Exactly how BAD is the balance in the WOD check book?
If 2.3 - 3 Billion is "pennies"...why? What do you estimate they are actually worth?
Is there a stipulation in the agreement that all the current management and staff will keep their jobs?
And what about the structure - will they morph into a sister "child" company like Merlin, except based in the US?
They just bought ten theme parks. Media reports put the construction cost of IOA (one park, one hotel, two parking garages, some roads and one entertainment district) at $1 billion ... ten years ago.
Disney just bought Marvel for $4 billion.
I reiterate PENNIES!
Blackstone is making a BOLD MOVE ... and getting a bargain price.
Why no Clydesdales? What sets them apart?
Four of the Blackstone parks were in the top 20 in attendance in 2008 - welcoming almost 18 million guests. Cedar Fair Entertainment had just two parks in the top 20 -- welcoming about a third of what the Blackstone backs did (a little over 6 million people).
Blackstone got these parks cheap.
Seems like a real waste of a great opportunity. I guess now we'll just have to sit and wait to see what happens with NBCUni
2008 Attendance for Orlando water parks:
Blizzard Beach & Typhoon Lagoon (Disney) - 3.95 million
Wet & Wild, Adventure Island (Tampa) and Aquatica (Blackstone) - 2.85 million
based on 2008 numbers. If Blackstone had bought the Busch Parks and Universal and added that attendance to their current Merlin Entertainment parks (approx 84 million), they would still be 33 million short of the total Disney parks attendance (117 million).
It does seem like a pretty good price for those parks. I would be curious to see their balance sheets and just how profitable they are. The quality is obviously good across the board, and the costs are likely high. Attendance is good, but with a year round schedule. Blackstone is no slouch in the money department, but I'll be curious to see the parks in action without the giant corporation (and their bank account) behind them. Just playing devil's advocate I guess. The new owner has a great reputation and I'm sure they will keep things going well for Busch Gardens and Sea World.
And now we can rest easy knowing the parks are (hopefully) in good hands.
Based on what I've read about Blackstone and many TPI reader's comments on the org, I'm very excited about the purchase. I'm looking forward to good things. I only hope that park guests are as enthusiastic. (I recall several guests who seemed to just be clearly having a bad day or bad luck, would blame it on the buyout from InBev-- I hope this doesn't happen in the future)
And yes, I'm also curious to what's the future of animal shows at the parks. SeaWorld just isn't SeaWorld without those awesome shows.
Hmmm... and I wonder if I can use my employee ID and get free into the other parks under Blackstone... Hmmm... Roadtrip???
On another note, I'm honestly excited about this. I have been following this since InBev purchased Anheuser-Busch and out of all the possible suitors for BEC, Blackstone was my personal favorite and I'm excited to see how BEC moves forward from this deal.
That must rate among the more naive statements ever posted to this site. I'll grant that InBev doesn't sound like the friendliest company on Earth to work for, but, like any other company, it operates within the context of the economy. Plenty of previously great companies have been cutting hours and letting workers go in this recession.