DiamondbackFan
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Posts posted by DiamondbackFan
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https://finimize.com/content/activist-investors-shake-up-six-flags-entertainments-boardroom
QuoteWhat’s going on here?
Six Flags just granted a board seat to Sachem Head Capital Management, giving the activist investor more sway as the theme park operator copes with a share price that’s tumbled over 50% this year.
What does this mean?
Sachem Head Capital now controls almost 10% of Six Flags and has landed a role on the company’s nominating and governance committee, bolstering its influence over key decisions. The move lands amid a rough patch for Six Flags, with shares down 55% since January as bad weather dampened summer turnout. Another activist, Land & Buildings, which owns about 2%, is reviving calls for Six Flags to spin off its underlying real estate into a standalone investment trust—a proposal that’s been in the mix since late 2022. All this comes on the heels of a merger with Cedar Fair in 2024, making the company a bigger player in entertainment but also stirring up more scrutiny from hands-on investors.
Quote“Jonathan’s appointment advances the Board’s ongoing refreshment process and we are pleased to welcome him to the Board,” said Bassoul. “As an engaged shareholder with significant capital markets and transaction experience, Jonathan brings important perspectives that will be additive to our Board as the Company enters its next chapter of growth and value creation. Six Flags is a great business with tremendous upside, and I look forward to seeing its full value unlocked in the years ahead.”
“It is a privilege to join the Six Flags Board at such a pivotal moment for the Company, and we appreciate the constructive engagement we have had with the Board and management team,” said Brudnick. “We invested in Six Flags because we strongly believe in the potential of the business and that numerous pathways exist to addressing the Company’s current undervaluation. I look forward to working with my fellow directors to continue the important work underway to ensure Six Flags builds on its legacy as the premier amusement park company in North America.”
In connection with Brudnick’s appointment to the Six Flags Board, the Company has entered into a cooperation agreement with Sachem Head, pursuant to which Sachem Head has agreed to a customary standstill, voting and confidentiality commitments, among other provisions. Details of the cooperation agreement will be filed on a Form 8-K with the U.S. Securities and Exchange Commission.
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On 10/4/2025 at 7:23 PM, disco2000 said:
They probably couldn't find a buyer for these parks that wanted to operate them and will sell them for the land value. Herschend had to buy all of the Palace parks as a package, now they are unloading the parks they don't want.
The Boomers parks in California, Castle Park, Raging Waters Los Angeles, and Wet 'n Wild Emerald Pointe were sold to Lucky Strike Entertainment.
The Cartoon Network Hotel is dropping the license and being remodeled and rebranded to Dutch Wonderland Inn.
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Activist investor, Land & Buildings, is pushing the company to sell off the land under the parks again. They sent out a letter to shareholders today.
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20 minutes ago, Losantiville Mining Co. said:
Fiesta Texas is removing two slides, possibly for new ones in 2026.
Siebert has been teasing a big project for 2027. At Winterfest he said B&M was involved. I wouldn't be surprised to see a hyper coaster in this location going around the water park and out by the parking lot.
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From the FT92 Fan Event at Fiesta Texas:
New "signature attraction" coming to Schlitterbahn New Braunfels in 2026
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2 hours ago, Captain Nemo said:
Unfortunately I don’t see a way out of this without someone at the top floor at Six Flags choosing to sell more parks.It sounds like that is part of the plan.
Non core parks they own: Six Flags St. Louis, Six Flags Discovery Kingdom, Six Flags Great Escape, Valleyfair, Worlds of Fun, Michigan's Adventure, Schlitterbahn New Braunfels.
La Ronde is a ground lease and Six Flags could sell all of the rides and operating rights there.
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Ride Entertainment Systems Inc was on the last notice of commencement and they work with Lagotronics Projects.
https://ohwarren.fidlar.com/OHWarren/AvaWeb/#/image
https://www.lagotronicsprojects.com/en
https://rideentertainment.com/lagotronics/-
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11 hours ago, disco2000 said:
Maybe KD won't be part of their portfolio next year
They are selling off the unused land around the park, but Kings Dominion isn't going anywhere. The non core parks that could be sold are properties they own that are not one of the 15 largest parks.
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You can take the Canada's Wonderland 2026 project off the board.
Six Flags 2026 capex is being reduced to $400 million. On the earning call, Zimmerman hinted at this project being delayed or cancelled because they don't think they have gotten the full benefit from the 2025 capex yet. Canada's Wonderland attendance is way up since AlpenFury opened and the coaster is a massive success.
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Valleyfair
New waterpark adventures are coming to #Valleyfair in 2026.We're also celebrating our 50th anniversary.With that in mind, a portion of #SoakCity will close after August 10 to begin construction. Visit before then to ride these favorites one last time:Hurricane FallsPanic Falls Body & Speed SlidesRipple RapidsSplash StationThe rest of Soak City will remain open through Labor Day.-
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Six Flags Mexico is getting Speedway Stunt Coaster for 2026.
https://www.instagram.com/reel/DM8fNGtJ7_r
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More coaster removals coming soon?
https://www.sixflags.com/greatamerica
The sale says 280 coasters, but RCDB lists 294 operating coasters at SFEC (SBNO and Under Construction are not in the count)
294 coasters
-9 coasters at SFA = 285 coasters
+4 2026 additions (SFNE, SFMM, SFM, SFOT) = 289 coasters
+1 Pantherian at KD = 290 coasters
+1 Montezooma's Revenge - The Forbidden Fortress at Knott's = 291 coasters
+2 SBNO coasters that could reopen (Timberwolf at WOF, Flash V2 at SFDK) = 293 coasters-
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8 minutes ago, Hawaiian Coasters 325 said:
I feel like we won't see new ride announcements until sometime around the quarterly conference call in August and they'll probably just roll them out in a press release at once.
The earnings call is Wednesday.
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1 hour ago, Diamondback_Is_King said:
I wouldn't be surprised if we got an announcement in late August early September.
The press release for all of the new additions was Thursday August 15th last year. I wouldn't be surprised if they put out the press release on Thursday August 14th this year.
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It is being sold for redevelopment. Better info in this video.
Here is the property listing:
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From the ParkFans.net bluesky account:
https://bsky.app/profile/parkfans.net/post/3ltzgtpopsc2rQuoteSCOOP: Legacy Six Flags-style haunted house upcharges appear to be on their way to a number of legacy Cedar Fair parks this year. At minimum we have seen solid upcharge plans evidence for #CanadasWonderland, #Carowinds #KingsDominion, and #WorldsOfFun.
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Additionally, we have seen evidence that The Conjuring Universe IP is coming to at least a couple legacy Cedar Fair parks—namely we've seen evidence for The Conjuring at #CanadasWonderland and #Carowinds with an attraction called "The Conjuring: Beyond Fear."-
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1 hour ago, Losantiville Mining Co. said:
Do you have the link to see that trademark filing? I'd be interested to see if there's any more info for it and other of the Millennium Operations filings.
You can search by owner on this site:
https://tmsearch.uspto.gov/search/search-information
If I post a direct link to the trademark, it will expire after awhile.
42 minutes ago, Losantiville Mining Co. said:How much of Carousel Park and Celebration Plaza do you think a Timber Hallow area would take up? I really enjoy the vibe of Carousel Park whenever I go. This could be the stretch of path between Starbucks and the Carowinds Theater that includes the tunnel, but it would be a mini-land like Adventure Port and Camp Snoopy at Kings Island.
I think it will just be a new area of the park. There is a new path going from the former Scrambler location to Fury 325 and a new restaurant in the plans.
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New trademark filing for Superior Shores Waterpark on July 14th by Millennium Operations LLC. Sounds like a possible rebrand of Soak City at Valleyfair.
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10 hours ago, SonofBaconator said:
From the looks of it, the ride doesn’t look too complicated but then again I’m not a roller coaster engineer.
I do hope that these delayed openings don’t become a trend. I remember when rides like Diamondback, Banshee, and Mystic Timbers all opened on time, (Orion was a victim of the pandemic), and it showed the chain’s commitment to working with manufacturers who could guarantee that their rides would be up and running opening weekend. I understand that some delays are unavoidable- I remember when Banshee went down for about an hour or so on opening day 2014.
If I am a business and I am investing millions of dollars into an asset, I want that asset to be ready to go so I can get people through the gate..
I really hope that these delayed openings are just fallout from the old Six Flags as well as the merger itself. I’m hoping that the new merged chain will set a standard for what they expect out of their vendors and drop those who underperform.
Intamin issued a recall after an issue was found with a similar ride operated by United Parks. Not much Six Flags could do to prevent this delay.
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Six Flags Mexico construction update:
https://www.youtube.com/watch?v=NGi9P-tLriw
Six Flags Mexico official announcement:
https://static.sixflags.com/website/files/sfmx_boomerang.pdf
Edit: Also, the play structure from Cedar Point's Forbidden Frontier was shipped down to Six Flags Mexico and will be part of the new family area.
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^ The Town Hall building in that area of the park is being converted into a haunted house for HalloWeekends.
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40 minutes ago, Diamondback_Is_King said:
If I'm correct, this new Vekoma model was presented last year. And from my understanding of this Screamscape article, Vekoma has just now listed their new "Suspended Dark Ride" on their website. According to the article, this is rumored for Dollywood's new ride.
Sources:
Screamscape is wrong. Dollywood is working with Mack Rides.
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Six Flags and Cedar Fair Merge
in Kings Island Central Newsroom
Posted
We might get a new CEO announcement soon.
https://finance.yahoo.com/news/jana-partners-provides-six-flags-131500178.html
"NEW YORK, Nov. 13, 2025 /PRNewswire/ -- JANA Partners LLC ("JANA"), which along with its partners collectively own an economic interest of approximately 9% in Six Flags Entertainment Corporation (NYSE: FUN) ("Six Flags" or the "Company"), today announced that Dave Habiger has de-grouped from the JANA-led investor group to enable him to pursue a complementary opportunity involving the Company."