November 14, 2022, 10:01 AM ·
Legoland proprietor Merlin Entertainments has appointed former NBA executive Scott O’Neil as the company’s new CEO.
O’Neil replaces Nick Varney, who is stepping down just after 23 yrs operating the themed amusement sights firm, whose other holdings also include Madame Tussaud’s, SeaLife, and many topic parks across Europe, including Alton Towers, Thorpe Park, and Gardaland. [Previously: Merlin Entertainments CEO Announces Retirement]”Nick has constructed an unbelievable business and realized unparalleled development in this marketplace and still there are still great upside prospects ahead to continue on the momentum,” O’Neil claimed. “We are actively constructing and exploring for new sights and internet sites. We are lucky in that we are not constrained to a single studio or written content pipeline and are trying to find more brand name associates to redefine the attractions business enterprise. “Merlin will also aggressively glance to expand our offerings and experiences in our present-day sights. I have been amazed by the talent, energy and perseverance of the persons at Merlin that I’ve met so considerably and am looking ahead to working with the broader team to deliver on the fascinating progress method.”
Scott O’Neil. Picture courtesy Merlin EntertainmentsO’Neil most recently served as CEO of the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils and before that labored as President of Madison Sq. Backyard Athletics, exactly where he oversaw business enterprise functions for the New York Knicks and New York Rangers. O’Neil can take in excess of at Merlin tomorrow. “Scott has significant practical experience in the amusement field, a verified keep track of-document of offering business transformation, and the vision and ambition to lead Merlin as a result of the following thrilling phases of its world-wide enhancement,” Merlin Chairman Roland Hernandez stated. “The Board has just about every confidence in him, and we search forward to operating intently with each other over the coming decades.”
Both equally sports activities and topic parks are multi-billion-greenback out-of-dwelling amusement companies with faithful fanbases. In lots of markets, although, NBA tickets can make theme park tickets look low-cost. And there’s no luxury tax, broadcast earnings share, or draft in the topic park business enterprise. So although the working day-to-working day economics might be different, the top intention of giving emotionally worthwhile and participating content for a price that buyers are keen to shell out stays consistent concerning athletics and topic parks.* * *
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