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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After receiving interest from several potential suitors, CBS announced the sale of Paramount Parks to Cedar Fair on June 30, 2006, for $1.24 billion. The acquisition of Kings Island gave Cedar Fair, who had recently acquired Geauga Lake from Six Flags in 2004, ownership of all three major amusement parks in Ohio.
On May 22, 2006, Cedar Fair announced the purchase of all five Paramount Parks. The sale was finalized on June 30, 2006, for $1.24 billion. The park continued to operate as Paramount's Kings Dominion until the beginning of the 2007 season when Paramount was dropped from the title.
Grand Carousel Family Ride at Kings IslandKings Island's magnificent carousel was manufactured by the Philadelphia Toboggan Company, Philadelphia, Pa., in 1926 and is the oldest ride in the park. It is one of approximately 90 carousels built by the company from 1904 to 1934.
After more than six months of re-tracking work, The Beast roller coaster is scheduled to re-open to Kings Island guests on Sunday. The Kings Island world-famous roller coaster, The Beast, will break its own record in 2022.
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.
The Hanna-Barbera characters remained in the park until 2006, when the children's' area of Hanna-Barbera Land was changed to Nickelodeon Universe. That same year, the Cedar Fair Entertainment Company, acquired Kings Island and the rest of Paramount's theme parks.
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.
In 1992, Paramount Communications Inc. (formerly Gulf+Western) purchased KECO along with Kings Island from American Financial in a deal worth $400 million.
Children/Teens - Notice to Parents & GuardiansIn addition to our chaperone policy, we strongly recommend that minors (under 18) be accompanied by an adult. The park does not assume any responsibility or liability for unattended minors.