 | |
| Company type | Subsidiary |
|---|---|
| Industry | Theme Parks and Themed Attractions |
| Founded | 1993 |
| Defunct | June 30, 2006 (sold to Cedar Fair) 2017 (licensing contract terminated) |
| Headquarters | Charlotte, North Carolina, U.S. |
Key people | 80 (2004) |
| Parent | Paramount Communications (1993-1994) Viacom (1994-2005) CBS Corporation (2005–2006) Cedar Fair (2006-2007) |
Paramount Parks was a subsidiary of National Amusements-owned Viacom, headquartered at its Paramount's Carowinds amusement park in Charlotte, North Carolina. At the time of its acquisition, the company owned and operated five amusement park/water parks, which annually attracted 13 million patrons. Viacom assumed control of the company as part of its acquisition of Paramount Pictures in 1994.
On June 30, 2006, Cedar Fair (now Six Flags) acquired the company, and the deal included a ten-year license to use the Paramount Parks name and theme, and a four-year license to use Nickelodeon names and themes.[1]
Cedar Fair declined to exercise the Paramount licenses and they dropped Paramount and CBS-licensed names from the parks after the 2007 season, but opted to retain Nickelodeon names and themes until after the 2009 season when this license expired.
- ^ "Meeting with potential lenders re: acquisition of Paramount Parks from CBS". www.sec.gov. Retrieved 2023-05-17.