Sept. 27, 2026

Six Flags Faces Another Sale Push, More X2 Lawsuits

Key Takeaways

JANA Partners is pushing Six Flags to explore a potential sale for a second time this year, driven largely by disappointing second-quarter results and mounting pressure from high debt loads.
With a significant portion of Six Flags' roughly $5 billion in debt tied to variable interest rates, recent Federal Reserve rate hikes and higher refinancing costs are putting immense pressure on the company's financial model.
Three additional riders have filed lawsuits against Six Flags Magic Mountain over alleged brain injuries sustained on the X2 roller coaster, with their legal representation claiming over 100 more clients are slated to file.
The new X2 lawsuits introduce serious allegations of fraudulent concealment, claiming the park continued operating the ride despite knowing about prior injuries.
Industry experts note that while exploring a sale and managing high debt are normal business practices, finding a buyer with deep enough pockets to take on Six Flags' massive financial obligations in the current economic climate remains a major hurdle.

Show Notes
Transcript

JANA Partners is pushing Six Flags to explore a sale again, according to The Wall Street Journal. It's JANA's second push this year, but this time there's no public letter and no statement from Six Flags. JANA pointed to disappointing second-quarter results, and Philip thinks interest rates explain the timing. About $1.48 billion of Six Flags' roughly $5 billion in debt has a variable rate, so the Fed's September hike adds about $4 million a year in interest, and each bond that comes due will likely be refinanced at a higher rate. That debt also makes a sale harder, because any buyer is mostly buying the debt.
Meanwhile, three more riders have sued Six Flags Magic Mountain over brain injuries they say they suffered on X2, and their law firm says more than 100 others have hired it. The complaints allege fraudulent concealment, claiming the park kept running the ride after learning of injuries. None of it has been proven, but the story keeps getting worse for Six Flags.
Enchanted Parks is running Halloween at all six of its parks, including its first season at the parks it bought from Six Flags. Every park has a daytime family event, four add haunted houses at night for an extra fee, and all of them offer allergy-safe trick-or-treating. Running both formats in a transition year lets the new owner see which one pays.
Finally, five Six Flags parks made the top 10 of a Stasher study of America's most overrated attractions, with Great Adventure at number two. The Hollywood Walk of Fame ranked first and Plymouth Rock third, so take the list with a grain of salt.
Listen to weekly BONUS episodes on our Patreon.

Frequently Asked Questions

Why is JANA Partners pushing Six Flags to sell?

JANA Partners is pushing Six Flags to explore a sale due to disappointing second-quarter results and mounting financial pressures from the company's massive debt load in a rising interest rate environment.

How much debt does Six Flags have?

Six Flags carries roughly $5 billion in total debt, with approximately $1.48 billion of that tied to variable interest rates that become more expensive with every Federal Reserve rate hike.

What are the latest lawsuits against Six Flags Magic Mountain about?

Three additional riders have sued Six Flags Magic Mountain alleging brain injuries sustained while riding the X2 roller coaster, bringing new claims of fraudulent concealment against the park.

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Okay. Hello.

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This week from our studios in Los Angeles and Tampa,

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this is Green Tagged Theme Park in 30. I'm Philip

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from Ganton Lighting Controls, and I'm joined as always by

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my delightful co-host Scott Swenson of Scott Swenson Creative Development.

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Here on Green Tagged, of course, we look to the

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top news each week, and we try and pick the

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stories we think matter most to industry professionals, and we

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discuss them here on the show. And this week, we

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are back to Six Flags because it just It does

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not end for our favorite chain that is also America's

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largest theme park chain. But really quick, before we get

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into that story, I did want to do a thank

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you to everyone who left comments last week. Kind of

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very thoughtful comments in response to mostly Scott's rant from

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the previous week. But we thank all of you for that,

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and especially people... from pointing out when we had made

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some mistakes in some of the pronunciations. The comments are

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very helpful, and I think that's why we do the show.

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That's kind of why we started it originally, was to

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have discussions and ask questions. So we appreciate those comments.

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We do read all of them, although don't always have

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time to reply because I'm barely alive. And yes.

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Well, it is the season, you know, and I... I'm

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sitting here right now going, I have opened two Halloween

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events in two different parts of the country. And on Monday,

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I fly out to go do a third. And in

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between now and Monday, we're recording this on Saturday. So tomorrow,

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I have an art show that I'm doing. So yeah,

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it's just a crazy, crazy time. But to echo what

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Philip said, yes, thank you so much for sharing those comments.

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We do appreciate them. And, you know, we've always said

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from the very beginning, we're not here, we're not here

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to give all the answers. We are here to make

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sure that we are all asking the right questions. And

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when we make mistakes or when we, when we need

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to be redirected in the questions that we're inspiring, then that's,

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that's exactly what we hope that you will do because

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that shows engagement and shows that, you know, you care

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about this industry and care about making certain that we

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remain honest. So thank you.

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Yeah. Yeah. Well, Uh, let us back to Six Flags,

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then we shall, we shall go. And I'm sure that, again,

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this is one of those things, because this is an

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industry show, I'm sure everyone listening is already aware of

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the news that came out this week about Jana pushing

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again for Six Flags to sell. They, and it came

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out from a few outlets, although this time, you know,

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this happened in March previously. And in March, we got

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an actual letter that was a pretty strongly worded letter

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that referenced the known buyer interest, I guess, that supposedly exists,

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and also talked about there being a pattern of board dysfunction, right?

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This time, from what I've seen, and maybe I missed something,

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but from what I've seen, there isn't a public letter.

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This is more that reporting that came out from big

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news organizations that they don't have a published letter, right?

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And Six Flags has not given a statement or anything.

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This is more reporting stories. So it seems like it's

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a little bit different in nature. But essentially, even though

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there's been a lot that has changed since the first letter,

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including the leadership, a lot of the board leadership has changed.

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There's been a lot of changes since that first letter

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came out. So despite all of that, Jen is still

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urging for a sale. And They didn't say why they

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just said disappointment with a second quarter results. That's it.

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So those are kind of like the facts. So now

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we can go into Philip's crazy world. And I think

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this all comes down to debt. That's it. And I,

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I don't want to, you know, I don't want to oversimplify.

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I'm sure there's a lot of other things, but I

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think it all comes down to the day as it

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always does. It's all about, it's always all.

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About the money.

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It's like follow the money. And I think the money

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here is the debt. And here's why I think now.

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And this is just me. This is just me. And

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this is not an investing show. We're not financial advisors.

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So just take all that in mind. But we all

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know also that the Fed recently hiked interest rates. Well,

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remember that Six Flags has a lot of debt. Some

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of that debt is variable.

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Actually, $ 1.

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46 billion or $ 1.

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48 billion of it is variable.

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Variable, which means that interest rate on that $ 1. 48 billion

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actually moves. So when the Fed raised interest rates last week,

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it cost an extra $ 4 million for Six Flags in

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just interest that they have to pay on that. And

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it looks like the Fed's going to continue to raise

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interest rates. We're not sure, but right now people are

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thinking they might raise it. So every time they move it,

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That's an extra $ 4 million that they're paying on that

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because that is variable. But it gets a little bit

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more complicated because if you remember in January, we talked

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about them having to refinance and roll over some of

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their maturing bonds. So each time that a new bond

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is going to come due, they're going to likely refinance it.

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We talked about how that's normal. This is all normal.

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But I'm just saying, when you're refinancing into a higher

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interest rate environment, that means it's costing more. And so

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I think this could be maybe why Janet is pushing now,

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just because we started off the year thinking the Fed

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might cut interest rates. And now we just had a

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rate hike, the first one in a long time, and

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it looks like more might be coming. I think that

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is more the impetus, is that because of the debt load,

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And even though all this is normal, like this is all,

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this is all how companies operate normally, but I'm just

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kind of highlighting that the big problem Six Lives has

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had is that they are over levered with their debt

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and debt is becoming more expensive and money's becoming more expensive.

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And when you have this much of it, that's putting

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pressure on the business model. I think that's kind of

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just my thoughts on it, but Otherwise, Riley has been

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doing everything we've been discussing every week. I mean, they're

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trying really hard to right the ship and move this

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Titanic going in the right direction. But the question has

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always been, could they outrun the debt? And I think

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that Jan is probably just getting cold feet about it

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because of the environment.

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Well, and I'm going to.

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I think everything you have said is exactly spot on.

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I think, you know, but I also want to say

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that because going back to the very beginning when you

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first started talking about this, there has been no letter.

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There has been no official statement. This is all reporting.

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So I'm not saying it's untrue. I'm just saying that

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the company is not 100% confident enough to put something

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out quite yet. It is very common for companies to

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constantly say, evaluate what, um, other companies are going to

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be willing to pay for them. This is not, this

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is not an unusual thing in this or any other industry.

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You know, part of the reason that people form companies

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is so that eventually they can sell them for a profit. So, uh, there,

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there is, there is that. So this is, this is

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going back to what you're saying. This is just normal.

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This is very normal. Um, I think the challenge is.

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the with these with this incredible debt and with the

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interest rates going up that doesn't make them terribly marketable

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um unless it's going to someone who's got very very

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very very very deep pockets and they're they're in it

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for the long game um because you know it's like Yeah,

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we're selling because we've got this anchor of debt around

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our neck and we're sinking. You want to buy us?

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That's not the best sales pitch. Buy us before we sink.

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That's not the best sales pitch. So I think it's interesting.

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I'm sure, quite honestly, I am sure that there are

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plenty of investors, plenty of Janna folks who are kind

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of going, Hey, we, uh, we might want to dump

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this before it gets too much worse.

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Right.

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But their ability to do that, I think is going

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to be significantly limited by what's happening with interest rates,

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what's happening with the, and the fact that they are,

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I mean, they are in a world of hurt when

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it comes to debt. Um, what I think is also

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interesting is is, and this goes back to the March letter,

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but I haven't seen anything, and Philip, maybe you have,

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but I haven't seen anything that countermans this yet, and

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that is that, you know, Jana still seems to support

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Riley as the CEO. They may have issues, they may

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still have issues with the board, and that the board

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continues to operate in a way that seems, I don't know,

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what do they say in the original, like disjointed or

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dysfunctional or something like that. They may still have issues

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with that, but but the fact that they've got John

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in there and maybe, maybe they're supporting, you know, here's,

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this is Scott's crazy theory. Maybe they're continuing to support

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John Reilly because, well, first of all, I have a

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great deal of respect for John. I've known, I've, I've

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seen his work for years, but, but it's also possible

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that they are continuing to support John Reilly as, you know,

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we may have debt, but look at this great leader

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we have um, who's going to take it, you know,

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take it to the, the, the, uh, take it through this,

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this storm here and make it to the end. Um,

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so maybe they're using him as a selling point because

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he is, you know, he is the CEO, not, not

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a member of the board, which, you know, usually shifts

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anyway when there's a big sale. So, um, yeah, it's

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an interesting situation. I, I, I think that, you know, it,

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Everybody's everybody who's seen this and everybody I've talked to

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who's seen this is, you know, kind of up in

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arms running around going, Oh, they're looking to sell already

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and they can't stick it out, blah, blah, blah, blah, blah.

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But this is kind of common practice. I think we

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have to take that into consideration as well. Um, do

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they want to get out from under this debt? Absolutely.

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Are they going to look at every single opportunity to

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get out from under this debt? Absolutely. Is sale one

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of those opportunities?

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Perhaps.

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Perhaps, but I don't know who has deep enough pockets

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to buy them at this point to be able to

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take care of that debt. If there is a turn

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in the interest rates, then I think the possibility of

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sale for profitability or sale to stop loss is much

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more realistic. But at this point, I'm not sure who

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it would be.

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Right.

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I'm not sure who it would be. Yeah.

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I think it would have, I don't think it would

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be anyone that we're thinking of because the 5 billion,

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I mean, you're buying 5 billion of debt. Like that's

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just the debt is 5 billion. And then it's, it's

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costing more, not just to define it. It's causing more

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to finance it. So I think it probably isn't anyone

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that we're thinking of. I think if it was going

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to be somebody, it would be somebody that we are

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not thinking of. I mean, that's not, In a world

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where we have trillion-dollar companies, a $ 5 billion thing is

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not a lot. It's just in our sector, it seems

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like a lot. But maybe if it was someone like

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Meta or Google or Apple, there's plenty of people that

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can afford this. I think it's just that the people

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that usually is in our industry that go around and

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00:12:12.190 --> 00:12:14.039
purchase parks, I think it's a little bit outside of

218
00:12:14.120 --> 00:12:17.059
any of their budgets. Yep. Yep.

219
00:12:17.139 --> 00:12:19.240
It's got to be somebody who all of a sudden goes, hey,

220
00:12:19.580 --> 00:12:21.580
you know what? I think I want to own the

221
00:12:21.600 --> 00:12:24.340
largest theme park chain in the United States. Who is that?

222
00:12:25.570 --> 00:12:25.730
Yeah.

223
00:12:25.759 --> 00:12:26.429
Because they don't know.

224
00:12:27.090 --> 00:12:27.250
Right.

225
00:12:28.289 --> 00:12:29.049
And they owe how much?

226
00:12:31.149 --> 00:12:37.279
Yeah, that's right. Well, okay. We're keeping with Six Flags

227
00:12:37.299 --> 00:12:40.840
News here because there's an update to the X2 story

228
00:12:40.860 --> 00:12:44.610
that we talked about. Basically, it also came out on

229
00:12:44.870 --> 00:12:49.789
September 21st that three more writers have sued Six Flags

230
00:12:49.809 --> 00:12:53.250
Magic Mountain over brain injuries. And the firm that's representing

231
00:12:53.289 --> 00:12:57.289
them says that there's 100 additional clients that they have

232
00:12:57.330 --> 00:13:02.970
retained that will be filing soon, apparently. And who knows

233
00:13:03.029 --> 00:13:04.429
if that's actually going to happen. But at least we

234
00:13:04.460 --> 00:13:07.000
have these three news. We have three new ones on

235
00:13:07.039 --> 00:13:09.059
top of the two from July. So we have three

236
00:13:09.120 --> 00:13:13.129
new ones that just came in last week. And What's

237
00:13:13.230 --> 00:13:16.600
interesting to me about this one is that they're kind

238
00:13:16.649 --> 00:13:21.659
of alleging a broader pattern, basically, of kind of like

239
00:13:21.820 --> 00:13:30.320
criminal concealment, basically, where they're saying that basically the complaints

240
00:13:30.360 --> 00:13:33.120
allege that Six Flags knew of the rider's injuries immediately

241
00:13:33.259 --> 00:13:37.039
after they rode and that nevertheless continued to operate X2

242
00:13:37.100 --> 00:13:40.549
without adequately investigating the cause of the injury or warning

243
00:13:40.590 --> 00:13:47.039
subsequent riders. And what they're claiming is fraudulent concealment, right?

244
00:13:47.240 --> 00:13:51.490
Because they're framing it as kind of that they kind

245
00:13:51.539 --> 00:13:53.639
of knew, you know, fraudulent concealment. They knew this was

246
00:13:53.679 --> 00:13:55.429
going on and they're continuing to do that. And that

247
00:13:55.450 --> 00:13:57.990
Six Flags has repeatedly sought to restrict public disclosure of

248
00:13:58.049 --> 00:14:02.029
evidence concerning X2 injuries and safety issues and understood that

249
00:14:02.090 --> 00:14:04.470
publicity could deter members of the public from writing the

250
00:14:04.490 --> 00:14:12.460
interaction and thereby adversely affect revenue. So... It's interesting because

251
00:14:12.500 --> 00:14:15.980
last time we talked about the story, I think the

252
00:14:16.100 --> 00:14:19.480
one thing everyone agreed in the comments is that it's

253
00:14:20.299 --> 00:14:24.970
like the worst ride, the roughest ride that anyone in

254
00:14:24.990 --> 00:14:27.909
the comments has experienced. And everyone I have spoken to

255
00:14:27.990 --> 00:14:31.049
since then has kind of, it's like that's what they

256
00:14:31.090 --> 00:14:34.330
remember is how rough this ride is. And I just,

257
00:14:34.409 --> 00:14:38.309
I don't think that's good. I mean, I, and now

258
00:14:38.750 --> 00:14:41.220
if there really are a hundred additional rides people and

259
00:14:41.259 --> 00:14:44.600
they put together a big consortium that comes after this

260
00:14:44.740 --> 00:14:50.379
i i don't know i mean i think it's all

261
00:14:50.419 --> 00:14:53.370
gonna shake out you know we'll you know we'll see

262
00:14:53.929 --> 00:14:57.090
because it's too early right now other than the the

263
00:14:57.149 --> 00:14:58.850
three new ones right it's too early to know how

264
00:14:59.110 --> 00:15:01.710
how scale how much of a scale this thing is

265
00:15:01.789 --> 00:15:07.220
but criminal concealment is a big allegation and i don't

266
00:15:07.250 --> 00:15:09.450
know I'm not an attorney.

267
00:15:09.570 --> 00:15:10.950
Well, I mean, I don't know. I guess my question,

268
00:15:11.470 --> 00:15:13.289
my question is, I'm not an attorney either. And I

269
00:15:13.330 --> 00:15:17.590
guess my question is, is that, is that what has

270
00:15:17.669 --> 00:15:21.190
been filed because, or is that is what they're alleging

271
00:15:21.269 --> 00:15:22.009
and leading to?

272
00:15:22.389 --> 00:15:25.100
They're just alleging, you know, you know how it is,

273
00:15:25.279 --> 00:15:26.039
you know how it is where.

274
00:15:25.960 --> 00:15:27.799
They go out and give spicy statements. Oh, I know

275
00:15:27.840 --> 00:15:29.519
exactly how it is. And that's, and that's why I

276
00:15:29.519 --> 00:15:30.919
want to bring, yeah, that's why I want to bring

277
00:15:30.960 --> 00:15:35.639
this up because so it, from, from what I understand,

278
00:15:35.700 --> 00:15:38.549
I mean, and again, Keep us honest. Correct me if

279
00:15:38.600 --> 00:15:42.559
this is incorrect. But it appears as though they have

280
00:15:42.600 --> 00:15:47.360
not been charged with criminal concealment.

281
00:15:47.940 --> 00:15:50.059
No, no, no, no. That's way down the line, right?

282
00:15:50.100 --> 00:15:55.139
We're just at step zero where you have these complaints

283
00:15:55.179 --> 00:15:57.419
being filed and the law firm is trying to make

284
00:15:57.460 --> 00:15:58.899
a bunch of noise about it because that's what they do.

285
00:15:59.220 --> 00:16:02.320
They're going out and they're like, hey, we have these...

286
00:16:02.610 --> 00:16:04.870
you know, three more people have come forward and we

287
00:16:04.909 --> 00:16:07.009
have a hundred more that are on retainer that are

288
00:16:07.129 --> 00:16:09.220
potentially going to come forward. And this is a mass

289
00:16:09.250 --> 00:16:11.840
conspiracy that, you know, that's kind of what the, but

290
00:16:11.879 --> 00:16:13.039
that's the law firm's job.

291
00:16:13.740 --> 00:16:16.360
I mean, that is exactly, they are setting, they are

292
00:16:16.399 --> 00:16:21.919
setting the stage for a, a big controversial. And, and

293
00:16:22.340 --> 00:16:26.860
it amazes me how much people will support parks until

294
00:16:26.899 --> 00:16:28.539
such time as they think they can make money off

295
00:16:28.559 --> 00:16:31.799
of them from a lawsuit. And then all of a sudden,

296
00:16:33.370 --> 00:16:36.190
And I'm not saying that these five cases are not legit.

297
00:16:36.289 --> 00:16:41.470
I'm not saying that X2 is a pleasant boat ride

298
00:16:41.990 --> 00:16:45.070
through a dark warehouse. I get it. I get it.

299
00:16:46.740 --> 00:16:51.879
But I kind of want to right-size the indignation here.

300
00:16:51.899 --> 00:16:55.379
I guess that's kind of my mood today. I don't know.

301
00:16:56.120 --> 00:16:59.570
Maybe I'm just too tired to be all stand-up and fight.

302
00:17:00.379 --> 00:17:02.139
But I want to write it because I love it when,

303
00:17:02.299 --> 00:17:06.529
when anyone on either side of any sort of allegation

304
00:17:07.009 --> 00:17:11.309
uses phrases like there are more than 100 additional clients.

305
00:17:11.930 --> 00:17:12.170
Yeah.

306
00:17:12.750 --> 00:17:17.250
Okay. So that's just vague enough that, that, that have

307
00:17:17.289 --> 00:17:19.579
retained it, that have retained us, that have retained us.

308
00:17:19.589 --> 00:17:21.769
So that doesn't even mean they've charged. It doesn't mean

309
00:17:21.789 --> 00:17:24.160
they have any claim. It means that they've contacted a

310
00:17:24.150 --> 00:17:28.359
lawyer because they found out hey, you're handling those X2 things.

311
00:17:29.079 --> 00:17:30.619
I had a headache for two days. I bet I

312
00:17:30.640 --> 00:17:34.349
have a brain injury. And I'm not saying that they don't.

313
00:17:34.430 --> 00:17:36.710
Don't misunderstand me. I'm not saying that these are not legit.

314
00:17:36.750 --> 00:17:43.789
What I am saying is once the avalanche starts, the

315
00:17:44.190 --> 00:17:48.809
pebbles chime in much quicker. And again, the lawyer's job

316
00:17:49.150 --> 00:17:53.089
is to make money. So when the law firm throws

317
00:17:53.170 --> 00:17:56.410
out things like, there are over a hundred additional clients.

318
00:17:56.630 --> 00:17:59.509
It's like, Oh, well, gosh, then I guess my claim

319
00:17:59.569 --> 00:18:03.359
was legit. Maybe I should contact them too. Um, you know,

320
00:18:03.400 --> 00:18:06.400
and eventually it becomes what a class action because it

321
00:18:06.460 --> 00:18:10.859
becomes so many people. Um, and that makes a whole

322
00:18:10.900 --> 00:18:12.500
heck of a lot more money if they win for,

323
00:18:12.900 --> 00:18:19.680
for the, uh, for the legal firm. Um, Yeah, I

324
00:18:19.759 --> 00:18:25.059
don't know. There's no question that X2, although I've never

325
00:18:25.119 --> 00:18:28.220
ridden it, but from everything I've seen, there's no question

326
00:18:28.240 --> 00:18:28.720
it's a rough ride.

327
00:18:29.400 --> 00:18:29.539
Yep.

328
00:18:29.700 --> 00:18:33.859
There's no question at all. And, you know, if people

329
00:18:33.900 --> 00:18:38.400
got injured, when they immediately lean into that the companies

330
00:18:38.440 --> 00:18:47.619
are trying to hide facts or I even go into...

331
00:18:48.700 --> 00:18:56.519
the not properly maintained, all of, all of that. It

332
00:18:56.680 --> 00:18:58.880
sounds a little me thinks that does protest too much

333
00:18:59.079 --> 00:19:01.119
that they don't really have as much of a claim

334
00:19:01.359 --> 00:19:03.099
or as much of a case as they would like.

335
00:19:03.599 --> 00:19:06.339
So they are trying to find more and more things to,

336
00:19:06.619 --> 00:19:10.519
to add onto it, to make it, to make it grander. Um,

337
00:19:10.579 --> 00:19:12.759
because again, that's the way they make money. That's what,

338
00:19:13.680 --> 00:19:15.420
that's the way they get money for their, for their,

339
00:19:16.019 --> 00:19:20.839
for their clients as well. So, Yeah, I'm curious to

340
00:19:20.880 --> 00:19:24.839
see how this frames out. And again, I don't think it's...

341
00:19:26.160 --> 00:19:28.619
If I were going to make a case based on

342
00:19:28.660 --> 00:19:31.259
what I've heard and what I've known, I don't think

343
00:19:31.279 --> 00:19:37.299
fraudulent concealment is... Well, it clearly hasn't been proven. Let's

344
00:19:37.319 --> 00:19:39.880
just put it that way. It clearly hasn't been proven.

345
00:19:40.119 --> 00:19:43.940
And if these cases do move forward and that comes

346
00:19:44.079 --> 00:19:48.160
up and there is more evidence presented, that's fine. But again,

347
00:19:48.180 --> 00:19:49.529
I just want to make sure that we're looking at

348
00:19:49.569 --> 00:19:52.599
this going, okay, this is definitely something to keep our,

349
00:19:53.470 --> 00:19:55.900
our eyes on. And, and I will tell you, if

350
00:19:55.940 --> 00:19:59.920
you are truly outraged by this, do not ride X2.

351
00:20:01.019 --> 00:20:09.539
Just saying. Oh, okay. Uh, Yeah.

352
00:20:09.559 --> 00:20:11.000
Well, there's our quick updates.

353
00:20:11.240 --> 00:20:11.599
We're not.

354
00:20:11.640 --> 00:20:14.119
Yeah. Again, we don't have the legal specialty to.

355
00:20:14.170 --> 00:20:15.230
And we're not lawyers.

356
00:20:15.789 --> 00:20:18.150
Nope. But not at all. Just an update on that

357
00:20:18.190 --> 00:20:20.829
story where it's not getting better. I think that's my point,

358
00:20:20.890 --> 00:20:23.710
is that it's not getting better. And now that the

359
00:20:23.789 --> 00:20:27.819
avalanche is starting, I don't think it's going to. So... Nope.

360
00:20:27.839 --> 00:20:29.319
It's just going the wrong direction. But.

361
00:20:30.579 --> 00:20:30.900
Okay.

362
00:20:31.240 --> 00:20:35.619
Let's... We're not really leaving Six Flags. We're kind of

363
00:20:35.660 --> 00:20:36.319
leaving Six Flags.

364
00:20:36.339 --> 00:20:36.940
You know, we....

365
00:20:39.109 --> 00:20:42.589
We're now moving Six Flags adjacent. Yeah, it's Six Flags adjacent.

366
00:20:42.609 --> 00:20:44.759
So remember that Six Flags sold a lot of parks

367
00:20:45.519 --> 00:20:48.299
to Enchanted Parks. That's what we call formerlies in our household.

368
00:20:48.339 --> 00:20:50.039
This is a formerly story.

369
00:20:50.059 --> 00:20:53.680
This is about parks that were formerly Six Flags parks.

370
00:20:54.180 --> 00:20:56.220
Yes, there are parks that were formerly Six Flags parks

371
00:20:56.259 --> 00:20:59.720
that then transformed into the Enchanted Parks brand. And it

372
00:20:59.900 --> 00:21:04.779
is now officially Enchanted Parks' first Halloween season. All of

373
00:21:05.019 --> 00:21:08.259
their events are open as of when we're recording this.

374
00:21:08.710 --> 00:21:12.569
this and they are doing halloween at all of the

375
00:21:13.930 --> 00:21:16.549
parks that in their chains would be valley fair worlds

376
00:21:16.589 --> 00:21:19.859
of fun mid-america adventure great escape digger land and water

377
00:21:19.880 --> 00:21:22.230
safari are all the ones in the internet parks chain

378
00:21:22.259 --> 00:21:25.559
and they're all doing halloween events and what it's just

379
00:21:25.619 --> 00:21:28.319
it's interesting because they are trying to kind of keep

380
00:21:28.539 --> 00:21:33.160
the same rough format and i guess we'll see if

381
00:21:33.720 --> 00:21:36.960
they continue with that next year. It's just, this is

382
00:21:37.000 --> 00:21:39.140
the hard year. Cause this is the transition year, right?

383
00:21:39.200 --> 00:21:40.920
Where you kind of have a lot of stuff kind

384
00:21:40.960 --> 00:21:43.940
of mid, mid processing. Right. And a lot of the

385
00:21:44.000 --> 00:21:46.839
regular consumers are not even aware of the sales as

386
00:21:46.880 --> 00:21:49.140
they never are. A lot of the people that just

387
00:21:49.160 --> 00:21:51.609
go are just never aware of what's going on. But

388
00:21:51.950 --> 00:21:54.529
so I think it's hard to sometimes change the events

389
00:21:54.589 --> 00:21:57.210
too much because the guests don't know what's going on.

390
00:21:57.650 --> 00:22:01.190
But basically what's interesting to me is all of them

391
00:22:01.250 --> 00:22:05.029
have a pretty heavy ham family. focus on them. And

392
00:22:05.589 --> 00:22:09.019
so all, all six of them are keeping with family events.

393
00:22:09.359 --> 00:22:13.019
And then for Valley fair worlds of fun, mid America

394
00:22:13.059 --> 00:22:17.079
and great escape are doing after dark haunt experiences. And

395
00:22:17.259 --> 00:22:21.500
they're following the same rough format where the daytime stuff,

396
00:22:22.039 --> 00:22:25.250

Six Flags Faces Another Sale Push, More X2 Lawsuits

Key Takeaways

Frequently Asked Questions

Why is JANA Partners pushing Six Flags to sell?

How much debt does Six Flags have?

What are the latest lawsuits against Six Flags Magic Mountain about?

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