How much did Cedar Point pay for Kings Island?

In 1992, it was snatched up by Paramount Communications, Inc. for $400 million. And finally, on June 30, 2006, Kings Island and four other Paramount Parks were sold to Cedar Fair Entertainment Company for $1.25 billion.



Cedar Fair (the parent company of Cedar Point) acquired Kings Island as part of a massive $1.24 billion cash deal in 2006. The purchase was for the entire Paramount Parks division from CBS Corporation, which included not just Kings Island in Ohio, but also Canada’s Wonderland, Kings Dominion (Virginia), Carowinds (North Carolina), and Great America (California). While the price wasn't broken down by individual park, Kings Island was considered one of the "crown jewels" of the acquisition. This move turned Cedar Fair into a global theme park powerhouse, creating a regional rivalry between Cedar Point in Sandusky and Kings Island in Mason. Since the purchase, Cedar Fair has invested hundreds of millions into Kings Island, adding world-class record-breaking coasters like Orion and Mystic Timbers.

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In 1992, it was snatched up by Paramount Communications, Inc. for $400 million. And finally, on June 30, 2006, Kings Island and four other Paramount Parks were sold to Cedar Fair Entertainment Company for $1.25 billion.

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For the full year ended Dec. 31, 2020, net revenues totaled $182 million versus $1.47 billion for 2019.

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The average Kings Island hourly pay ranges from approximately $14 per hour for a Ride Operator to $24 per hour for a Food and Beverage. Kings Island employees rate the overall compensation and benefits package 3.8/5 stars.

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The Banshee represents a $24 million dollar investment by the park – the most expensive ride in Kings Island history.

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Kings Island owner Cedar Fair announces $8 billion merger with Six Flags. Cedar Fair owns 11 amusement parks including Cedar Point, Canada's Wonderland, Kings Island, Knott's Berry Farm and Michigan's Adventure. Six Flags currently has 27 parks.

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It opened in 1870 and is considered the second-oldest operating amusement park in the US behind Lake Compounce. Cedar Point, which is owned and operated by Cedar Fair, is the flagship of the company's amusement park chain.

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Kings Island eventually got its name after a public contest. The “Kings” came from the town where it was built, Kings Mills. The “Island” came from its predecessor, Coney Island.

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But by the 1970s, no one lived here year-round; most residents had moved to Nome, on the mainland. While several forces drove the migration, King Islanders say a main cause was the decision by the Bureau of Indian Affairs to close a school it ran on the island in the late 1950s.

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The 2022 Estimated Resident Population for King Island Council area is 1,675, with a population density of 1.53 persons per square km.

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