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Stock impact report

SeaWorld Accused of 'Tarnishing' Beloved Sesame Street Brand amid Alleged Contract Breach: Lawsuit [Yahoo! Finance]

United Parks & Resorts Inc. (PRKS) 
Company Research Source: Yahoo! Finance
Natalia Senanayake 3 min read Sesame Street Land at SeaWorld Orlando Credit: Alamy; Zack Wittman/Bloomberg via Getty NEED TO KNOW Sesame Workshop is suing SeaWorld for allegedly withholding royalty payments and breaching their long-standing licensing agreement The non-profit organization has had a long-standing licensing agreement with SeaWorld for over 45 years, but they now wish to terminate the partnership They are claiming that SeaWorld's actions have harmed their brand and mission to support children's growth and education The non-profit organization behind the Sesame Street brand is suing SeaWorld and its parent company for an alleged breach of contract and unpaid royalty fees. According to a complaint filed on Thursday, March 12, and obtained by PEOPLE, Sesame Workshop — an independent organization that licenses the Sesame Street characters and name — is looking to end its long-running partnership with SeaWorld as a result of what they allege is the park's mi Show less Read more
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