Actually I know that Disney was interested since they did make a bid but unfortunately the economy went bad so they dropped their bid. YES Cedar Fair tried to go with Apollo since they were in serious trouble, it had nothing to do with Kinzel. The companies that were interested in buying the Paramount Parks were Disney, Universal, Seaworld/Busch Gardens, Herschened, Six Flags, Merlin, and Parques Reunidos. I just wish that people could be more open minded about other companies owning KI and just use their imagination about what would KI look like under those companies! Is that too much to ask!?
You've got to cool it, KIFan1.
Realize that you don't have all the answers. None of us do. But some people here are much, much wiser and more well-versed in the industry than you or I. Given time and careful listening and a willingness to learn, you'll come to realize how silly some of this is.
Disney owns and operates, owns, or licenses its likeness to world-class, international-destination parks in leading global cities: Hong Kong, Shanghai, Tokyo, Paris, Los Angeles... Consider: do you really think that Disney considered - much less made an actual bid - for a chain of seasonal coaster thrill parks throughout the Midwest? Come on. Think about that. I'm sure you've heard from a friend of a friend whose cousin worked at Kings Island back then that Disney made an offer. You're being told now by those much wiser and more versed in the industry that it's not true. You don't have to believe it, but think about it.
Universal, as the Interpreter mentioned, was at the time owned by a company eager to unload non-core business assets. They didn't want their own parks, much less to acquire more.
Herschend couldn't have afforded the Paramount Parks... Not to buy them or to keep them running if they had. And you say Cedar Fair bit off more than it could chew, and you wish HERSCHEND FAMILY ENTERTAINMENT had bought the parks? Oh, my...
Six Flags was under massive debt. In 2004, they unloaded all of their European parks and Ohio's Worlds of Adventure (selling it at a MASSIVE loss... tens of millions of dollars less than what they'd spent on the park in the five years prior). They next years, they closed or sold Six Flags AstroWorld, Frontier City and Whitewater Bay just to try to make some money to avoid bankruptcy as the company's stock plummeted. They sold an additional six parks in 2007... right about the time that you claim they made an offer to BUY Paramount Parks for a billion dollars! (By the way, Six Flags ended up filing for bankruptcy just two years later... And you think they were in a buying mood?!)
Anheuser-Busch, like Universal, was eager to let go of the theme parks in its portfolio, not take on more. It was a time when companies were unloading their non-core assets. CBS / Paramount / Viacom was a production company. Even if the parks were nice, they were not part of their core business. Owning parks did not benefit their production company or studios. Same with Anheuser-Busch, whose business was beer. As nice as the parks were, they were NOT part of the core business, so they were to be unloaded.
The point is that, to those of us who have been around / been in the industry / were here on Kings Island message boards before, during, and after the Paramount Parks sale, it sounds really silly for you to say, "The following companies were interested in buying the Paramount Parks:" then proceed to list every amusement park operator you can think of. No matter what you've heard from friends or what you've told your friends so many times it seems true, there are actual facts to consider, and people who actually have memories of that time.
Similarly, some of us were around during the Apollo debacle. Some of us here are privy to the inside information, and have an intimate understanding of the ins-and-outs of that transaction. It's alright that you don't. I don't either. But trust the folks who do before you decide you know all of the information and go around spouting it. Your friends might blindly go, "Wow! I didn't know that!" But here, you're among folks who actually know their stuff. Herschend buying the Paramount Parks?
Just... relax. You don't have to pretend to be an insider.
We've all got a lot to learn. Sit back, relax, read, search, think, and ask questions.
It's fun to imagine what a Disney's Kings Island could / could've looked like. It's another for you to tell us matter-of-factly that Disney made an offer to buy some roller coaster thrill park in Ohio. It's just not true. Sorry.
Actually I know that Disney was interested since they did make a bid but unfortunately the economy went bad so they dropped their bid. YES Cedar Fair tried to go with Apollo since they were in serious trouble, it had nothing to do with Kinzel. The companies that were interested in buying the Paramount Parks were Disney, Universal, Seaworld/Busch Gardens, Herschened, Six Flags, Merlin, and Parques Reunidos. I just wish that people could be more open minded about other companies owning KI and just use their imagination about what would KI look like under those companies! Is that too much to ask!?
You've got to cool it, KIFan1.
Realize that you don't have all the answers. None of us do. But some people here are much, much wiser and more well-versed in the industry than you or I. Given time and careful listening and a willingness to learn, you'll come to realize how silly some of this is.
Disney owns and operates, owns, or licenses its likeness to world-class, international-destination parks in leading global cities: Hong Kong, Shanghai, Tokyo, Paris, Los Angeles... Consider: do you really think that Disney considered - much less made an actual bid - for a chain of seasonal coaster thrill parks throughout the Midwest? Come on. Think about that. I'm sure you've heard from a friend of a friend whose cousin worked at Kings Island back then that Disney made an offer. You're being told now by those much wiser and more versed in the industry that it's not true. You don't have to believe it, but think about it.
Universal, as the Interpreter mentioned, was at the time owned by a company eager to unload non-core business assets. They didn't want their own parks, much less to acquire more.
Herschend couldn't have afforded the Paramount Parks... Not to buy them or to keep them running if they had. And you say Cedar Fair bit off more than it could chew, and you wish HERSCHEND FAMILY ENTERTAINMENT had bought the parks? Oh, my...
Six Flags was under massive debt. In 2004, they unloaded all of their European parks and Ohio's Worlds of Adventure (selling it at a MASSIVE loss... tens of millions of dollars less than what they'd spent on the park in the five years prior). They next years, they closed or sold Six Flags AstroWorld, Frontier City and Whitewater Bay just to try to make some money to avoid bankruptcy as the company's stock plummeted. They sold an additional six parks in 2007... right about the time that you claim they made an offer to BUY Paramount Parks for a billion dollars! (By the way, Six Flags ended up filing for bankruptcy just two years later... And you think they were in a buying mood?!)
Anheuser-Busch, like Universal, was eager to let go of the theme parks in its portfolio, not take on more. It was a time when companies were unloading their non-core assets. CBS / Paramount / Viacom was a production company. Even if the parks were nice, they were not part of their core business. Owning parks did not benefit their production company or studios. Same with Anheuser-Busch, whose business was beer. As nice as the parks were, they were NOT part of the core business, so they were to be unloaded.
The point is that, to those of us who have been around / been in the industry / were here on Kings Island message boards before, during, and after the Paramount Parks sale, it sounds really silly for you to say, "The following companies were interested in buying the Paramount Parks:" then proceed to list every amusement park operator you can think of. No matter what you've heard from friends or what you've told your friends so many times it seems true, there are actual facts to consider, and people who actually have memories of that time.
Similarly, some of us were around during the Apollo debacle. Some of us here are privy to the inside information, and have an intimate understanding of the ins-and-outs of that transaction. It's alright that you don't. I don't either. But trust the folks who do before you decide you know all of the information and go around spouting it. Your friends might blindly go, "Wow! I didn't know that!" But here, you're among folks who actually know their stuff. Herschend buying the Paramount Parks?
Just... relax. You don't have to pretend to be an insider.
We've all got a lot to learn. Sit back, relax, read, search, think, and ask questions.
It's fun to imagine what a Disney's Kings Island could / could've looked like. It's another for you to tell us matter-of-factly that Disney made an offer to buy some roller coaster thrill park in Ohio. It's just not true. Sorry.
I'm good. I just get upset when I ask people to use their imaginations on other companies owning KI and they just try to make me look stupid. You showed a more informative way so I like your response. It's just others where it looks like their making fun if me. (I've been bullied before and I often take things they wrong way. So I apologize to everyone for my attitude.)