Theme Parks

Cedar Fair Reports First Quarter 2024 Results

Retrieved on: 
Jeudi, mai 9, 2024
Retail, Theme Parks, General Entertainment, Lodging, Destinations, Travel, Teens, Men, Children, Restaurant, Bar, Specialty, Family, Vacation, Entertainment, Food, Beverage, Consumer, Cedar Fair, Corporation, Six Flags, Weather, Carowinds, LP, Depreciation, Hand, Kings Dominion, Partnership, Conference, Tax, Senior, Adjustment, Calendar, GAAP, Note, Video game

Operating days in the first quarter of 2024 totaled 117 compared with 161 operating days in the first quarter of 2023.

Key Points: 
  • Operating days in the first quarter of 2024 totaled 117 compared with 161 operating days in the first quarter of 2023.
  • Operating costs and expenses in the first quarter of 2024 increased $25 million compared with the first quarter last year.
  • Depreciation and amortization expense in the first quarter of 2024 totaled $10 million compared with $14 million in the first quarter of 2023.
  • Results for First Quarter 2024 vs. Three Months Ended April 2, 2023
    As previously noted, the results for the first quarter of 2024 included an additional calendar week as compared with the first quarter of 2023.

Six Flags Reports First Quarter 2024 Performance

Retrieved on: 
Jeudi, mai 9, 2024
Other Entertainment, General Entertainment, Theme Parks, Entertainment, Sale, Six Flags, Central Time, Registration statement, Security (finance), Easter, Form, Cedar Fair, Qiddiya, Register

Total revenue for first quarter 2024 decreased $9 million, or 6%, compared to first quarter 2023.

Key Points: 
  • Total revenue for first quarter 2024 decreased $9 million, or 6%, compared to first quarter 2023.
  • The company had a net loss of $83 million in first quarter 2024, compared to net loss of $70 million in first quarter 2023.
  • Cash operating costs(3) decreased by $1 million, or 1%, in first quarter 2024 versus first quarter 2023.
  • At 7:00 a.m. Central Time today, May 9, 2024, the company will host a conference call to discuss its first quarter 2024 financial performance.

Bob Iger, CEO of The Walt Disney Company, to Participate in MoffettNathanson’s Media, Internet & Communications Conference

Retrieved on: 
Mercredi, mai 8, 2024
Film & Motion Pictures, Licensing (Entertainment), Theme Parks, Entertainment, TV and Radio, The Walt Disney Company

Bob Iger, Chief Executive Officer, The Walt Disney Company (NYSE: DIS) will participate in a question-and-answer session at the MoffettNathanson Media and Communications Summit on Wednesday, May 15, 2024 at approximately 9:00 a.m. ET/ 6:00 a.m. PT.

Key Points: 
  • Bob Iger, Chief Executive Officer, The Walt Disney Company (NYSE: DIS) will participate in a question-and-answer session at the MoffettNathanson Media and Communications Summit on Wednesday, May 15, 2024 at approximately 9:00 a.m. ET/ 6:00 a.m. PT.
  • To stream live, please visit www.disney.com/investors .
  • A recording of the question-and-answer session will be archived on our website.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240508206497/en/

Herschend to Fund Host Tuition for BGSU Resort and Attraction Management Program

Retrieved on: 
Mardi, mai 7, 2024
Men, Professional Services, Family, General Entertainment, Consumer, Arts, Museums, Destinations, Tourist Attractions, Entertainment, Travel, Theme Parks, Training, University, Education, Women, Human Resources, Other Entertainment, Online, BGSU, Learning, GROW, RAAM, Love, Student, Employment, Bowling Green State University, Workforce, Multimedia, Guild, Nursing

View the full release here: https://www.businesswire.com/news/home/20240507485430/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240507485430/en/
    The industry-regarded BGSU RAAM degree program is asynchronous and entirely online, meaning learners can participate from anywhere and go at their own pace on their own schedule.
  • “The online BGSU RAAM program is a flexible and affordable option for working industry professionals looking to advance their careers,” said Dr. Swathi Ravichandran, professor and founding director of the program.
  • Herschend hosts pursuing the RAAM degree can use their current work experience to fulfill the program's two required co-op experiences.
  • Those interested in learning more about the BGSU RAAM program through Herschend GROW U., including application requirements, can visit BGSU.edu/herschend-grow-u .

Bowlero Reports Third Quarter Results for Fiscal Year 2024

Retrieved on: 
Lundi, mai 6, 2024
Theme Parks, Sports, Bowling, General Entertainment, Entertainment, Investment, Weather, Webcast, Water, EEOC, Acquisition, Event, Adjustment

Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, today provided financial results for the third quarter of the 2024 Fiscal Year, which ended on March 31, 2024.

Key Points: 
  • Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, today provided financial results for the third quarter of the 2024 Fiscal Year, which ended on March 31, 2024.
  • The Board of Directors declared a quarterly cash dividend of $0.055 per share of common stock for the fourth quarter of fiscal year 2024.
  • After completing three fiscal quarters, we now expect to be near the low end of our fiscal year 2024 Revenue and Adjusted EBITDA guidance.
  • The webcast and results presentation will be accessible at 10:00 AM ET on May 6, 2024 in the Events & Presentations section of the Bowlero Investor Relations website at https://ir.bowlerocorp.com/overview/default.aspx .

Six Flags Announces Closing of Offering of $850 Million of 6.625% Senior Secured Notes due 2032

Retrieved on: 
Jeudi, mai 2, 2024
Tourist Attractions, Theme Parks, Other Entertainment, Entertainment, Travel, Sale, SFTP, Plan, Water, Public expenditure, Senior, Cedar Fair, Regulation, Mergers and acquisitions, Person, Note

Pursuant to the Merger Agreement, Cedar Fair and Six Flags will each merge with and into HoldCo, with HoldCo continuing as the surviving entity.

Key Points: 
  • Pursuant to the Merger Agreement, Cedar Fair and Six Flags will each merge with and into HoldCo, with HoldCo continuing as the surviving entity.
  • This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security.
  • No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
  • Any offers of the Notes will be made only by means of a private offering memorandum.

Cedar Fair Announces Successful Closing of $1.0 Billion Term Loan B and $300 Million Revolving Credit Facility

Retrieved on: 
Mercredi, mai 1, 2024
Finance, Theme Parks, Professional Services, General Entertainment, Entertainment, Weil, Gotshal & Manges, Goldman Sachs, Chase Bank, JPMorgan Chase, National Association, Senior, Citizens Bank, Cedar Fair, Capital One, Wells Fargo, HSBC, Texas Capital Bank, Credit, Note, Bank

Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, today announced it has entered into new credit facilities (the “New Credit Facilities”), comprising of a 7-year $1.0 billion senior secured term loan B maturing in 2031 and a new $300 million revolving credit facility maturing in 2028.

Key Points: 
  • Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, today announced it has entered into new credit facilities (the “New Credit Facilities”), comprising of a 7-year $1.0 billion senior secured term loan B maturing in 2031 and a new $300 million revolving credit facility maturing in 2028.
  • The new revolving credit facility will replace Cedar Fair’s existing revolving credit facility.
  • “We are very pleased with the solid execution of the transaction and strong market demand for our term loan,” said Cedar Fair CFO Brian Witherow.
  • The interest rate for borrowings under the revolving credit facility will be Term SOFR or Term CORRA plus a margin of 2.00% per annum.

Comcast to Participate in MoffettNathanson Investor Conference

Retrieved on: 
Mardi, avril 30, 2024
Theme Parks, Mobile, Wireless, Entertainment, Internet, Technology, General Entertainment, Other Communications, TV and Radio, Public Relations, Investor Relations, Audio, Video, Communications, Telecommunications, Alert messaging, Conference, Comcast

Comcast Corporation (Nasdaq: CMCSA) announced that on Tuesday, May 14, 2024, Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, will participate in the MoffettNathanson Media, Internet and Communications Conference.

Key Points: 
  • Comcast Corporation (Nasdaq: CMCSA) announced that on Tuesday, May 14, 2024, Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, will participate in the MoffettNathanson Media, Internet and Communications Conference.
  • A live webcast of the event will be available on the Company's Investor Relations website at www.cmcsa.com on Tuesday, May 14, 2024, at 8:00 A.M. Eastern Time.
  • An on-demand replay will be available shortly after the conclusion of the presentation.
  • To automatically receive Comcast financial news by e-mail, please visit www.cmcsa.com and subscribe to E-mail Alerts.

ZCG-Backed VENU+ Acquires Leading Experiential Photography Solutions Business NXT Capture

Retrieved on: 
Mardi, avril 30, 2024
Hardware, Retail, Theme Parks, Security, Photography, Tourist Attractions, Technology, Audio, Video, Destinations, Travel, Other Entertainment, Other Retail, Other Technology, Arts, Museums, Vacation, Entertainment, IAAPA, Amusement park, International Association, NXT, Capital Group Companies, Multimedia, Nightclub

VENU+ (or the “Company”), the leading global provider of guest mobility, storage, and entertainment solutions for high-traffic retail, leisure, and amusement venues, today announced it has acquired NXT Capture, an experiential photography solutions business operating in high-traffic tourist destinations.

Key Points: 
  • VENU+ (or the “Company”), the leading global provider of guest mobility, storage, and entertainment solutions for high-traffic retail, leisure, and amusement venues, today announced it has acquired NXT Capture, an experiential photography solutions business operating in high-traffic tourist destinations.
  • View the full release here: https://www.businesswire.com/news/home/20240429780382/en/
    Founded in Orlando, Florida in 2016, NXT Capture provides photo and video capture solutions and services to theme parks, aquariums, and museums globally.
  • NXT Capture has won multiple awards from the International Association of Amusement Parks and Attractions (IAAPA) for its industry-leading technology.
  • The transaction presents a significant cross-selling opportunity to grow NXT Capture’s photo and video capture solutions across the Company’s global customer base.