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February 10, 1998 | MARLA MATZER, SPECIAL TO THE TIMES
In a move to focus on its core entertainment assets, Time Warner--along with investment partner Boston Ventures--has agreed to a $1.9-billion deal to sell its stake in the Six Flags theme park chain to Oklahoma City-based Premier Parks Inc. The purchase would make Premier the world's largest regional theme park company, with more than two dozen parks across the United States. Time Warner retains joint ownership, with various regional partners, of the international Warner Bros.
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CALIFORNIA | LOCAL
September 16, 1998 | DARRELL SATZMAN, SPECIAL TO THE TIMES
Six Flags Magic Mountain officials said Tuesday that the theme park has laid off 44 employees, more than 10% of its full-time work force. The layoffs, announced Monday when employees reported for work, were effective immediately. They come at the tail end of the park's peak summer season and seven months after Six Flags was bought by Oklahoma City-based Premier Parks Inc.
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CALIFORNIA | LOCAL
September 16, 1998 | DARRELL SATZMAN, SPECIAL TO THE TIMES
Six Flags Magic Mountain officials said Tuesday that the theme park has laid off 44 employees, more than 10% of its full-time work force. The layoffs, announced Monday when employees reported for work, were effective immediately. They come at the tail end of the park's peak summer season and seven months after Six Flags was bought by Oklahoma City-based Premier Parks Inc.
BUSINESS
February 10, 1998 | MARLA MATZER, SPECIAL TO THE TIMES
In a move to focus on its core entertainment assets, Time Warner--along with investment partner Boston Ventures--has agreed to a $1.9-billion deal to sell its stake in the Six Flags theme park chain to Oklahoma City-based Premier Parks Inc. The purchase would make Premier the world's largest regional theme park company, with more than two dozen parks across the United States. Time Warner retains joint ownership, with various regional partners, of the international Warner Bros.
BUSINESS
June 30, 1998
Sherrie Bang, former vice president of marketing for Six Flags California, has been named western division regional marketing vice president for Premier Parks Inc., which recently purchased Six Flags Theme Parks. Bang, a Studio City resident who began her Six Flags career in 1982 at Six Flags Magic Mountain, will oversee marketing efforts for 14 theme and water parks in the West. The territory includes California, Colorado, Missouri, Oklahoma and Texas.
BUSINESS
December 22, 1998 | Reuters
A U.S. jury raised to $454 million a verdict against affiliates of media giant Time Warner Inc. in a case arising from a contract dispute at the Six Flags Over Georgia theme park. The jury in Gwinnett County, Georgia, awarded $197 million in compensatory damages last week to the Six Flags Fund and the Six Flags Over Georgia partnership. The same jury on Monday imposed $257 million in punitive damages, according to the plaintiffs' lawyer.
BUSINESS
May 13, 2000 | E. SCOTT RECKARD, TIMES STAFF WRITER
In a case that helped trigger regulation of California amusement parks, the family of a 17-year-old girl who died in a 1997 water slide collapse has tentatively settled a negligence lawsuit for $1.7 million. In the agreement--a copy of which was obtained Friday by The Times--none of the defendants admitted liability. The defendants include Waterworld USA in Concord, Calif.; its parent company, Premier Parks Inc.
BUSINESS
May 13, 1999 | E. SCOTT RECKARD, E. Scott Reckard covers tourism for The Times. He can be reached at (714) 966-7407 and at scott.reckard@latimes.com
Besides Walt Disney Co., who's the biggest theme park operator? That would be Premier Parks Inc. since the Oklahoma City company bought Magic Mountain in Valencia last year along with the rest of the Six Flags chain. It is currently re-branding its other parks with that well-known name. And what's in the name? Plenty for parks like Six Flags Marine World in Vallejo, Calif., where attendance rose 66% last year to 1.8 million with the new banner and multiple improvements.
CALIFORNIA | LOCAL
October 3, 1998 | DARRELL SATZMAN, SPECIAL TO THE TIMES
Permanent metal detectors will be installed at the shared entrance to the Magic Mountain and Hurricane Harbor theme parks, officials with the parks' operator, Six Flags, announced Friday. By December, all visitors to the adjacent Valencia parks will be required to pass through the high-tech screening devices to help ensure no weapons find their way inside, officials said.
BUSINESS
July 14, 2000 | From Bloomberg News
Time Warner Inc. said it will take a nonrecurring $50-million charge against second-quarter earnings to help cover its share of a multimillion-dollar damage award a Georgia appeals court upheld Thursday. The Georgia Court of Appeals ruled that New York-based Time Warner and other former owners of Six Flags Over Georgia must pay the theme park's new owners about $530 million for delaying the opening of a ride based on the "Batman" movies and other mismanagement.
BUSINESS
May 13, 2000 | E. SCOTT RECKARD, TIMES STAFF WRITER
In a case that helped trigger regulation of California amusement parks, the family of a 17-year-old girl who died in a 1997 water-slide collapse has tentatively settled a negligence lawsuit for $1.7 million. In the agreement, a copy of which was obtained Friday by The Times, none of the defendants admitted liability. The defendants include Waterworld USA in Concord, Calif., and its parent company, Premier Parks Inc.
BUSINESS
December 7, 1999 | E. SCOTT RECKARD, TIMES STAFF WRITER
The Ohio company that owns Knott's Berry Farm and the Buena Park Hotel said that it expects to complete its purchase today of White Water Canyon, a water park in San Diego County, for $11.5 million. Cedar Fair LP will trade in White Water's Western motif for a beach theme, renaming the Chula Vista park Knott's Soak City USA.
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