SeaWorld is facing two major lawsuits over unpaid bills, including a $12 million suit from the city of San Diego for unpaid rent and a $10 million suit from Sesame Workshop for unpaid licensing fees related to Sesame Street characters at its parks. SeaWorld has struggled financially since the pandemic shut down its parks in 2020. The company argues it shouldn’t have to pay full price due to the unprecedented situation. However, the city and Sesame Workshop seem unwilling to cut SeaWorld slack. Considering SeaWorld recently tried to acquire Cedar Fair, it likely has the cash but doesn’t want to pay. The outcome of the lawsuits will determine if courts agree the pandemic warrants reduced payments. With over $20 million at stake, the results could significantly impact SeaWorld’s finances going forward.
SeaWorld has struggled financially since the pandemic shut down its parks in 2020.
Yeah, that’s what did it.
