Cedar Fair and Six Flags will merge to create a playtime powerhouse in North America

Source: Associated Press

Cedar Fair and Six Flags will merge to create a playtime powerhouse in North America

BY MICHELLE CHAPMAN
Updated 8:20 AM EDT, November 2, 2023

Cedar Fair and Six Flags are merging to create an expansive amusement park operator with operations spread across 17 U.S. states and three countries.

The combined company, worth more than $3.5 billion, will boast 27 amusement parks, 15 water parks and nine resort properties in the U.S., Canada, and Mexico. It will also have entertainment partnerships and a portfolio of intellectual property including Looney Tunes, DC Comics and Peanuts.

Amusement parks have seen an uptick in revenue but have struggled to raise attendance since the pandemic, even as other entertainment sectors have bounced back. A tie-up between two huge players is expected to at least lower costs.

Six Flags and Cedar Fair, which have little geographical overlap, anticipate $120 million in cost savings within two years of closing the deal.

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Read more: https://apnews.com/article/cedar-fair-six-flags-amusement-park-3c7cb2fcce6b3125385fdedb1539199c