newlifeinstpaul (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
newlifeinstpaul) wrote2006-05-22 10:31 am
newlifeinstpaul) wrote2006-05-22 10:31 am
Cedar Fair - Paramount Parks Q&A revelations
- Nick licensing lasts 4 years, then they'll have to renegotiate
- The rate on their $2 billion in financing hasn't been set yet. It will depend on their corporate rating, except they've never been rated yet. They're hoping for a BB rating.
- Someone asked about retaining Paramount management; they said they were 'looking at it'
- FINALLY someone asked about the movie tie-ins; no hard answer. "They're being reviewed as we speak"
- Somebody asked "Snoopy vs. Spongebob: Any reduction in overall licensing costs?" No real answer, they're looking into it. It would cost more to move the Nick characters into the sister CF parks.
- Cedar Fair HAS purchased the Star Trek Experience ride in Las Vegas as well.
- The call facilitator is a complete mindless idiot.
If there's more I'll tell you.
ETA: They have to start borrowing money for capital, which they haven't had to do in the past before.
More: In their point of view, it takes about five years to 'turn a park around.' They felt it took five years to turn Dorney Park around; five years to turn Knott's around and needless to say, Geauga is still turning around.
A LIL MORE STUFFS: There's nothing planned for '07 at the Paramount parks on the scale of say, a Millennium Force...which makes sense for a park chain for sale. CF has the option of retaining rights on the Paramount-licensed stuff for another ten years, but can buy out of it now. Sounds as if they're choosing the latter.
- The rate on their $2 billion in financing hasn't been set yet. It will depend on their corporate rating, except they've never been rated yet. They're hoping for a BB rating.
- Someone asked about retaining Paramount management; they said they were 'looking at it'
- FINALLY someone asked about the movie tie-ins; no hard answer. "They're being reviewed as we speak"
- Somebody asked "Snoopy vs. Spongebob: Any reduction in overall licensing costs?" No real answer, they're looking into it. It would cost more to move the Nick characters into the sister CF parks.
- Cedar Fair HAS purchased the Star Trek Experience ride in Las Vegas as well.
- The call facilitator is a complete mindless idiot.
If there's more I'll tell you.
ETA: They have to start borrowing money for capital, which they haven't had to do in the past before.
More: In their point of view, it takes about five years to 'turn a park around.' They felt it took five years to turn Dorney Park around; five years to turn Knott's around and needless to say, Geauga is still turning around.
A LIL MORE STUFFS: There's nothing planned for '07 at the Paramount parks on the scale of say, a Millennium Force...which makes sense for a park chain for sale. CF has the option of retaining rights on the Paramount-licensed stuff for another ten years, but can buy out of it now. Sounds as if they're choosing the latter.