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Stock impact report

SeaWorld sued for mishandling 'Sesame Street' brand [Yahoo! Finance Canada]

United Parks & Resorts Inc. (PRKS) 
Sesame Workshop said SeaWorld, a unit of United Parks & Resorts, ?has been its exclusive U.S. theme park licensee for 45 years, opening several "Sesame Street"-themed parks and attractions featuring characters from the iconic children's TV show, including Big Bird, Cookie Monster and Elmo. But in a complaint filed in Manhattan ?federal court, Sesame Workshop said ?SeaWorld has for a few years ignored the most recent licensing agreement, which dates from 2017, withholding royalties and closing ?sites, including 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 an imminent threat" to Sesame Workshop by tarnishing its reputation, going "rogue" in using its intellectual property, and "disappo Show less Read more
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