SeaWorld accused of withholding 'Sesame Street' royalties in lawsuit [USA TODAY]
United Parks & Resorts Inc. (PRKS)
Company Research
Source: USA TODAY
their decades-long relationship, accusing the theme park operator of withholding royalties and undermining the "Sesame Street" brand. In a complaint filed in Manhattan federal court, Sesame Workshop said SeaWorld, a unit of United Parks & Resorts PRKS.N, has been its exclusive U.S. theme park licensee for 45 years, opening several "Sesame Street"-themed parks and attractions featuring characters including Big Bird, Cookie Monster and Elmo. Sesame Workshop said SeaWorld has for a few years ignored the most recent licensing agreement, which dates from 2017, including by withholding royalties and closing sites, including the temporary closure of Sesame Place San Diego. According to the complaint, matters worsened in September when SeaWorld stopped paying royalties to Sesame Workshop altogether, and as a pretext to end the relationship made the "preposterous" accusation that the New York-based nonprofit failed to invest in its own brand. "SeaWorld's rogue, retaliatory actions pose
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PRKS
News
- Maxwell: Elmo sues Shamu. The wild case of Sesame Street vs. SeaWorld [Yahoo! Finance]Yahoo! Finance
- Q4 Earnings Highlights: United Parks & Resorts (NYSE:PRKS) Vs The Rest Of The Consumer Discretionary - Leisure Facilities Stocks [Yahoo! Finance]Yahoo! Finance
- Is There Now An Opportunity In United Parks & Resorts (PRKS) After Recent Share Price Slump [Yahoo! Finance]Yahoo! Finance
- Sesame Workshop lawsuit asks to end contract with SeaWorld owner [Yahoo! Finance]Yahoo! Finance
- SeaWorld Accused of 'Tarnishing' Beloved Sesame Street Brand amid Alleged Contract Breach: Lawsuit [Yahoo! Finance]Yahoo! Finance
PRKS
Earnings
- 2/26/26 - Miss
PRKS
Sec Filings
- 3/9/26 - Form 4
- 3/9/26 - Form 4
- 3/9/26 - Form 4
- PRKS's page on the SEC website