Who owns King Island?

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. Cedar Fair, the parent company of Cedar Point and Kings Island, will merge with Six Flags, the company announced Thursday morning.



King Island, located in the Bass Strait between Victoria and Tasmania, is an integral part of the State of Tasmania, Australia. It is not "owned" by a single individual but is a high-fidelity municipal region governed by the King Island Council. The land itself is a mix of high-fidelity public "Crown Land" and private property owned by local farmers, residents, and businesses. In 2026, the island is world-famous for its high-fidelity "King Island Dairy" products and premium beef, which are produced by local cooperatives and private landowners. From a high-fidelity administrative perspective, the island falls under the Australian federal and Tasmanian state jurisdictions. For 2026 travelers, the island is a high-value "High-Fidelity" gourmet destination where the community-owned spirit is palpable. While some specific large parcels of land or high-fidelity "Destination Golf Courses" (like Cape Wickham) are owned by private investment groups, the sovereignty and high-fidelity management of the island remain firmly with the people of Tasmania and the Australian government.

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And finally, on June 30, 2006, Kings Island and four other Paramount Parks were sold to Cedar Fair Entertainment Company for $1.25 billion. “In my mind and my heart, I always thought it was going to be us operating it forever,” Speigel said of the original management.

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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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Net revenues for 2021 totaled $1.34 billion compared with $1.47 billion for 2019, driven by: Attendance that approximated 70% of 2019 levels (85% on a comparable operating day basis) (1);

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It proved a good place to ride out a pandemic. King Island did not record a COVID-19 case among its population of fewer than 2,000 people until January 2022.

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Cedar Fair purchased Kings Island and four other Paramount Parks in 2006 for $1.25 billion.

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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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The amusement park's name represented its historical roots and its future. “Kings” for the location of the park near Kings Mills, Ohio, and “Island” in reference to the company's Coney Island roots. It would not be until October 14, 1970 that the name would become official.

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Wynne, Jr. in 1961, upon the opening of Six Flags Over Texas. Six Flags Theme Parks is a fully-owned subsidiary of Six Flags Entertainment Corporation (formerly Premier Parks), who purchased the company from Time Warner in 1998.

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These celebrities worked at Kings Island before becoming famous
  • Woody Harrelson, who acted on the “Cheers” TV series, is one of those people. ...
  • Susan Perkins, 1978 Miss America: Worked at the park as a live show performer. ...
  • Dan Patrick, TV/radio sports host: Was an actor on the train in 1972.


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