Wednesday, May 9, 2012

Disney vs. Six Flags

As known, Disney is not the only company with modern amusement parks in this world, let alone country. Many others compete with Disney for costumers, such as Six Flags. Six Flags has multiple locations in the United States and one in each Canada and Mexico. Obviously, these two economies differ and offer different benefits to customers. While Disney, for the most part, is thriving strong, Six Flags is suffering due to the increased competition with Disney and other amusement parks. In 2009 they nearly filed for bankruptcy when it had nearly $300 million of stocks due to holders that they did not have. They estimated if they filed for bankruptcy, attendance would drop 6%. The company escaped bankruptcy by buying stocks, but the economy of this company is still below that of Disney due to the popularity of Disney attractions (Arango).

More information about Six Flags' economy here.

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