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

Muay Thai Fighter to Open Vegan Bakery in NYC

Vegan chef Watt Sriboonruang's Rawsome Bakery will land on Orchard Street in Manhattan—further veganizing a street occupied by vegan apparel company MooShoes and vegan store Orchard Grocer.
Read More »

Vegan Brand Breaks Indiegogo's Crowdfunding Record

Vegan meal shake startup Bear Brands raised more than $65,000 from 250 backers in the first day of its crowdfunding campaign.
Read More »

Playboy Playmate Amanda Cerny is Vegan

The former Playmate and current YouTube comedian confirms that she would never promote beef jerky to her 19 million social media followers because she is vegan.
Read More »

Luxe Department Stores Launch Decadent Vegan Menu

Harvey Nichols stores across the UK now serve upscale vegan dishes and wines at its seven locations.
Read More »

Mosa Meat to Debut Slaughter-Free Meat by 2020

The European company that made the first lab-grown hamburger—for a cost of $325,000—will soon debut on menus at upscale restaurants.
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 »