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Six Flags Entertainment Corp. is the world's largest amusement park corporation based on quantity of properties and the fifth most popular in terms of attendance.[2] The company maintains 14 properties located throughout North America, including theme parks, thrill parks, water parks and family entertainment centers. In 2009, Six Flags properties hosted 23.9 million guests.[3]
The company was founded in Texas and took its name from its first property, Six Flags Over Texas. The company maintains a corporate office inMidtown Manhattan, New York City and its headquarters are in Grand Prairie, Texas. On June 13, 2009, the corporation filed for Chapter 11 bankruptcy protection[4] and successfully exited the restructuring 11 months later on May 3, 2010
Beginnings
Original Six Flags train still in operation (2007)
The name refers to the flags of the six different nations that have governed Texas: Spain, France, Mexico, the Republic of Texas, the United States of America, and the Confederate States of America, not counting the flag of The State of Texas, since becoming a part of the USA. The original park was (and still is) split into separate regions, such as the Spain and Mexico section which featured Spanish-themed rides, attractions and buildings.
The Six Flags chain began in 1960 by Angus G. Wynne of Arlington, Texas, with the creation of the original park, "Six Flags Over Texas", opened in 1961, which initially featured a Native American village, a gondola ride, a railroad, some Wild West shows, a stagecoach ride, and "Skull Island", a pirate-themed adventure attraction. There was also an excursion, inspired by the historical La Salle Expeditions in the late 1600s, called "LaSalle's River Adventure", aboard French riverboats through a wilderness full of animated puppets.[6][7] Over time, all of those attractions, except for the railroad, would be replaced by others, such as roller coasters, swing rides, log flumes, and shoot-the-chute rides, as well as an observation tower.
[edit]Growth and acquisitions
The original park in Arlington was sold in 1966 to a subsidiary of the Pennsylvania Railroad, which was actively pursuing non-railroad investments in an effort to diversify its sources of income. (In 1968, the company merged with the New York Central Railroad to form Penn Central Corp.) With the new owners came a more abundant supply of capital for geographic expansion and park additions. Six Flags opened Six Flags Tickets Over Georgia in 1967 and Six Flags Over Mid-America in 1971, which would, along with Six Flags Over Texas, be the only three parks that would be constructed by the company.
The company continued to grow by acquiring other independent parks. It purchased Astroworld in Houston, Texas in 1975, Great Adventure in Jackson, New Jersey in 1977 and Magic Mountain inValencia, California in 1979 before Penn Central sold its assets to Bally Manufacturing Corporation in 1982. In 1984, the Great America theme park in Gurnee, Illinois was acquired from the Marriotthotel chain.
In 1984, as a result of its acquisition of Great America, the company acquired the rights to Warner Bros.' Looney Tunes animated characters for use in their properties. Bally surrendered control of the chain to Wesray Capital Corporation in a leveraged buyout in 1987. Time Warner quickly began to gain more leverage in the company, gaining a 19.5% stake in Six Flags in 1990 and then 50% in 1991, with the remaining shares of the company being split by Blackstone Group and Wertheim Schroder & Company. Time Warner purchased the remaining stakes in the company in 1993, changing the company's name from Six Flags Corp. to Six Flags Theme Parks, Inc.
In 1996, Six Flags acquired the Fiesta Texas theme park in San Antonio, Texas.
[edit]History of Premier Parks
Premier Parks originally operated as the Tierco Group, Inc., an Oklahoma-based real estate company. The company purchased the Frontier City theme park in Oklahoma City in 1982 for $1.2 million. Tierco had no intention of entering into the amusement park business, however. Company officials described Frontier City as "beat up" and "run down"; they planned to demolish the park, subdivide the land, and build a shopping center. However, given the economic downturns prompted by an oil bust in Oklahoma, developers lost interest in the idea of converting the park into a shopping center. So in 1984 Tierco hired Gary Story as general manager of Frontier City and sunk about $13 million into improving the park. As the new manager of Frontier City, he would quadruple that park's attendance and revenues. Under his leadership, two new rides and a petting zoo were added to the park along with a new ticket booth, sales office, and improved food service.
In 1988, Tierco shifted its strategic direction from real estate to amusement parks. It sold much of its property during this time, which generated capital to reinvest in Frontier City. Once this reinvestment paid off in terms of increased business and profits, more capital became available, which meant further growth. Tierco opened White Water waterpark in 1991 (the name later being changed to White Water Bay). The company realized the key to boosting a park's attendance was to add new and exciting rides and make it more attractive to families.
Tierco acquired the financially troubled Wild World in Largo, Maryland, in 1992 and later changed that park's name to Adventure World. With a $500,000 investment, Tierco expanded Wild World's kiddie section and remodeled its buildings to give the park a tropical look and feel. Story was promoted to executive vice-president after the purchase of Wild World. In 1994, he was promoted again to president and chief operating officer (COO). More flat rides and a couple more roller coasters were added to that park.
Since Tierco was on its way to becoming a "premier" regional theme park operator, in 1994 it changed its name to Premier Parks, Inc. Kieran E. Burke, chairman and chief executive officer (CEO), noted that the new name signified the beginning of a new era for the company. At the end of 1994, Premier Parks acquired an agreement to manage Elitch Gardens in Denver, Colorado which had just relocated from outside the city.
During the next few years, Premier picked up speed. In 1995, the company acquired parks from Funtime Parks, Inc., namely Geauga Lake near Cleveland, Ohio, Wyandot Lake in Columbus, Ohio,Darien Lake, near Buffalo, New York, and Lake Compounce near Hartford, Connecticut. In 1996, Premier added to its portfolio. It bought Elitch Gardens in Denver, Colorado outright, Waterworld USAwaterparks in Sacramento and Concord, California, Riverside Park, near Springfield, Massachusetts, and Great Escape and Splashwater Kingdom at Lake George, New York. Premier immediately sold Lake Compounce to Kennywood.
Geauga Lake, Wyandot Lake, and Adventure World had water parks within their amusement parks while Frontier City had one that was adjacent and has separate admission. Riverside added their water park in 1994 just before selling to Premier. Premier Parks also added water parks to Darien Lake, Lake Compounce (right before selling it), Elitch Gardens, and Great Escape in 1995 and 1996.
Premier went public in 1996 and raised nearly $70 million through an initial offering at $18 a share. The company planned to use the money to expand its ten parks and acquire new ones. In 1997, Premier purchased Kentucky Kingdom, in Louisville, Kentucky and Marine World, near San Francisco. A second public offering at $29 a share raised an additional two million dollars. A water park was added to Kentucky Kingdom in 1998. Nearly 8.8 million people visited Premier's parks in 1996. They added amusement park rides and roller coasters to Marine World in 1998 as well. Premier Parks also made plans to acquire more parks and wound up buying a larger corporation late that year.
[edit]Acquisition of Six Flags by Premier Parks
Six Flags Tickets Theme Parks Inc. was purchased in whole on April 1, 1998 from Time Warner by Premier Parks for $1.86 billion. Premier then began to apply the Six Flags name to a number of smaller parks that the company had already owned, including Darien Lake, Elitch Gardens, Kentucky Kingdom and Adventure World.
In 2000, Premier Parks assumed the Six Flags Theme Parks, Inc. name and continued re-branding its parks, most notably the former Geauga Lake into Six Flags Ohio. Six Flags began vigorously expanding, attempting to branch out internationally, acquiring numerous properties across the country and overseas including the Walibi chain and historic Belgian park Bellewaerde in Europe, La Ronde in Canada, and Reino Aventura in Mexico. Three of those parks were re-branded as Six Flags parks—Walibi Flevo became Six Flags Holland, Walibi Wavre became Six Flags Belgium and Reino Aventura became Six Flags Mexico.
In 2001, Six Flags acquired the former SeaWorld Ohio from Anheuser-Busch, merged it with the adjacent Six Flags Ohio and re-branded the park again, this time into Six Flags Worlds of Adventure. The park was positioned to compete against northern Ohio's more famous amusement park, Cedar Point.
In 2004, Six Flags began to close and sell properties in an effort to help alleviate the company's growing debt. On March 10, Six Flags sold its European parks, with the exception of the Movie World park in Madrid, Spain, to Star Parks Group. The Madrid park was sold back to Time Warner and renamed "Parque Warner Madrid". In April that year, Six Flags determined that the investment required to keep Worlds of Adventure competitive with Cedar Point would be too great, and thus the company sold the park to Cedar Fair, the owner of Cedar Point. These sales raised $345 million in an effort to relieveSix Flags Tickets' massive debt.[8]
In 2005, Six Flags endured even more turmoil. Some of the company's largest investors, notably Bill Gates's Cascade Investments (which owned about 11% of Six Flags at the time) and Daniel Snyder's Red Zone, LLC (which owned 12%), demanded change. Indeed, on August 17, 2005, Red Zone began a proxy battle to gain control of Six Flags' board of directors. Later that month, Six Flags New Orleans was severely damaged by Hurricane Katrina.
On September 12, 2005, Six Flags Chief Executive Officer Kieran Burke announced that Six Flags Astroworld would be closed and demolished at the end of the 2005 season. The company cited issues such as the park's performance, and parking issues involving the Houston Texans football team, Reliant Stadium, and the Houston Livestock Show and Rodeo, leveraged with the estimated value of the property upon which the park was located. Company executives were expecting to receive upwards of $150 million for the real estate, but ended up receiving $77 million when the bare property (which cost $20 million to clear) was sold to a development corporation in 2006.[9]
On November 22, 2005, Red Zone announced it had gained control of the board. Kieran Burke was removed on December 14, 2005 and replaced by Mark Shapiro, former Executive Vice President of Programming at ESPN. Six Flags then named former Representative Jack Kemp, entertainment mogul Harvey Weinstein, and Michael Kassan, the former president of the Interpublic Group of Companies Incorporated, to their newly revamped board of directors.
Even with the new management team, the sell-off would continue into 2006. On January 27, Six Flags announced the sale of the Frontier City theme park and White Water Bay water park, both located in Oklahoma City, Oklahoma, at the conclusion of the 2006 operating season. At the same time, Six Flags And Disney Land Tickets also announced its plan to close corporate offices in Oklahoma City, moving its headquarters to New York City. Six Flags CEO Mark Shapiro said he expected the parks to continue operation after the sale, a lesson the company learned after its public relations debacle with the closure of Astroworld.
In June 2006, Six Flags announced it was considering closing or selling up to six of its parks, including Elitch Gardens, Darien Lake, WaterWorld in Concord, California, Wild Waves and Enchanted Village in Federal Way, Washington, Splashtown in Houston, Texas and, most notably, Six Flags Magic Mountain.[10] In addition, Six Flags also announced the sale of Wyandot Lake in Powell, Ohioto the Columbus Zoo and Aquarium, which is located next to the park.[11] Ultimately, Six Flags Magic Mountain was spared, with the remaining six parks sold on January 11, 2007 to PARC Management for $312 million: $275 million cash and a note for $37 million.[12]
[edit]Bankruptcy
The company's cash flow had decreased by over 120 million dollars annually during the Shapiro years and in October 2008, Six Flags was warned its stock value had fallen below the required minimums to remain listed on the New York Stock Exchange.[13] With the 2008-2009 global financial crisis weighing both on consumer spending and the ability to access credit facilities, Disney Land Tickets and Six Flags was believed to be unable to make a payment to preferred stockholders due in August 2009.[14] Management saw the business as a sound one, noting that attendance across the company's parks increased slightly in 2008 compared to 2007.[13] Six Flags CEO Mark Shapiro said that the company's problem was the declining attendance and cash flow created by his new management initiatives .[13] If not resolved, the company warned in its 2008 annual report[15] that the situation might require a Chapter 11 bankruptcy filing, with Six Flags already retaining counsel should that occur.[14] The company stated at the time that it expected business to continue as normal in the event of such a filing,[13] although one analyst believed attendance at the company's parks would decrease by six percent, suggesting parents would be leery of letting their children ride a roller coaster operated by a bankrupt company.[14] In April 2009, the New York Stock Exchange announced it would delist Six Flags' stock on April 20, a decision that the company did not intend to appeal.[16] On June 1, 2009, Six Flags announced they would delay their $15 million debt payment further using a 30-day grace period. Less than two weeks later, on June 13, the firm filed for Chapter 11 bankruptcy protection,[4][17] but issued a statement that the parks would continue to operate normally while the company restructured.[18] On August 21, 2009, Six Flags' Chapter 11 restructuring plan was announced in which lenders would control 92% of the company in exchange for cancelling $1.13 billion in debt.[19]The approval of this plan is pending per the decision of the presiding U.S. Bankruptcy Judge.
One component of the restructuring was negotiating a new lease agreement with the Kentucky State Fair Board, which owned much of the land and attractions for Six Flags and Costco Gift Cards Kentucky Kingdom.[20] Six Flags had asked to forgo rent payments for the remaining nine years of its current lease agreement in exchange for profit-sharing from the park's operations.[21] When it appeared that the offer had been rejected, Six Flags announced in February 2010 that it would not re-open the park.[20] However, the Kentucky State Fair Board stated at the time that they were still open to negotiating a revised lease agreement.[22]
On April 28, 2010, the company's bondholders reached an agreement on a reorganization plan.[23] Junior note holders, including hedge funds Stark Investments and Pentwater Capital Management,[5]assumed control of the company, while senior note holders were paid in cash.[23] Despite objections from some parties who stood to gain nothing,[23] the bankruptcy judge approved the plan on April 30, 2010.[24] As part of the settlement, Chairman of the Board Dan Snyder was removed, while Chief Executive Officer Mark Shapiro briefly remained in his post.[24]
[edit]Emerge From Bankruptcy
Six Flags officially emerged from bankruptcy protection on May 3, 2010, and announced plans to issue new stock on the New York Stock Exchange.[5] Amid suspected disagreements regarding the future of the company with the board, Shapiro left the company and Al Weber, Jr. was brought in as interim President and CEO.[25] The company announced their corporate headquarters would move from New York City to Grand Prairie, Texas.[26]
[edit]Transition
Six Flags announced that Jim Reid-Anderson would replace Weber and become Chairman, President and CEO on August 13, 2010.[27]
[edit]Marketing efforts
Initially, Costco Gift Cards would prepare separate marketing campaigns for each park, sometimes with special themes (like the 25th anniversary of Six Flags Great America and the 35th anniversary of Six Flags Over Georgia in 2002). In 2004, Six Flags began a series of commercials linking all of the parks. The commercials were notable for a new mascot, "Mr. Six", an apparently feeble old man in a tuxedo and red bow tie. In many of the commercials, Mr. Six would slowly exit a multi-colored bus, only to start frenetically dancing to the Vengaboys' "We Like to Party". The commercials were an immediate hit and Mr. Six almost instantly became the official mascot, although he was initially retired after the 2005 season. These ads have become widely parodied on the Internet, with faces from other Internet memes being superimposed over Mr. Six's face.
From 2008-2010, Six Flags' TV ads have a "Fun-O-Meter" in which the beginning of the ad may show something boring or embarrassing and a man's face judges it "One Flag!" or sometimes "Two Flags!" Then roller coasters and attractions of Six Flags are shown and says "Six Flags, More Flags, More Fun!" for Six Flags parks. However, the thick accent of the Asian man in the original commercials had drawn criticism for being an offensive caricature.[28] In 2009, the Mr. Six character came back from retirement and replaced the Asian man in Six Flags' ads, still using the Fun-O-Meter. Since 2011, Six Flags' TV ads got a brand-new slogan "Go Big! Go Six Flags!" for its current Six Flags theme parks.
Six Flags has licensed its name and its theme park creations to other companies, who have used these assets to create licensed products. One such example is the theme park simulation gameRoller Coaster Tycoon 2, which featured recreations of Six Flags parks and rides that could be expanded and operated at the player's discretion. Six Flags has also partnered with Brash Entertainment to create a video game called Six Flags Fun Park. It allows the player to explore the themed areas and mini-games representative of a visit to a Six Flags park. In the game, players are tasked with quests that encourage them to explore the park's universe. After creating a unique custom character, Six Flags Fun Park patrons can win prizes, and compete with other players in 40 mini-games. Although the video game is called Six Flags Fun Park, it lacks any major reference of Six Flags. This caused some to speculate that the video game was created then the rights to the name of the game were sold as a way to pay for the game's development.
In recent years, Six Flags has created strategic partnerships with other companies who would feature their products inside the parks. On March 30, 2006, Six Flags announced that it will sell no other pizza besides Papa John's at its parks. In turn, Six Flags will receive an annual sponsorship and promotional opportunities from Papa John's, though financial details of the deal have not been disclosed. However, in the 2011 season, it was replaced by another pizza brand. Other recent partners have included Cold Stone Creamery, Johnny Rockets, Tyson Foods (chicken), Chrysler, andNintendo, which added testing stations in several parks to show off its Wii console.[29]
In late 2010, Six Flags began the process of removing licensed theming from attractions. They terminated licenses with Thomas the Tank Engine, The Wiggles, Tony Hawk, Evel Knievel, andTerminator.[30][31] |
Posted: 8:27 AM, Mar. 25, 2012 |
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Director: Joseph Cedar
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Starring: Shlomo Bar Aba, Lior Ashkenazi, Alisa Rosen, Alma Zak, Daniel Markovich, Micah Lewesohn, Yuval Scharf, Nevo Kimchi
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Release Date: March 9, 2012 (limited,USA)
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Posted: 10:55 AM, Sep. 16, 2011 |
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Watch Moneyball 2011 Online
Watch Moneyball 2011 Online
Watch Moneyball 2011 Online Live Streaming Free. Known to be the highest form of professional football known to the Americans the League was formed in 1920, previously known as the American Football Association. It begun with a mere eleven teams participating the whole season, but has now grown overwhelmingly to a full scale thirty two team league of the best American Football that you would want to watch.
Currently, the league is divided Watch Moneyball 2011 Online into two sections, known widely as conferences. These are the American Football Conference and the National Football Conference. The league boasts of having the greatest attendance in terms of numbers, having on the average a whooping 67000 funs in one game.
Watch Moneyball 2011 Online
On the Thursday that comes after September’s Labor Day, the season is usually initiated as it runs weekly, for the next 17 weeks. The close of the first part of the season then happens. At the end of the next half of the season, six of the best teams that season from both conferences come together to battle it out for the famous Super Bowl title that culminates the whole football calendar.
According to the organization of the playoffs, some of the rules that each team has to abide with are that each team will have to battle it out twice with three of the teams in their division. Next, each team will have to battle it out with Watch Moneyball 2011 Online four other teams in the other conference twice. Depending on the finishing position, each team plays off a game with the same placed team in the other division. These and others are the settings of the playoffs according to the organization of the league.
Having had attracted such a huge crowd, the American football national league has gained a lot of fame, making it the hugest sport, followed closely by others like base ball, basket ball and up and coming soccer. It has with time created celebrity figures within the clubs that players play for.
With all this excitement, you can catch all the excitement live on this website through streaming, as you enjoy the playoffs one after the other, as it happens all around America.
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Posted: 2:57 AM, Oct. 23, 2008 |
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Watch Abduction 2011 online free
Watch Abduction 2011 online free
Watch Abduction 2011 online free At first glance Process New Jersey looks like any average town in the Northeast but a sinister secret lurks beneath its picture-perfect surface. In this town that remains hidden from the outside w... read more read more...orld beautiful women are being kidnapped and their lithe bodies are being used for forced organ donation and providing babies to childless couples. However the seedy side of Process is threatened when a girl disappears and a man shows up looking for her armed with technology that could reveal the town to the world.
Unfortunately John Orrichio Watch Abduction 2011 online free (who is making almost everything here: directing writing producing editing casting and creating the music... oh and acting too!) doesn't seem to know these basic rules! "Abduction" is a disaster on every aspect of film-making!
First the plot is not very original and loaded with holes and questions left unanswered! What's the story anyway? Girls are kidnapped and sold (or butchered if not cute enough) in a small town named Process. Of course this town is not on any map! Things go wrong when a Brazilian star named Bella is kidnapped and people are looking for her.It's not an original idea (Hostel anyone?) and the scenario is boring and flavorless nothing to make things better. The cinematography is amateur and poor. The lightning is also very lame and anyone with a digital camera can do better than this (seriously!).
The actors are so amateur that it hurts. Nothing seems natural here... even the lines that these poor characters have to deliver. Watch Abduction 2011 online free No one is a real actor here but if someone is and paid for acting classes please give him a refund!This movie seems to be surfing on the "female torture" trend that can be seen in horror movies these days. I'm not sure about the real value of all this but "Abduction" won't satisfy any horror fan out there even for those who enjoy gore or thrills.
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Also don't expect to have a couple of laughs just because it's a bad movie! This one is not a "this movie is so bad that it's funny" kind of film! It's just a long journey into hell for the ones who are crazy enough to watch it!Fortunately I was doing something else while watching this movie. It wasn't a big waste of time! Please do yourself a favor and act like if this movie didn't exist!
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Posted: 2:55 AM, Oct. 23, 2008 |
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Watch “Machine Gun Preacher” Online For Free
Watch “Machine Gun Preacher” Online For Free
Watch “Machine Gun Preacher” Online For Free The story of Sam Childers, a former drug-dealing biker tough guy who found God and became a crusader for hundreds of Sudanese children who've been forced to become soldiers.
Such focus means other actors barely get a look in: Monaghan is nice enough as his wife; Michael Shannon amps up his bug-eyed doom-faced act as our hero's vulnerable best friend. It also means that the narrative is a little patchy, a prisoner to a personal story rather than an especially cohesive one: there are plot holes so wide and sudden the film is hobbled for a good few Watch “Machine Gun Preacher” Online For Free minutes following them. At least two gun battles abruptly end at what looked like a critical moment. At other times, you're wrong-footed more pleasantly: an encounter with a fragrant doctor doesn't resolve into cliche, and the ending is open-ended, mature.
What it lacks is balance: we never discover what Childers' enemies are fighting for, or much about the background of the conflict. Some gloss would hardly have endangered ones's allegiance – we're endlessly shown the results of horrific acts of rape, torture and slaughter – but it would have helped bring nuance to a film that sorely needs it.
Just released from prison, Philly native Sam (Gerard Butler) returns home to his wife, Lynn (Michelle Monaghan), and their young daughter, Paige (Ryann Campos), and quickly sinks back into a life of substance abuse, compulsive violence and armed robbery along with his old bar buddy Donnie (Michael Shannon). But Lynn, who became a Christian during Sam's incarceration, urges her husband to go to church with her; after a near-fatal skirmish, Sam agrees and is forever changed by the experience.
Adopting a rudimentary approach to complex developments, Jason Keller's screenplay is content to observe Watch “Machine Gun Preacher” Online For Free Sam's Damascus moment from the outside, displaying minimal interest in the mystery of his sudden faith. Within months, Sam has gone from hardened thug to God-fearing missionary; having started his own construction business, he decides to put his skills to meaningful use on a relief trip to Uganda.
But when Sam makes a dangerous detour into neighboring Sudan, escorted by Sudanese People's Liberation Army soldier Deng (Souleymane Sy Savane, "Goodbye Solo"), he witnesses firsthand the atrocities perpetrated by the Lord's Resistance Army, a vicious renegade militia that turns children into soldiers, often by forcing them to kill their own parents. Moved by the plight of countless young refugees, Sam provides them with temporary shelter and eventually decides to build a local orphanage. Soon, what was intended to be a short-term mission has become a life-consuming project, leaving his wife and daughter (now played by Madeline Carroll) feeling abandoned, and making him a sworn enemy of the LRA.
The generally simplistic beats of the storytelling can't entirely smooth over the fascinating edges and contradictions that make Sam so compelling a figure, one who prizes actions over words and becomes increasingly fed up with the life of Western privilege, where the cost of every petty extravagance could put a serious dent in famine or disease worldwide. Sam's increasingly fanatical devotion to his cause even outweighs his allegiance to God, and in the interests of protecting his flock (and distracting moviegoers with some well-choreographed shootouts), he doesn't hesitate to take up firearms; not for nothing does he earn the nickname "Machine Gun Preacher."
Watch “Machine Gun Preacher” Online For Free
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Posted: 2:53 AM, Oct. 23, 2008 |
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