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NEWS
SeaWorld continuing with Chinese expansion plans despite domestic woes
POSTED 10 Aug 2017 . BY Tom Anstey
Despite recent setbacks in its latest earnings report, SeaWorld continues to move forward with its Chinese expansion plans following its partial acquisition by Chinese investment firm Zhonghong Zhuoye Group (ZZG) earlier this year.

Purchasing a 21 per cent stake of SeaWorld in March, ZZG and SeaWorld outlined their intention to design and develop future themed entertainment destinations, including theme parks, waterparks and FECs, in China, Taiwan, Hong Kong and Macau.

In its most recent earnings report, SeaWorld revealed it was not happy with results for the quarter, with plans to further slash costs while attempting to reshape itself following several years of turmoil.

Speaking during an earnings call, CEO Joel Manby said this action, however, would not affect the company’s long-term development plans.

“We're still moving forward in China,” he said. “We have light design work going on, but, really, it's a three-year study to figure out what is our process, what is our priority in China. We're looking at both FEC and theme park, and that's all actively ongoing. We hope to have an official agreement similar to what we had in Abu Dhabi as soon as possible.”

As part of the share purchase deal, two ZZG executives have joined SeaWorld’s board of directors. They are Yoshikazu Maruyama, president of the firm’s US operations, and chief strategy officer Wang Yongli, who has experience in global themed entertainment and business development in China.

“They're extremely good board members,” said Manby, commenting on the appointments. “They are very engaged and they want to see SeaWorld do well, and not only in the United States but also in China.”
RELATED STORIES
SeaWorld to cut further costs following poor first half of 2017


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SeaWorld names Marc Swanson as CFO


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Last captive orca born at SeaWorld dies


The last captive orca born under SeaWorld’s care has died after contracting what was thought to be pneumonia at its park in San Antonio, Texas.
SeaWorld reveals government subpoena requests


SeaWorld is being investigated by two US federal agencies looking into public statements by executives before and during August 2014, including comments about the controversial Blackfish documentary.
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Exclusive: Australian market recovering, says Village Roadshow COO as operator addresses safety concerns
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Coventry named UK City of Culture 2021
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Public art crucial for cities, argues designer who delivered Ai Weiwei's New York installations
One of the design team responsible for realising Ai Weiwei’s huge ‘security fence’ installations across New York has told CLADglobal the popularity of the project demonstrates why cities and developers would be “mad” not to commission creativity.
More news>
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NEWS
SeaWorld continuing with Chinese expansion plans despite domestic woes
POSTED 10 Aug 2017 . BY Tom Anstey
Despite recent setbacks in its latest earnings report, SeaWorld continues to move forward with its Chinese expansion plans following its partial acquisition by Chinese investment firm Zhonghong Zhuoye Group (ZZG) earlier this year.

Purchasing a 21 per cent stake of SeaWorld in March, ZZG and SeaWorld outlined their intention to design and develop future themed entertainment destinations, including theme parks, waterparks and FECs, in China, Taiwan, Hong Kong and Macau.

In its most recent earnings report, SeaWorld revealed it was not happy with results for the quarter, with plans to further slash costs while attempting to reshape itself following several years of turmoil.

Speaking during an earnings call, CEO Joel Manby said this action, however, would not affect the company’s long-term development plans.

“We're still moving forward in China,” he said. “We have light design work going on, but, really, it's a three-year study to figure out what is our process, what is our priority in China. We're looking at both FEC and theme park, and that's all actively ongoing. We hope to have an official agreement similar to what we had in Abu Dhabi as soon as possible.”

As part of the share purchase deal, two ZZG executives have joined SeaWorld’s board of directors. They are Yoshikazu Maruyama, president of the firm’s US operations, and chief strategy officer Wang Yongli, who has experience in global themed entertainment and business development in China.

“They're extremely good board members,” said Manby, commenting on the appointments. “They are very engaged and they want to see SeaWorld do well, and not only in the United States but also in China.”
RELATED STORIES
SeaWorld to cut further costs following poor first half of 2017


SeaWorld president and CEO Joel Manby has said the company is not happy with its results for the quarter as the operator plans to further slash costs while attempting to reshape itself following several years of turmoil surrounding its orcas.
SeaWorld names Marc Swanson as CFO


SeaWorld has named Marc Swanson as its new chief financial officer with Elizabeth Gulacsy taking up Swanson’s previous position of chief accounting officer.
Last captive orca born at SeaWorld dies


The last captive orca born under SeaWorld’s care has died after contracting what was thought to be pneumonia at its park in San Antonio, Texas.
SeaWorld reveals government subpoena requests


SeaWorld is being investigated by two US federal agencies looking into public statements by executives before and during August 2014, including comments about the controversial Blackfish documentary.
MORE NEWS
Exclusive: Australian market recovering, says Village Roadshow COO as operator addresses safety concerns
Following a year of turmoil for Australia’s theme park sector, the Gold Coast market is finally starting to show signs of recovery, according to Village Roadshow Theme Parks COO Bob White.
Renovation work starts on Manhattan Beach's pier aquarium
A historic pier and aquarium on Manhattan Beach, California, is undergoing a major renovation after reaching its fundraising targets.
Coventry named UK City of Culture 2021
Coventry will be the third UK City of Culture following an announcement by minister for Arts, Heritage and Tourism John Glen.
Public art crucial for cities, argues designer who delivered Ai Weiwei's New York installations
One of the design team responsible for realising Ai Weiwei’s huge ‘security fence’ installations across New York has told CLADglobal the popularity of the project demonstrates why cities and developers would be “mad” not to commission creativity.
More news>
LATEST JOBS
Head of Food and Beverage
Paultons Park
Salary: Competitive Salary & Benefits
Location: Paultons Park, United Kingdom
Visitor Operations Team Duty Manager
Chatham Historic Dockyard Trust
Salary: £22,000 pa
Location: Chatham, United Kingdom
General Manager
Sea Life
Salary: Competitive
Location: Concord, NC, United States
Front Office Manager
Legoland
Salary: Competitive
Location: Carlsbad, CA, United States
Duty Manager
Madame Tussauds
Salary: Competitive
Location: Hollywood, Los Angeles, CA, United States



 
 
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Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2017

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NEWS
SeaWorld continuing with Chinese expansion plans despite domestic woes
POSTED 10 Aug 2017 . BY Tom Anstey
Despite recent setbacks in its latest earnings report, SeaWorld continues to move forward with its Chinese expansion plans following its partial acquisition by Chinese investment firm Zhonghong Zhuoye Group (ZZG) earlier this year.

Purchasing a 21 per cent stake of SeaWorld in March, ZZG and SeaWorld outlined their intention to design and develop future themed entertainment destinations, including theme parks, waterparks and FECs, in China, Taiwan, Hong Kong and Macau.

In its most recent earnings report, SeaWorld revealed it was not happy with results for the quarter, with plans to further slash costs while attempting to reshape itself following several years of turmoil.

Speaking during an earnings call, CEO Joel Manby said this action, however, would not affect the company’s long-term development plans.

“We're still moving forward in China,” he said. “We have light design work going on, but, really, it's a three-year study to figure out what is our process, what is our priority in China. We're looking at both FEC and theme park, and that's all actively ongoing. We hope to have an official agreement similar to what we had in Abu Dhabi as soon as possible.”

As part of the share purchase deal, two ZZG executives have joined SeaWorld’s board of directors. They are Yoshikazu Maruyama, president of the firm’s US operations, and chief strategy officer Wang Yongli, who has experience in global themed entertainment and business development in China.

“They're extremely good board members,” said Manby, commenting on the appointments. “They are very engaged and they want to see SeaWorld do well, and not only in the United States but also in China.”
RELATED STORIES
SeaWorld to cut further costs following poor first half of 2017


SeaWorld president and CEO Joel Manby has said the company is not happy with its results for the quarter as the operator plans to further slash costs while attempting to reshape itself following several years of turmoil surrounding its orcas.
SeaWorld names Marc Swanson as CFO


SeaWorld has named Marc Swanson as its new chief financial officer with Elizabeth Gulacsy taking up Swanson’s previous position of chief accounting officer.
Last captive orca born at SeaWorld dies


The last captive orca born under SeaWorld’s care has died after contracting what was thought to be pneumonia at its park in San Antonio, Texas.
SeaWorld reveals government subpoena requests


SeaWorld is being investigated by two US federal agencies looking into public statements by executives before and during August 2014, including comments about the controversial Blackfish documentary.
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2017

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
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