Six Flags Says Magic Mountain’s Nov. 14 Shutdown Was Weather-Related, Not Permanent

Overview

• Six Flags confirmed Six Flags Magic Mountain closed on November 14 due to inclement weather, with tickets dated that day valid on any public operating day through December 31, 2025.
• A federal class-action lawsuit filed November 5 by the Municipal Pension Fund of Livonia, Michigan, in the Northern District of Ohio alleges a negligently prepared SEC merger statement that concealed deferred maintenance at legacy parks.
• The complaint names former CEO Selim Bassoul and current CEO Richard Zimmerman, asserting cost-cutting degraded guest experience and operations.
• For the quarter ending September 28, the company reported a $1.2 billion loss despite a 1% year-over-year attendance gain, and the share price has fallen from about $55 at the merger to roughly $16.
• Executives, including CFO Brian Witherow, have signaled potential park sales or downsizing to focus capital, following the November 2 permanent closure of Six Flags America in Bowie, Maryland.