Bankrupt – Six Flags
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Since the early 1960’s, Six Flags has grown to become the world’s largest theme park company, at one point, operating over 37 parks around the world. Their parks were beloved from their original property, Six Flags Over Texas, to others like Magic Mountain and Great Adventure. But after a series of terrible decisions, the company failed to make even the slightest profit and ultimately declared bankruptcy. In doing so, they left parks demolished or abandoned in their wake. Join me today as I find out why.
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As a coaster enthusiast, I really enjoyed this video. The Six Flags and Cedar Fair merger will be interesting and I am hopeful that the Six Flags parks will improves as a result.
Specially the one at Jersey
I feel cedar has always had its shit together and as long as they sack most of Six Flags execs this will turn out to be a good thing.
I’m just hoping they don’t take Cedar Fair down a peg. I’ve always enjoyed cedar point.
I hope it doesn’t have an affect on Canada’s Wonderland… It’s my local park and it’s managed well. I really don’t want that to change!
@@Omegapork Well, if some of their management goes to La Ronde to fix their wagon, then that’d be good change.
I feel like the main draw to six flags is that it’s a cheaper alternative to Disney/universal/etc. drastically raising the prices like that was such a horrible idea
It was!
As a roller coaster enthusiast who gets to frequent Magic Mountain and Knotts my draw are the roller coasters. If there was more themeing like other parks like Hersheypark, both Busch Gardens, Dollywood, etc. That would be awesome.
I get way to easily bored at USH and Disneyland as many of those attractions aren’t thrilling even though very well themed. Then again the coaster enthusiast is the minority among general park goers
No way you just called six flags a cheap disney knock off…
I thought the main draw was getting to see dozens of people fight and trample toddlers, over turkey legs.
@bserpas disney is incredibly boring. It’s popular because it’s designed for 5 year olds and old people. Universal now has some great rides and much better theming and events, so it beats six flags out in my books but only slightly because six flags still had more thrill rides.
I never thought that Six Flags would ever get into bankruptcy, but here we are now. Also what a wonderful way to end the year with this video. Great job BSF!
Thank you so much!
I live in NJ and I don’t really now too many people who still go to the Jackson NJ park . And it gets Cold here and they aren’t open all year round .
I’m pretty sure SF has gone bankrupt at least 2 times
@@samplautz5586 I’m pretty sure the only time was in 2009, the rest were close calls.
@@CJSPENOme too…the prices are insane…it’s now choosing eating dinner for a week…or a day at six flags…what would you pick?
Insane how horribly this company failed.
Yeah. It also shows a picture of what would happen to places like Disneyland if prices continue to be jacked up. Six Flags serves as a canary in the coal mine for companies like Disney.
Six Flags hasn’t been a failure. It has delivered exactly what the market wants – the maximum possible short-term return for owners and shareholders, and the maximum possible interest payments to banks and lenders. Doesn’t matter if it eventually bombs, the money will just move to the next best short-term opportunity.
corporate execs are totally worth their bloated salaries you guys! all with next to zero accountability!
As long as the curren cy we use is based on frac. Tional re. Serve bnaking, we will lose and get poorer.
It was because of some terrible financial decisions made by a greedy cheapskate who doesn’t know basic math and finances. Now the parks are in danger of permanently closing.
every upload, is better than the last. Thank you, Jake, for making such amazing content after all these years. Here is to a great 2024.
Thank you for making this year great!
I always found it interesting that Knotts regularly outperformed Magic Mountain, despite Magic Mountain having way more coasters
Knotts is definitely a more family oriented experience! More families more money spent at knotts!
@@jordancaleb3419 this is very true, however Disneyland is down the street from Knotts so it has heavy competition for families
Magic mountain has a quantity, but not the quality. Knots doesn’t have any many rides. But they have quality in ghost rider, xcellerator, montezumas revenge, and hang time. But magic mountain only really has apocalypse, Wonder Woman, west coast racers, and twisted colossus
@@carnauris1726knotts is cheaper than Disney which probably helps
@@carnauris1726Knott’s makes up for Disneyland by having more coasters & being significantly less expensive.
And their boysenberries & funnel cakes.
As a coaster enthusiast and a Six Flags employee, I really enjoyed this video! The history of this company has been a rocky, but interesting one. Here’s to the new merge with Cedar Fair and hopefully a bright future for all Six Flags parks!
_”Don’t count on it”_
— Magic 8-Ball
Another gem of a documentary. As always, well done, Jake! 👏❤🎉
You got the 60% off ?
why cry that ?
The main draw to Six Flags was instead of dedicating 4 days, airfare, and a lot of money for admissions and lodging, you could take your family or a group of friends to the local amusement park with none of that hassle. A day trip to Six Flags was wonderful and much lower cost and headache. But once they started raising their prices without any added benefit….well, it all went downhill
People who say Six Flags competes with Disney must live in Florida or California… because here in New York I’m telling you… the two companies are NOT competitors. I have a diamond elite membership to Six Flags and I go with my kids a dozen times each year. I went to Disney World TWICE in my life, once when I was a kid and once last summer with my own kids.
Blame the CEO for being a greedy cheapskate
I grew up in the Houston area and visited AstroWorld many times. It was a shock to everyone when it closed. Hard to believe it was considered more profitable to raze it and occasionally use the empty lot as overflow parking for events at the stadiums than to keep it going.
Right! What sense does that make? You close the one park that you have the most attendance to?
Bad management, so it was not profitable.
Local management is better.
From what I remember they thought they could get much more money for the land than they actually got. I believe the rodeo ended up buying it.
Astroworld became a ghetto full of ghetto kids. It became a daycare for future gang members. They ran the families off and with them the money They should have raised the prices to keep out the riff-raff. They became the Walmart of amusement parks.