of Fun
@jordanberndt4157
11 ай бұрын
A Canada's Wonderland/La Ronde pass would sell well
@bethkelly2874
11 ай бұрын
I'm a little worried how all the parks will be affected by this with prices experience and additions and more
@pyrosymphonyfireworksdesig5690
11 ай бұрын
The only thing I'm concerned because of this merger is what would happen at the fireworks competition at La Ronde... Would it get bigger or would it scale down?
@christopherstikeleather3427
11 ай бұрын
I was nervous about my home park Carowinds, but given one of the main offices is going to be Charlotte gives me hope it will be fine.
@jandrew1994
11 ай бұрын
Yeah the rumor is the main HQ of CedarFlags will be Carowinds. Cedar Point Sandusky will be the HQ2, and Six Flags Over Texas in Arlington Texas HQ will be completely shuttered and the park will likely be neglected.
@MattMcIrvin
11 ай бұрын
I'd say Carowinds is probably about as safe as they come. The ones to worry about are the minor ones in the chain, especially if they're in markets where the other company arguably has a park, like Dorney or Six Flags America. And just generally neglected/underperforming ones like Michigan's Adventure or Six Flags St. Louis. I do think this absolutely closes the door on California's Great America having any hope of survival.
@CoasterGuy2323
11 ай бұрын
It will get tons of new investments since the headquarters is there. It probably has a better future than any cedar fair/six’s flags park
@PHAEDRIDER
11 ай бұрын
i'm worried about parks like knott's being six flagged. it's been sad enough since cedar fair took over, on the other hand magic mountain could benefit from aspects of cedar fair's way of doing things.
@patrickjoseph9158
11 ай бұрын
So today I went to SFMM today. Friday. Only 2 rides were closed all day, ninja and Superman. Every single restaurant was open and every beer cart. Single train ops on most rides but when 20coasters are open the lines are station waits or maybe 15min. Best visit I’ve had all year and better than any Knotts visit for the last 3+yrs. It was fully staffed today and really cool.
@CoasterStudios
11 ай бұрын
Glad to hear it!
@rgndusk
2 ай бұрын
as an east coastian, this is amazing news for me! in the future, i’ll buy a SF and CF joint pass, drive down to VA, hit up KD, drive up and hit up my home parks of Dornet and SFAm, drive up and hit up SFGa, then drive up some more and hit up SFNE!
@jackcrawford304
11 ай бұрын
Never realized until I used headphone that your intro has surround sound! Also been waiting for this vid ever since the announcement!
@stephanlambert6207
11 ай бұрын
You guys should check out Amusement Insiders. They specialize in Canada's Wonderland but they also go in depth in the business aspect and what could happen in the future.
@SixFlagsfan-bt7uw
11 ай бұрын
This is where parks rank on getting investment: Cedar point Magic mountain Kings island Great adventure Carowinds Great America (Illinois) Fiesta Texas Wonderland Knotts Kings dominion Over Georgia New England Discovery kingdom Over Texas America Darien lake Mexico Valley fair La ronde St. Louis Worlds of fun Frontier city Michigan’s adventure Great escape
@wisdumbhaswon1501
11 ай бұрын
i agree but carowinds should be higher, the new company's head quarters are going to be like 10 minutes away from carowinds, so carowinds will probably be kind of a testing ground, not to mention they are due for a new coaster
@MattMcIrvin
11 ай бұрын
Six Flags America is probably one of the most imperiled by this merger, though, since it's effectively competing with Kings Dominion. It seemed like the chain was starting to pay it a little more attention, but maybe this changes that. Now if Cedar Fair and SeaWorld had merged as we were talking about a few years ago, we might be concerned about the Kings Dominion vs. Busch Gardens Williamsburg rivalry.
@rossh688
11 ай бұрын
You don't think Michigan's Adventure will be near the top? LOL
@AdamSmith-gs2dv
11 ай бұрын
Id put World's of Fun above St Louis, Kansas City is a growing metro while St Louis is a dump
@nellingwood2
11 ай бұрын
You guys were one of the people I couldn't wait to hear from about this. I felt like some of the other enthusiasts that I've watched/read their opinion on have been saying little to nothing I was surprised by. I feel like Theme Park Predictions was playing it safe saying little negative stuff about the merger. I personally see 4 or 5 parks getting sold off within a year or 2. I think otherwise it's a good thing with new IP and synergy between them. I think the giant parks should skip calling themselves SF in front of them (and the bigger SF parks should get rid of it too). I think it works as a moniker for a couple parks (like Great America, Over blah blah) and certainly helps sell a smaller, local park to consumers. Bigger, destination parks don't need that branding IMO (Magic Mountain, Great Adventure, & most of the CF parks especially).
@Wild_D
11 ай бұрын
MM and Knotts are on opposite sides of LA. If you live in Orange County you’re not gonna drive through LA traffic to get to MM
@stephanlambert6207
11 ай бұрын
This will be an incredible improvement for travel companies.
@michaezell4607
11 ай бұрын
Well we can be definitely see the beginning of the end for both SFA and KD real soon soon and we can definitely forget about that wing coaster on volcano's site.
@chromebomb
11 ай бұрын
honestly im still in shock, I've been coastering since 1999 and i would have never thought this would happen
@PhillipMcGhieKartRacing
11 ай бұрын
I been working as a scare actor for Fright Fest at Six Flags Great America since 2013
@PhillipMcGhieKartRacing
11 ай бұрын
hopefully management wont change that mutch?
@dirtthunder1638
11 ай бұрын
One thought is will we see a lot of older rides being moved sooner from larger parks to smaller parks?
@MidnightRailfan
11 ай бұрын
As long as KI keeps getting coasters every 4-5 years I can live 😂. They’re gonna start adding seatbelts to everything
@Jetstreme
11 ай бұрын
As jarring as this is, if there IS that speculated pass that gives you entry to any and all of these parks, 2025 will go crazy.
@FameyFamous
11 ай бұрын
In my experience with giant corporate mergers, the best cost cutting ideas from each company tend to spread across the combined company quickly. People within each company who want to argue in favor of improving the products tend to lose to the cost cutters whenever there's a disagreement. A possible silver lining is that the debt could force the combined company to sell off some properties. The new owners of those lucky parks might be more focused on happy customers and less on cost cutting.
@ScottCleve33
11 ай бұрын
I think it depends on who's in control. Usually the personality and policies of the company in control win out. Here Cedar Fair has the leverage and we can probably see that their policies and personality will be implemented across the board. I just went through a buy out of my company by another and even though the company I worked for were doing things state of the art and did more business the branch that bought us forced all their 1970's policies onto us instead of implementing our progressive policies.
@merkerb
11 ай бұрын
I really wonder about what this will do to the “smaller” Midwest parks in general. Since worlds of fun and SFSL are now under the same ownership, will they start to skimp even more on these parks? And if so, this may be a huge opportunity for parks like Adventure land and Lost Island! So even if these parks take a dive, it could still end up being a net positive for us if these other parks take advantage of the opportunity
@LostEndsStudio
11 ай бұрын
one big benefit is the ability to move rides between parks. When a new ride goes in, the old ride that was in its place (if there is one being removed) can be sent to another park. As Six Flags Darien Lake is my home park, even getting the leftover rides from another park would be gigantic for that park. People in Upstate NY aren't normally going to travel to Virginia just to go to a theme park. Being able to move a ride from down south up to that park is a great way to refresh Darien Lake. The more parks you have, the more than can make sense to move rides around. It surely must be a TON cheaper to move a ride than it is to buy and build a new one. This may not be a "good thing" to the hardcore enthusiasts, being that its not a new credit, but this is great for the average customer. New rides means new reasons to go to the park. The more people in the park, the more money they make. The more money they make, the more they invest in that park. It is all about getting people through those gates. I really hope that this merger also means that places like Darien Lake get new food options. The options at all the other six flags parks are SOOO much better than Darien Lake. Hopefully they can dump some money into that park to just update the food choices.
@ColinNow
10 ай бұрын
As a CF corp employee, well six flags now. It’s for the good. Parks will run like CF with the technology of six flags. I believe the IP for both chains will get bigger, cf parks will largely focus on elevating snoopy and the peanuts and sf parks will focus on DC. It may switch from looney toons and go to the peanuts. Sarah, good point about the cross training! Didn’t think of that.
@robmausser
11 ай бұрын
Apparently the name branding will be like this: "Canada's Wonderland" and in smaller logo and lettering below "A Six Flags Park"
@BlizzardDaPup777
11 ай бұрын
As long as worlds of fun still gets an orient express 2 im ok with whatever.
@ryancurley2351
11 ай бұрын
Discovery Kingdom, California’s Great America, Valleyfair!, Great Escape, La Ronde, St. Louis and Michigan’s Adventure all gone in 10 years
@super256colors2
11 ай бұрын
I haven't been to either Discovery Kingdom or California's Great America in years, but I don't think this is good news for either park when real estate in the Bay Area is so expensive. I don't know what other US parks have height requirements, but that is holding back Discovery Kingdom significantly.
@life.with.sabine
11 ай бұрын
I wonder how consumer market authorities react to this merger
@rixrobin
11 ай бұрын
I feel like if they decided to go with the cedar fair name instead of six flags people would be alot more optimistic than they are. That was my initial gut reaction to but after looking at the details with the new six flags leadership being primarily cedar fair, cedar fair having the controlling number of shares, and the headquarters moving to charlotte (a former cedar fair park, I am much more optimistic that things will be operated like cedar fair.
@arjunski
11 ай бұрын
When I saw this video on I feed, I really thought it was April Fools all over again! It's actually crazy that the thing that we all joked about is happening FOR REAL!
@elongatedmusketgun9185
11 ай бұрын
As a business student, the purpose of a merger is for diversification or value chain advancements (which is a function of diversification). A merger provides the sharing of value chain activities. In simple terms, the operations a firm does which leads to a competitive edge. Sometimes that competitive edge can come from existing market share and even the processes of how a business organizes resources and splits up tasking. If I had to guess the wide variety of parks in the six flags portfolio allows cedar fair to expand into markets that they otherwise couldn’t do, and the value chain activities performed by cedar fair’s management was the upside for six flags. It could also be a move to consolidate resources so that they have more financial power to be innovative or the financial power to diversify into more markets. Small side note: While not always true, generally speaking a merger only occurs when both companies gain value out of the deal
@ScottCleve33
11 ай бұрын
I think the value that Cedar Fair is getting from this is foremost a source of revenue during what is normally for them the off season. Most of Cedar Fair parks are in cold weather locations and close down during the cold weather. This merger gives them a steady source of income in those months and helps their stock. Also in my personal opinion I do believe that Cedar Fair also did this to get a deal done and will eventually try to leverage to increase their 51 to 49 percent control. The benefit for Six Flags seems obvious. Stability and better run parks. However each park will still be run independently of the others for the most part. At least for day to day operations. They will still need to answer to corporate but the Cedar Fairs president can't run around and micro manage each an every park. I don't think we'll se a boat load of money pumped into these smaller and poorly run parks. The money will go to the parks that show a profit and are better run. The others may not remain for very long.
@krazydae
11 ай бұрын
Six flags is the escape goat of 2023 this is so interesting😆
@jamesm7517
11 ай бұрын
That was a fantastic breakdown of the merger. I am going to stay hopeful as it's Cedar Fairs executive team at the top and Six Flags is the secondary executive team. Keeping Charlotte and Sandusky seems to me that Cedar Fair is in charge. I hate to say this but using the Six Flags branding makes perfect sense as the GP really don't know Cedar Fair. I get that this will need approval, but it seems like this will go through. Just look at Microsoft buying Activision. Unfortunately the economy is heading in a downward direction and if bad enough Six Flags would probably not make it on there own. They will need bigger beverage cups just to list all the parks.
@5higuy
11 ай бұрын
I mean the gp still calls great escape “six flags” so i think adding a teeny tiny “a six flags park” logo below the parks main logo will do
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