Is Kings Island still owned by Paramount?

In the last 50 years, the park has been owned by Taft Broadcasting, Kings Entertainment Co., American Financial Corp., Paramount Communications, and Cedar Fair, the current owners. Cedar Fair purchased Kings Island in 2006 for a reported $1.24 billion.



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After 14 years of operation under Paramount, Cedar Fair began removing the Paramount name and logo from the parks in January 2007.

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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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In 1987, Viacom was acquired by theater operator company National Amusements. Meanwhile, Paramount Pictures was acquired by Gulf and Western Industries in 1966, which then re-branded itself as Paramount Communications in 1989. Viacom then purchased Paramount Communications in 1994.

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Snider, Mr. Geffen and Mr. Spielberg chose to leave after clashing for years with Paramount's chairman Brad Grey and his staff over management authority and public credit for DreamWorks projects. Under an arrangement with DreamWorks Animation Studios, the new company is expected to use the DreamWorks name.

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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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In the last 50 years, the park has been owned by Taft Broadcasting, Kings Entertainment Co., American Financial Corp., Paramount Communications, and Cedar Fair, the current owners. Cedar Fair purchased Kings Island in 2006 for a reported $1.24 billion.

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Owned and operated by Cedar Fair, the park was built by Taft Broadcasting and opened in 1972. It was part of a larger effort to move and expand Coney Island, a popular resort destination along the banks of the Ohio River that was prone to frequent flooding.

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