WEBVTT
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From our studios in Los Angeles and Tampa. This is
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Green Tag to Theme Park and thirty. I'm Philip. I'm
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joined as always by my co host Scott Swinston of
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Scott Swinson Creative Development. On Green Tag, we break down
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the week's top news from the theme park world and
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explain why it matters to professionals. This week, though we're
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gonna be talking about trends, we're looking at the last
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eighteen months of what we have talked about on this
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show and trying to break up the top five ish
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trends that are critical for the industry. Here we are, Scott,
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we're recording this early.
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I was just gonna say, do we want to explain
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why we are doing Yes, Yes, trends and not about
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the immediate news of the week.
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Yes, we're recording this early because I am at the
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Midwest Hunters Convention on a gig there. And so if
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we're going to talk about trends, but if there's some
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crazy news that has come out and you're wondering why
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we're not talking about it, that is why. And also
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if you're like, why is Philip and Scott look exactly
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like last week's uppisode, Well.
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It just changed my lighting. I changed lighting.
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It's we didn't even change clothes, and I have.
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Several shirts that look like this, but I'll be honest,
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this is the same one.
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Yes, we're going this early, It's okay. So basically what
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I did was I looked at the last eighteen months
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and I was trying to put them into big buckets,
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like what are the big things? What were we talking
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about last year at the beginning of last year, and
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then what are we talking about now and how has
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it changed and whatnot? And you know what, the biggest
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one we've talked about several weeks now, but it still
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continues to be a thing, which is at the acquisitions
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and merger because last year in twenty twenty four was
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when the six Flags one was first announced, right, and
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then it didn't It closed early twenty twenty five, so
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we've been talking about that. There's also the Hershein Family
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Entertainment acquisition, which we just talked about last episode of
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last week about that. So that those are two big ones,
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a merger and one's acquisition. But there's also the Falcons
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beyond Global that has required oceaneering. We talked about that
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a few episodes ago. And then I also put this
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and that sort of related. But it's like our WS
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Global is expanding, but they're also now entered into that
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exclusive partnership with Merlin to provide the entertainment for six
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flagship resorts, which is consolidation in a way as well,
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where they're consolidating in order to serve a large entertainment.
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So that's a big trend. And it seems also what
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we talked about with the pendulum concept we always talk about,
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which is that these things go back and forth where
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it was a bunch of breakups and now it's going
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back to basically vying to be one of the top
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three or four. You're vying for the third or fourth position,
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is what everybody is doing, it seems.
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Well, or even the first and second in some cases.
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But when it comes to consolidation, yes, it's absolutely the
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third and fourth. And you know it's interesting because I
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will make a prediction. I'm going to put on my
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hold on. Wait, I have a crystal ball here. Wait,
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looking into the crystal bawl. My crystal ball is solid black,
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by the way, because just because I'm look, I'm wicked
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and evil. I'm wicked and evil, but I'm going to
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look into my obsidian ball and I'm going to say
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that we have not seen the last consolidation announcement. I
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think this is a trend that's going to continue for
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a little while. And you're going to say, oh, my gosh, Scott,
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who could possibly consolidate more and who could buy whom
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and what merger could happen. But I think this is
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one of those situations where we're far enough out of
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the pandemic that people are starting to go, well, you
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know what, here we kind of had to go back
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during the pandemic and reevaluate everything we're doing in our company,
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and we could do that more efficiently if we had
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an economy of scale. And I think that's what has
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on a very simplistic way, you know. Mean, I always
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like to make things. I always like to dumb them
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down so I can understand them. So I think on
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the simplest possible terms, that is what has has inspired
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some of these mergers and acquisitions. You know, there are
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people who are who will argue that, no, it's just
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all about money, and I'm not going to deny that
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it is. It is about money. This is a business.
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This is not a hobby. So yeah, it's about money,
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and there's nothing wrong with that. What I am also
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going to say is the reason it's all happening now
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is because there's been enough time to kind of reevaluate
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and just like we've all done personally to reevaluate how
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much we work, how much we work from home, how
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much we work from an office, how much you know,
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what is our work life balance, blah blah blah blah
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blah blah blah, How can we make our lives simpler
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blah blah blah blah blah blah blah, all this post
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pandemic stuff that we've been anngst that we've been going through,
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and I think companies have been doing the same thing.
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I think that's why we're seeing things like all of
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these mergers and acquisitions. It's like, how can we do
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our how can we do what we do but do
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it more efficiently?
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Yep, yep.
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That's just kind of my my thirty thousand foot view
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on why trend is happening. And like I said, I
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would venture to say there's and I have no insider information,
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this is not insider trading. This I don't know, but
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I would venture to say that it ain't over yet,
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and it's probably gonna happen on a smaller scale because
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we've already seen you know, the the six flag seater
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fairwe was the one that I did not expect. But
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I'm glad. I'm kind of glad. And you know, we'll
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we're gonna talk a little bit and Unhinged about a
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dig a little bit deeper into you know, whether this
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is a good move or not. But and the only reason,
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I will tell you, the only reason we're moving it
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to Unhinge. This is not a bait and switch to
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get you to join our Patreon. The only reason we're
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going to do it there is because we can be
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a little bit more. We can take the gloves off
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a little bit more, and we can shoot from the
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hip a little bit more. Uh So, it's it's it's
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not it's not to say, yeah, we're gonna talk about
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this here and then then when we get into the
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good stuff, you gotta pay for it. We're not I'm
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not saying that at all. What I'm saying is because
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because there is a another level and people will understand
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that we can be a bit more. Frank, That's that's
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the only reason that's the only reason.
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Well, we've talked so much about this past several weeks.
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I didn't want to spend too long on this one
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because it's like we've been doing nothing but talking about
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because it's the most immediate thing, you know.
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But well, and it's been it's been like boom, boom boom.
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They're kind of like, you know, six Flags and hershand
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and and Falcons.
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It's just been like, yeah, recently, it's all been very recent.
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So the next one, I'm going to kind of label
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this like loosely as increasing per cap slash like premium offerings.
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We've been talking about this the past yeah again, in
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the past eighteen months, it just seems like we're getting
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more and more of these examples. And we talked about
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the concept of budget, family friendly pricing and that kind
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of stuff that's come value pricing basically that has come
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come much more recently. But even with this value positioning
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that a lot of places they're taking, they're still not
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neglecting to flesh out their premium offerings. And we've Scott
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calls it the velvet rope concept. I mean, this has
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been going on for a long time, but I think
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more recently it's become a lot more developed. And you
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know some of the recent examples we talked about which
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I even forgot about, but remember the Disland Resort four
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hundred dollars premium pass. That's a thing that's still a thing,
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and it's it's a thing at both parks. I mean,
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the four hundred dollars of fast pass, you know, just that.
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Remember all it is is, it's just where you can
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use the fast pass. You get one fast passed per ride,
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and you can use it at any time for any
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of the rides. And it's a four hundred dollars on
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top of your ticket price, you know. And and then
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plus the Genie Plus and the Lightning Lane and the
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Priority Lane program they're rolling out all over and you know,
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Merlin talked about this when we were at Ayapa and
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then kind of talked about the idea of missing the
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pricing curve and they should adopt dynamic pricing and also
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and also have the premium more premium robust offerings. Six
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Flags mentioned it recently in their investor day thing where
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they deliberately have to renovate their F and B because
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they need to be able to have more premium offerings
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for that I mean concerts, other venue. I mean it's everywhere,
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It's everywhere. Basically, the idea is that especially in America,
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because we have this bifurcating, you know, we have the
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top you know nine, the top five percent controlling controlling
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a significant amount of wealth almost equaling what the bottom
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ninety five does. Then you have this bifurcation, so you
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kind of need to be able to have the premium
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experience but also still have you know, the budget items
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so well.
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And let's let's not forget you know, six Flags now
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that they are expanding. I just went to the six
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Flags Great America website and one of the add ons
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is the twenty twenty five National Ultimate All Season the
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Flash Pass add on, so you can basically, the flash
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Pass is an admission pass with all park passport to
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enjoy immediate access to the priority boarding lane on your
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on the most popular rides every time you visit of
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participating six Flags park across the country. So this is
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in essence, this is a fast pass for all six flagsparks.
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It is a fast pass for all six flagsparks. You
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want to guess, you want to guess what the monthly
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fee is for this add on to your season pass.
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Now you have to have a season pass to one
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of the.
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Parks to add you're adding this on.
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You're adding us onto a season pass.
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One one hundred and twenty five a month, extra.
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One hundred and sixty two one hundred and sixty two
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a month, and that gets you Lightning Lane pass at
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all parks. And it says let me there's there's a
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couple of asterisks here. It says for five months with
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an initial payment due today, plus applicable taxes and fees.
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So uh, and then it's just click product for full
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deal details. They're also doing add on. You can also
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do add on all day dining passes. You can do
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add on picture passes. And this is six Flags. This
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isn't Disney Kids, this is six Flags. So you can
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get your seasonal drink bottle. You can do that when
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you purchase your pass. So for thirty five dollars you
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can get an all seasoned souvenir bottle in you enjoy
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Coca Cola Fountain beverages and get free refills during the
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twenty twenty five season when you visit the park, only
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a fifteen minute interval between refills.
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There's I think The reason this is such an interesting
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trend is because when you look at I think a
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macro sense, we started off where I don't want to
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go back to back in the day, you know, I
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mean you have a Disney fad day, you know, where
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you didn't have fast passes. You just it was the
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concept of all the guests were kind of treated equal
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in a way. And now basically what we're doing is
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creating a class system within the attractions that we go into,
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where you there's always another level that you can buy into.
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You know, you got I think Disney is definitely the worst,
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but you know, you have even even like I have
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the top pass at Disneyland, right, and then beyond that
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you can do the plaid packages, right, and then beyond
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the plaid you can do the Club thirty three, which
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is I think thirty thousand a year or something. I mean,
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so like you can keep plusing until you get concierge
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like White Glove. And it's just this has been spreading
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to more and more and more attractions, and not just
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the theme parks, but also the individual smaller attractions, you know,
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and even in Asia where it's you know, it's I
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think it starts here in America and then it jumps
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over and I saw it even I think I was
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last Halloween. Remember when I talked about the package. I
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think one of the the parks that was like two
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thousand dollars for like a Halloween experience. I'm like, it's
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it's like, it's crazy. But I considered it and then
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I slapped myself.
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We've talked about it. I mean, you know, we experimented
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with it even you know, what was it fifteen years