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Six Flags
Six Flags Entertainment Corporation is an American amusement park company headquartered in Charlotte, North Carolina, United States. It was formed on July 2, 2024, following a merger between longtime rivals Cedar Fair and the former Six Flags company. The combined company owns and operates 51 properties throughout North America, including amusement parks, water parks, and resorts. History Pre-merger Six Flags Theme Parks originated with the creation of The Great Southwest Corporation by Angus G. Wynne and other investors, who would go on to open the chain's original park, Six Flags Over Texas, in August 1961. After the Pennsylvania Railroad gained a controlling stake in the company's shares, a handful of new parks were constructed, and multiple independently-owned parks were purchased over the following two decades. Following the acquisition of Marriott Corporation's Great America theme park in 1984, Six Flags acquired the rights to feature Warner Bros.' ''Looney Tun ...
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Six Flags Great America
Six Flags Great America is a amusement park, theme park located in Gurnee, Illinois, within the northern Chicago metropolitan area. The theme park originally opened as Marriott's Great America on May 29, 1976, as one of two theme parks built by the Marriott Corporation. Six Flags acquired the amusement park in 1984 after the theme park division was an earnings disappointment for Marriott. The sale gave Six Flags rights to the ''Looney Tunes'' intellectual properties. In 1972, the Marriott Corporation bought rural land near the Interstate 94 in Illinois, Tri-State Tollway and had officially announced the theme park to the public the following year, in 1973. The new park would be built near identical to its sister park in Santa Clara, California, now named California's Great America. Designed by architect Randall Duell, the park was designed in a "Duell loop," in where the park was laid out in a full circuit circularly, as employees worked out of sight, in the middle of the park ...
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Six Flags (1961–2024)
Six Flags Entertainment Corporation, formerly Six Flags Theme Parks, Inc., was an American amusement park corporation, headquartered in Arlington, Texas. At its height, Six Flags owned more theme parks and waterparks than any other company: 42 properties in the United States, Canada, and Mexico, including theme parks, amusement parks, water parks, and a family entertainment center. In 2019, Six Flags properties hosted 32.8 million customers, the List of amusement park attendance figures, seventh-highest attendance in the world. Founded in the 1960s and named for its first theme park, Six Flags Over Texas, the company was known first as Six Flags, Corp., and later Six Flags, Inc. The company maintained a corporate office in Midtown Manhattan, and headquarters in Arlington, Texas. On June 13, 2009, the corporation filed for Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy protection, which it exited after corporate restructuring on May 3, 2010. On July 1, 2024, ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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WarnerMedia
Warner Media, LLC (Trade name, doing business as WarnerMedia) was an American multinational corporation, multinational mass media and show business, entertainment conglomerate (company), conglomerate owned by AT&T. It was headquartered at the 30 Hudson Yards complex in New York City. It was established as Time Warner in 1990 and was known by that name for most of its history, following a merger between Time Inc. and Warner Communications. The company had film, television and cable television, cable operations. Its assets included WarnerMedia Studios & Networks (which consisted of the entertainment assets of Turner Broadcasting System, Turner Broadcasting, HBO, and Cinemax as well as Warner Bros., which itself consisted of the film, animation, television studios, Warner Bros. Home Entertainment, the company's home entertainment division and Studio Distribution Services, its joint venture with Universal Pictures Home Entertainment, DC Comics, New Line Cinema, and, together with CBS ...
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President (corporate Title)
A president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between a president and a chief executive officer varies, depending on the structure of the specific organization. In a similar vein to a chief operating officer, the title of corporate president as a separate Job, position (as opposed to being combined with a "Corporate title#Senior management, C-suite" designation, such as "president and chief executive officer" or "president and chief operating officer") is also loosely Definition, defined; the president is usually the legally Legal recognition, recognized highest rank of Corporate title, corporate officer, ranking above the various Vice president#In business, vice presidents (including senior vice president and executive vice president), but on its own generally considered Hierarchy, subordinate, in practice, to the CEO. The powers of a president vary widely across organizations and such powers come fr ...
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Chairman
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as '' president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terminology Terms for the office and its holder include ''chair'', ''chairman'', ''chairwoman'', ''chairperson'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chair of a parliamentary chamb ...
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Jim Reid-Anderson
James Reid-Anderson (born 12 April 1959) is a British businessman who was formerly the president, chairman, and chief executive officer (CEO) of Six Flags Entertainment Corporation. Before working for Six Flags, Anderson was previously a healthcare adviser to both Apollo and the managing board of Siemens AG. Under Reid-Anderson, Dade Behring was acquired by Siemens. He succeeded interim CEO Al Weber Jr. in August 2010, who led the corporate restructuring of the company following its Chapter 11 bankruptcy and the ousting of former executives Mark Shapiro and Daniel Snyder. He held the position until February 2016, before his former position was reinstated in 2017 following the sudden departure of his successor, John Duffey. Anderson is responsible for having led Six Flags Theme Parks through an eight-fold increase in market value over a five-year period. Under his first period of leadership, the company set a new strategic direction, achieved all-time high guest and employee ...
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Grand Prairie, Texas
Grand Prairie is a city in the U.S. state of Texas, located in Dallas County, Texas, Dallas, Tarrant County, Texas, Tarrant, and Ellis County, Texas, Ellis counties with a small part extending into Johnson County, Texas , Johnson county. It is part of the Mid-Cities region in the Dallas–Fort Worth metroplex. It had a population of 175,396 according to the 2010 United States Census, 2010 census, making it the List of cities in Texas by population, fifteenth most populous city in the state. Remaining the 15th-most populous city in Texas, the 2020 United States census, 2020 census reported a population of 196,100. History The city of Grand Prairie was first established as Dechman by Alexander McRae Dechman in 1863. He based the name of the town on Big Prairie, Ohio. Prior to then, he resided in Young County, Texas, Young County near Fort Belknap (Texas), Fort Belknap. The 1860 U.S. Federal Census—Slave Schedules shows an A McR Dechman as having four slaves, ages 50, 25, 37 ...
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New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with a respective county. The city is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics, and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy. With an estimated population in 2024 of 8,478,072 distributed over , the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the nation's second-most populous city.
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Bankruptcy Protection
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ...
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Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions”
United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009.
The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system ...
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2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ...
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