Blackstone Drops SeaWorld in Sale to China’s Zhonghong Zhuoye
SeaWorld Entertainment, Inc. announced today that China-based Zhonghong Zhuoye Group Co., Ltd. will buy Blackstone’s 21 percent stake in the corporation. The sale represents a 33 percent premium to the stock price at close-of-business on Thursday, and will effectively remove Blackstone from any equity dealings with SeaWorld.
Further, as part of the transaction, SeaWorld will advise Zhonghong Holding exclusively on the concept development and design of theme parks, water parks, and family entertainment centers to be developed and operated by Zhonghong Holding, including exclusive rights in China, Taiwan, Hong Kong and Macau.*
*Source: SeaWorld Investors News Release, 3/24/17
The latter is cause for concern. China and Hong Kong are some of the biggest consumers of live dolphin purchases, including from Taiji’s notorious drive hunts. On February 9, Ulsan Aquarium, in South Korea imported two wild-caught dolphins from Taiji. Days later, one of the mammals died. Also last month, China’s Chimelong Ocean Kingdom announced a breeding program for orcas. The park currently houses five males and four females aged between 5 and 13 years. The mammals are believed to have been wild caught from Russian waters.*
*Source: National Geographic News, 3/17/17
SeaWorld CEO Joel Manby, in an attempt to help the corporation rebound, keeps promoting meaningful park experiences and experiences that matter. (Total revenues decreased by $26.7 million and attendance decreased by 471,000 individuals in 2016 as compared to the year before). Yet again we ask, experiences that matter – to whom?
Our message to SeaWorld and Zhonghong Zhuoye Group
SeaWorld and Zhonghong Zhuoye Group have an unprecedented opportunity to be leaders in dolphin conservation; to utilize revolutionary technologies and with their combined resources, provide a permanent retirement sanctuary for SeaWorld’s existing cetaceans. To remain a viable business means to nurture public support, as well as maintain the confidence of its stakeholders. What better way to do this than by affirming a commitment to the mammals themselves? The time is NOW to put the “sea” back into SeaWorld.
HOW YOU CAN HELP
- Breaking: Kasatka Dies at SeaWorld - August 16, 2017
- Op Ed: A Departure from Reality - August 10, 2017
- BREAKING: SeaWorld Tanks in 2Q and 1st Half 2017 Results - August 8, 2017
- BREAKING: Adios to Dolphin Shows in Mexico City - August 2, 2017
- Peggy Oki: Inspiration through Action! - July 25, 2017
- Breaking: SeaWorld’s Baby Orca Kyara is Dead - July 24, 2017
- VIDEO: Dolphins Wild and Free in the Big, Blue Sea - June 23, 2017
- Join us on Japan Dolphins Day - June 20, 2017
- Marine Mammal Commission Poised for Elimination - June 7, 2017
- Two More Species of Dolphins Added to Taiji’s Hunts - June 1, 2017
It might be true that we don't recall many moments from our early years. However, Cara's first memory of a dolphin had her begging her parents to ask the trainer to let the dolphin go! The problem with captivity was evident to her, even as a 4 year-old child.
A writer by trade, Cara has researched, investigated and documented dolphins suffering in captivity. From documenting dolphins incarcerated in buildings, cut-off from fresh air, sunlight and normal socialization to researching cases of animals imprisoned in solitary confinement, Cara is a dedicated dolphin welfare advocate.
It is her belief that education equals empowerment. The more information shared, the better our choices and knowledge of how to act as a positive and respectful voice for dolphins across the world.
Cara is based out of Canada and makes time whenever possible to observe dolphins in their natural environments. She is writing her first fiction novel but knowing her, the marine world will play a prominent role in her book!
"The use of animals for entertainment is nothing more than an abuse of dominance. Some of the most sentient species on the planet have been exploited to incomprehensible levels, all due to their inherent benevolence. Ironic, considering that we turn to the abused themselves for displays of humanity."
~ Cara Sands