Sign in or Join the Community!

Robert Niles

Time Warner sells theme parks... again

Published: May 29, 2006 at 9:10 PM

Time Warner got out of the U.S. theme park business a decade ago, when it sold the Six Flags chain of amusement parks to Premier Parks of Oklahoma City. (Premier adopted the Six Flags name for its company, but lost control of the business when its management was ousted recently by shareholders led by Dan Shapiro.) But Time Warner's remained in the theme park business outside of the United States, holding stakes in several parks, including the Warner Bros Movie World chain.

Well, at least it did. Now comes word from Australia that the company has sold its share in Queensland's Warner Bros Movie World and Sea World Gold Coast to partner Village Roadshow, also a movie company.

Village Roadshow bought out Time Warner for $254 million (about $193 million US). As part of the deal, Village gets a long-term licensing deal with Time Warner allowing it to develop Warner Bros theme parks in Asia.

  • More coverage.
  • Replies (0)

    This article has been archived and is no longer accepting comments.

    Previous article: Universal reveals details on Islands of Adventure's new Seuss Sky Ride

    Most Popular U.S. Theme Parks

    Walt Disney World's Magic Kingdom
    Disney's Animal Kingdom
    Disney's Hollywood Studios
    Disney California Adventure
    Universal Studios Florida
    Universal's Islands of Adventure
    Universal Studios Hollywood

    Popular International Parks

    Tokyo Disneyland
    Tokyo DisneySea
    Disneyland Paris
    Universal Studios Japan
    Hong Kong Disneyland
    Europa Park
    Walt Disney Studios Paris
    Universal Studios Singapore

    Features, News and Advice

    The Wizarding World of Harry Potter
    The Theme Park Insider Awards
    What's Under Construction for 2015/6?
    How to Stay Safe at a Theme Park

    Books and Shirts

    Theme Park Insider Visits Walt Disney World and Universal Orlando Theme Park Insider Visits The Wizarding World of Harry Potter

    Stories from a Theme Park Insider Get Theme Park Insider Shirts and Hoodies


    2015 · 2014 · 2013 · 2012 · 2011 · 2010 · 2009 · 2008 · 2007 · 2006 · 2005 (Dec 27-31) · 2005 (Jan-Dec 26) · 2004