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NEWS
SeaWorld flounders as profits for the year drop US$10m
POSTED 06 Nov 2015 . BY Tom Anstey
SeaWorld must now look forward to what certainly is going to be a tough year after further public setbacks Credit: Shutterstock.com
SeaWorld continues to struggle in the wake of Blackfish as profits for the operator’s parks slumped by US$10m (€9.2m, £6.6m), according to the company’s recently released Q4 financial report.

SeaWorld’s shares – which have been cut in half since the release of the controversial Blackfish documentary, which catalogues alleged mistreatment of killer whales and the death of three people as a result – fell 9 per cent following the Q4 release to US$17.80 (€16.37, £11.73).

Profits for the year were still US$360m across all of SeaWorld Entertainment’s parks, lower than the US$370m forecast at the start of the year. In a statement the company attributed the drop in attendance, on top of big losses in previous quarters, due to “continued SeaWorld brand challenges” stemming from Blackfish.

Joel Manby, who was appointed SeaWorld CEO in March to combat the fall in profits and attendance, said during a conference call that despite the drop in attendance at SeaWorld, overall attendance for SeaWorld Entertainment, the parent company of SeaWorld which also operates Busch Gardens, would be up on the previous year, though did not reveal the exact figures.

SeaWorld must now look forward to what certainly is going to be a tough year after further public setbacks, including a breeding ban at its park in San Diego, continued pressure from animal welfare groups such a Peta and loss of corporate sponsors not wanting to associate themselves with the brand.

In response to the report, Manby said that the company did not act quick enough to address the fallout from Blackfish and the changing attitudes of the public towards its animals, but said that a new strategy for the year ahead would be revealed on 9 November, including a new yet-to-be-revealed attraction which won’t include whales.

“I am excited about how we evolve the SeaWorld brand to match the changing expectations of our guests,” he said.

RELATED STORIES
  SeaWorld to file lawsuit against California Coastal Commission in response to San Diego breeding ban


SeaWorld Entertainment has announced its intention to challenge the decision of the California Coastal Commission (CCC) to allow the company’s San Diego park to expand its orca habitats only on the basis that it no longer breeds the captive cetaceans.
  New SeaWorld enclosure comes at cost of breeding ban


The California Coastal Commission has granted SeaWorld planning permission to expand its Orca facility in San Diego on the basis that it cannot add any new whales from the wild to its tanks and that none of the park’s orcas will be allowed to breed.
  SeaWorld's orca tank expansion should go ahead, says California body


The California Coastal Commission – an independent, quasi-judicial government agency – has recommended SeaWorld’s expansion plans for its San Diego attraction should be permitted.
  SeaWorld profits down 84 per cent in latest earnings report


SeaWorld has attributed an 84 per cent drop in profits to its ongoing PR push as the company tries to repair its damaged reputation.
MORE NEWS
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The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
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NEWS
SeaWorld flounders as profits for the year drop US$10m
POSTED 06 Nov 2015 . BY Tom Anstey
SeaWorld must now look forward to what certainly is going to be a tough year after further public setbacks Credit: Shutterstock.com
SeaWorld continues to struggle in the wake of Blackfish as profits for the operator’s parks slumped by US$10m (€9.2m, £6.6m), according to the company’s recently released Q4 financial report.

SeaWorld’s shares – which have been cut in half since the release of the controversial Blackfish documentary, which catalogues alleged mistreatment of killer whales and the death of three people as a result – fell 9 per cent following the Q4 release to US$17.80 (€16.37, £11.73).

Profits for the year were still US$360m across all of SeaWorld Entertainment’s parks, lower than the US$370m forecast at the start of the year. In a statement the company attributed the drop in attendance, on top of big losses in previous quarters, due to “continued SeaWorld brand challenges” stemming from Blackfish.

Joel Manby, who was appointed SeaWorld CEO in March to combat the fall in profits and attendance, said during a conference call that despite the drop in attendance at SeaWorld, overall attendance for SeaWorld Entertainment, the parent company of SeaWorld which also operates Busch Gardens, would be up on the previous year, though did not reveal the exact figures.

SeaWorld must now look forward to what certainly is going to be a tough year after further public setbacks, including a breeding ban at its park in San Diego, continued pressure from animal welfare groups such a Peta and loss of corporate sponsors not wanting to associate themselves with the brand.

In response to the report, Manby said that the company did not act quick enough to address the fallout from Blackfish and the changing attitudes of the public towards its animals, but said that a new strategy for the year ahead would be revealed on 9 November, including a new yet-to-be-revealed attraction which won’t include whales.

“I am excited about how we evolve the SeaWorld brand to match the changing expectations of our guests,” he said.

RELATED STORIES
SeaWorld to file lawsuit against California Coastal Commission in response to San Diego breeding ban


SeaWorld Entertainment has announced its intention to challenge the decision of the California Coastal Commission (CCC) to allow the company’s San Diego park to expand its orca habitats only on the basis that it no longer breeds the captive cetaceans.
New SeaWorld enclosure comes at cost of breeding ban


The California Coastal Commission has granted SeaWorld planning permission to expand its Orca facility in San Diego on the basis that it cannot add any new whales from the wild to its tanks and that none of the park’s orcas will be allowed to breed.
SeaWorld's orca tank expansion should go ahead, says California body


The California Coastal Commission – an independent, quasi-judicial government agency – has recommended SeaWorld’s expansion plans for its San Diego attraction should be permitted.
SeaWorld profits down 84 per cent in latest earnings report


SeaWorld has attributed an 84 per cent drop in profits to its ongoing PR push as the company tries to repair its damaged reputation.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
 
COMPANY PROFILES
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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