Paramount Parks
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 Paramount Parks logo (1993-2002) "Where Else?" (2006)
"The Best of Hollywood Entertainment, Now Playing." (2005-2006) "The Only Place Thrills Are Paramount" (1994-2004?) "Life Should always be this good" (1995) "Where the Magic of the movies meet the thrills of a lifetime" (1993) |
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| Industry | Theme Parks and Themed Attractions |
|---|---|
| Fate | Sold to Cedar Fair |
| Founded | July 10, 1992 |
| Defunct | June 30, 2006 |
| Headquarters | Charlotte, North Carolina, U.S |
| Parent |
Paramount Communications (1992-1994) Viacom (1994-2006) CBS Corporation (2006) |
Paramount Parks logo (2002-2006)
Paramount Parks was an operator of theme parks and attractions, which annually attracted about 13 million patrons. Viacom had assumed control of the company as part of its acquisition of Paramount Pictures in 1994.
The company once owned and operated five theme parks in North America and managed Bonfante Gardens in Gilroy, California. From late 2001 until late 2004, Paramount Parks also managed Terra Mítica, an amusement park in Benidorm, Valencia, Spain. The company's flagship park was Paramount's Kings Island.
Paramount Communications, previously known as Gulf+Western, in turn had acquired the parks from Nelson Schwab and his management group. Schwab and his KECO Entertainment acquired the group in a management-led LBO from the Taft Broadcasting Company, which had built Kings Island in Cincinnati using cast off rides from Cincinnati's Coney Island and to this day there is a small area in the Cincinnati park called "Coney Island" (Named "Coney Mall" in later years) still featuring some of those original rides.
The parks were part of Viacom's Blockbuster Entertainment division until 2002 when they were moved back to Paramount Pictures. After another Viacom corporate shuffle in 2004 the parks became part of Viacom Recreation, a division of Nickelodeon and MTV Networks.
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