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It's official - CF to buy Paramount Parks.


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From the Dayton daily news reporter question during the conference call

The nickelodeon contract will be passed down from the previous owner to Cedar Fair

The paramount teeming would be reevaluated as they take over the parks

The season tickets will be considered, but currently all the CF parks accept season passes from other CF parks

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YES!!!!

I can't say how excited I am about this!  OMFG

Expect things to start improving ALOT.  But don't expect any new rides just yet...  It will take a few years for them to bring the park back up to a decent state from where it is now.

Decent state? PKI already is at a decent state. If it wasn't, then why did more people visit PKI than CP?

Go jump in a lake, you have no idea what you are talking about.

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No, you dont know what you are talking about... You are by far one of the top people that ***** and moan about how terrible the park is - i would rather debate Kings Island with wooferbear any day of the week - you are so close minded when it comes to anything paramount or Kings Island....

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I am baffled by all the "CF will start changing/improving things" posts.

Bottom line, Paramount Parks are profitable, and run very well. Cedar Fair was interested in them because they are desirable business to aquire.

I don't expect them to drastically change things. Except probably removing upper level management, and dropping some licensing rights, the parks will likely remain in-tact.

After all, they're not broke, so why try and fix them?

Shaggy

OH, but they are broke my friend!!! How can you say that when we only have 2 shows this year?!?! I bet we will see some huge coasters in the next few years!

-adam12

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No, you dont know what you are talking about... You are by far one of the top people that ***** and moan about how terrible the park is - i would rather debate Kings Island with wooferbear any day of the week - you are so close minded when it comes to anything paramount or Kings Island....

Yeah, at least Wooferbear has some idea of what he's talking about (even though some of his arguments make no sense). I am yet to see one argument from you as to why you hate the park. At least Wooferbear says why.

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No, you dont know what you are talking about... You are by far one of the top people that ***** and moan about how terrible the park is - i would rather debate Kings Island with wooferbear any day of the week - you are so close minded when it comes to anything paramount or Kings Island....

No, just Paramount... Thanks for asking.

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No, you dont know what you are talking about... You are by far one of the top people that ***** and moan about how terrible the park is - i would rather debate Kings Island with wooferbear any day of the week - you are so close minded when it comes to anything paramount or Kings Island....

Yeah, at least Wooferbear has some idea of what he's talking about (even though some of his arguments make no sense). I am yet to see one argument from you as to why you hate the park. At least Wooferbear says why.

Oh, I said why... You should look through my posts, I don't have the time to sort through them. I get tired of repeating myself, I should get them all together and keep reposting them when someone like you forgets.

Thanks much,

adam12

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The park needs a lot of cleaning up right now. The park is really dirty and run down - compared to how immaculately clean Cedar Point and Holiday World are. I would even venture to say that Six Flags Kentucky Kingdom might be in better shape this year than PKI. ph34r.gif

I am not looking for Cedar Fair to start adding awesome rides right now - just to make Kings Island a really great park again. And hopefully they will add some more high thrill rides within the next ten years. I don't see why they wouldn't. I mean Worlds of Fun just got Patriot last year...

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Decent state? PKI already is at a decent state. If it wasn't, then why did more people visit PKI than CP?

Because KI is only 20 miles north of Cincy, whereas CP is 118 miles from Detroit and 61 miles from Cleveland. Given the health (or lack thereof) of both cities it is not surprising that KI had more visitors than CP.

Chances are most of the visitors to PKI are from the local Cicy area.

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Oh, and I think Wild Thing (a coaster at a Cedar Fair park) basically falling apart to pieces is a sign...

Actually, the same thing happened to SteelDragon 2000 over in Japan. The problem: Morgan coasters chucking wheels. Nothing to do with the owner. Morgan just needs to fix their design is all...

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-They intend to keep all 5 Paramount Parks operational

-After this, it is unlikely that they will purchase any of the Six Flags parks that are for sale

-The Nickelodeon license extends for 3 more years and they have the option to extend it to the existing Cedar Fair parks

-Management issues for the individual parks have yet to be addressed (or at least made public...)

-Paramount contracts are being reviewed in regards to the movie and television licensing. No word yet on whether they will have to retheme or not.

-The Star Trek Experience in Las Vegas is included in the deal

-There are 939 acres of undeveloped land between the Paramount Parks that can be used for expansion (80 acres at Canada's Wonderland and several hundred at Kings Island; no specifics given on the other 3 parks)

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I agree any park (KI or CP) can use some improvements. But, KI is well run. I think CP would have to be nuts not to extend the Nick license after the 4 years runs out. I would not be suprised is they add to that license their other parks as well. I like Snoopy, but if you want to capture today's kids and make a butt load of money at the same time you need Nick. Also, I know CF spends a lot of money on CP but, they don't spend that same type of capital at the rest of their parks, including Knott's. So, everyone think that they are just dropping 20 and 30 million dollars rides all over their parks is wrong, only CP gets that treatment. I just hope they give KI and CW the same type of capital as CP, they deserve it (since their attendence is as good or better.)

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No, you dont know what you are talking about... You are by far one of the top people that ***** and moan about how terrible the park is - i would rather debate Kings Island with wooferbear any day of the week - you are so close minded when it comes to anything paramount or Kings Island....

Is that a complement? <G>

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Yeah, at least Wooferbear has some idea of what he's talking about (even though some of his arguments make no sense). I am yet to see one argument from you as to why you hate the park. At least Wooferbear says why.

UncleHenry

I just have to learn ya right.

You Yankees are just pig headed and all.

I have confidence you'll come around though.

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It was several times noted that Cedar Point is the engine of Cedar Fair.

I don't see anything that will change that.

Yes, it was noted several times that PKI and PCWo both have over 3 million patrons a year. Still, it was also noted that individual markets dictate what goes in the parks, and that the family direction at PKI is successful. Also, that no major investments are on the books for 2007 at the PP for whichCF would be on the hook.

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I know this might seem dumb but the biggest thing I am worried about is Fearfest! If they'll downgrade it or make it better? I see Fearfest actually not changing at all from last year... then maybe CF will start to improve it so that it is comparible to Knott's Scary Farm! I am so NERVOUS for KI right now! -Hauntguy

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If I heard them right, they said their was nothing coming to the PP with a price tag of $22 million like Ghostrider. You can still get a very good coaster for $15 million or less. Also, does anyone know why Ghostrider had such a high price take. Was it because it went over a public road that increase the cost?

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"OH, but they are broke my friend!!! How can you say that when we only have 2 shows this year?!?! I bet we will see some huge coasters in the next few years!"

How can I say that? Well, the parks all made a profit last year. Actually PCW rose to be the highest attended seasonal theme park last season.

You are using an enthusiast mindset. By broke you think "they don't have a 300 foot coaster" or "their shows suck." That is not a business sensibility.

I personally think the days of mega coasters are essentially at a standstill. CF and SF have all seen a decline in attendance of late even in years with large installs. So I don't expect a coaster of Millenium Force proportions at PKI any time soon.

PKI attendance is already far exceededing predictions for the season, and they simply added what many around here refer to as "carnie rides." They have constantly seen growth in years where they re-branded areas or attractions with a family friendly focus. CF has not. CF continually follows the trend of investing in mega installs that require years of revenue to compensate.

When a company such as CF buys controlling interest in another highly successful chain, that means they are interested in not only the product that the park is offering, but their overall ability to succeed in a market. They want to expand their interest in the industry by investing in properties that have proven themselves successful and have a good game plan. They don't always plan on overhauling the new properties, sometimes they actually are interested in investing in order to use their proven methods within their own corporate structure. It's a blending of the two, not an abandonment of one.

The interest that CF has in the Paramount Chain makes perfect sense to me. It is the opposite situation from the Geauga Lake turnover.

Shaggy

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