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Six Flags / Cedar Fair Merger Announced

Aaron Smith said:
I hope they don't go anywhere. I got the upgrade to Diamond Elite VIP after the 2020 season and I do not want to give up those benefits. Personally, I see them phasing them out eventually.
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I'm quite interested in the difference between the two. I think you get premium parking instead of standard. Maybe some flashpass discounts too?

I was blown away with what we got with my pass. The unlimited drink thing was a surprise to me. Besides the obvious intentional lack of consideration for visitors and their time from ride ops, my visits were quite pleasant. But man, some of those ops just seem to enjoy making 36 people wait on them.

The food service was abysmal and archaic. 30 mins for chicken strips with 4 peope in front of you? Unacceptable.
 
^^ press release on the Six Flags site;

Six Flags Announces CEO Succession Plan

Richard A. Zimmerman to Step Down as Six Flags CEO by the End of 2025; Will Continue to Serve as CEO Until a Successor is Appointed Board Commences Search to Identify the Company’s Next CEO Six Flags Entertainment Corporation (NYSE: FUN) (“Six Flags” or the “Company”), the largest regional...
investors.sixflags.com investors.sixflags.com
 
Plenty of talk about “growth… creating value… cost synergies “ but not a single mention of guest experience. Just corporate speak, or an admission about Zimmerman’s priorities?
 
^ Well, I've bought £100 worth of Six Flags shares :)

...as for the annual pass, it's ludicrous that that is going to give me better value for money than my recently cancelled Merlin pass
 
TPoseOnTantrum said:
FUN morning
View attachment 39023
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That drop was brought about due to Six Flags Entertainment reporting a net loss of nearly $100 million for the second quarter, a sharp contrast to a profit of $55 million a year earlier. The company attributes the drop to a 9% decrease in attendance, with 1.4 million fewer visitors, as well as adverse weather conditions. Six Flags is considering selling nonessential assets to mitigate the impact.
 
Six Flags Announces Corporate Governance Changes
October 10, 2025

  • Executive Chairman Selim Bassoul and Lead Independent Director Daniel J. Hanrahan to step down at year end
  • Marilyn Spiegel elected non-executive Chair of the Board of Directors, effective January 1, 2026
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Source ;
https://investors.sixflags.com/news...ces-Corporate-Governance-Changes/default.aspx

Also interesting;
After stepping down from the Board, Bassoul will serve as a consultant to the Company to facilitate the ongoing development and completion of Six Flags Qiddiya City in Saudi Arabia, which is expected to open during the first half of 2026
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Just my two cents: It wouldn’t surprise me if JANA pushed for Six Flags to be sold to private investors or private equity. Unlocking the full potential of the parks and chain likely requires a few years of underwhelming financial performance... something that doesn’t sit well with a publicly traded company. But private investors with a long-term view and an appetite for potentially massive upside might be willing to ride that out.

I don’t have a significant financial stake in Six Flags (I mostly hold it to stay informed on company updates), but I do believe the chain could become highly profitable if its parks operated closer to the standards of Herschend.
 
Six Flags Announces John Reilly as New CEO

“Mr. Reilly brings more than three decades of in-depth experience in the amusement and recreation industry, with significant operational management and strategic growth expertise. He most recently served as Chief Executive Officer of Palace Entertainment U.S. and Group Chief Operating Officer at Parques Reunidos, where he was instrumental in improving guest satisfaction while driving margin expansion across the company’s properties in the U.S., Australia and Europe. Prior to Parques Reunidos, he served as interim Chief Executive Officer and Chief Operating Officer at SeaWorld Parks and Entertainment, where he helped deliver meaningful EBITDA growth and total shareholder returns.”
 
RcTmix said:
Six Flags Announces John Reilly as New CEO

“Mr. Reilly brings more than three decades of in-depth experience in the amusement and recreation industry, with significant operational management and strategic growth expertise. He most recently served as Chief Executive Officer of Palace Entertainment U.S. and Group Chief Operating Officer at Parques Reunidos, where he was instrumental in improving guest satisfaction while driving margin expansion across the company’s properties in the U.S., Australia and Europe. Prior to Parques Reunidos, he served as interim Chief Executive Officer and Chief Operating Officer at SeaWorld Parks and Entertainment, where he helped deliver meaningful EBITDA growth and total shareholder returns.”
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I'm glad they have a park person in charge and not a financial penny-pincher in charge.
 
bratcurry said:
Looking at PR's history, he seems to be exactly that. All PR parks are running on fumes.
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I mean a theme park person with experience. Some people were worried it was going to be a Jim Reid Anderson person who was a Financial Business person and not a theme park person.
 
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