What was Six Flags sued for?

The shareholder case alleges that Six Flags misled investors in 2018 and 2019 about the company's progress on an ambitious plan to expand its international footprint with the construction of as many as 20 new theme parks in China. By early 2020, the plan was in tatters.



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Theme park operator Six Flags has agreed to pay $36 million to settle a class-action lawsuit over its acquisition of the fingerprint data of visitors to its theme parks.

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In 1995, in an effort to reduce its debt load, Time Warner sold 51% of Six Flags for $200 million in cash to an investment group led by Boston Ventures, shifting $800 million in debt to Six Flags.

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Since the first Six Flags park opened in 1961, there have been sixty-one deaths at amusement and water parks that were or are currently owned by the franchise.

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Disney and Universal might be the biggest Hollywood names in the theme park business, but Warner Bros. maintains a huge presence in themed entertainment worldwide, as well. Universal licenses Harry Potter from Warner Bros., while Six Flags owns the rights to Warner Bros. ' DC Comics and Looney Tunes characters.

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Total revenue for the full year decreased by $139m compared to 2021. Again, this was due to lower attendance, driven by higher prices, the removal of free tickets, and fewer discounts. Six Flags had a net income of $109m in 2022, compared to $130m in the prior year.

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Six Flags CEO Selim Bassoul made some eyebrow-raising comments about his own parks in a call with investors last week, saying they had become a cheap daycare center for teenagers. The company revealed on August 11 that attendance through July of this year is down 35% vs. 2019.

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The company had a net loss of $70 million in first quarter 2023, compared to a net loss of $66 million in first quarter 2022. The loss per share was $0.84 compared to a loss per share of $0.76 in first quarter 2022, driven by higher operating costs partially offset by an increase in revenue.

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Inside the abandoned Six Flags New Orleans park But besides being used for a few movies like 'Jurassic World,' the gates have been shuttered since August 21, 2005 – eight days before Hurricane Katrina hit Louisiana.

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8 Things That Will Get You Banned From Six Flags
  1. Don't ask if you can take other people's children on rides. ...
  2. Don't have “offensive” tattoos. ...
  3. Don't wear “offensive” t-shirts. ...
  4. Don't be Marilyn Manson. ...
  5. Don't be a member of the band All Time Low. ...
  6. In fact, don't be a heavy metal band at all. ...
  7. Don't beat up the characters.


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Six Flags has historically relied on debt financing to invest in capital projects like new rides at its properties, and the cash flow constraints during the pandemic made its leverage more severe.

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A Storm Ends the Fun for Six Flags In 1992, Hurricane Andrew pummeled South Florida and the water park closed for good. Efforts to relocate the park to other areas in Florida failed as well. These days, Six Flags fans living in Florida have to drive north to Georgia to find the nearest park.

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