News

SeaWorld Stocks Sink to Unprecedented Lows

The fledgling aquatic park reports more than $200 million in lost profits, falling attendance, and share values at their lowest since its 2013 IPO.

This week, struggling aquatic park SeaWorld reported dismal sales, attendance, and stock values for its first and second quarter 2017 fiscal year. The park reported attendance was down by approximately 353,000 guests across its properties in the first half of 2017 and a net cash loss of $237 million in that time period. According to financial media outlet SeekingAlpha, SeaWorld’s share values “[sunk] to their lowest level ever since the company's IPO in 2013.” The company began a rapid decline since the release of the 2013 documentary Blackfish—damages from which SeaWorld failed to report to shareholders according to a current lawsuit against the company. Many marine animals have died inside of the park’s tanks, including Tilikum, the subject of Blackfish. “SeaWorld's death toll this year includes Tilikum the orca, Szejna the polar bear, a possibly inbred infant Commerson's dolphin, an infant beluga, and the infant orca Kyara—and her ailing grandmother is reportedly poised to follow her—and it's because of all this that the company's stock continues to take a pounding,” People for the Ethical Treatment of Animals’ Vice President Tracy Reiman said. “How many more animals will die, and how much lower will SeaWorld's profits go, before the company heeds PETA's call to move the surviving animals to coastal sanctuaries?” SeaWorld CEO Joel Manby said he plans to redirect funds to focus on advertising to rebuild the company’s reputation, particularly in California.

More News

Luxury Hotel Adds Vegan Butchers’ Meats to Menus

The Herbivorous Butcher's vegan meats are now available at luxe Loews Minneapolis Hotel as part of the chain's new Flavor by Loews Hotels initiative.
Read More »

Miyoko's Debuts Philadelphia-Style Vegan Cream Cheese

The vegan cheese company is expanding its product line thanks to a new state-of-the-art factory.
Read More »

Vegan Ground Beef Expands to 600 Stores in Denmark

Dansk Supermarked—the country's largest retailer—has made the Danish version of Beyond Burger available to 1.5 million shoppers.
Read More »

Vice News Likens Dairy Farm to The Handmaid's Tale

A Michigan dairy farmer forcibly impregnates cows with embryos of elite cows to create genetically superior animals, unlike the dystopian storyline of Hulu original The Handmaid's Tale.
Read More »

Indian Startup Debuts Vegan Mutton

Good Dot has developed a vegan replacement for mutton—India's second most-consumed meat—in an effort to fight the country's increased meat consumption.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »