SeaWorld in Orlando. (Photo: Peter Etchells/Shutterstock.com)
SeaWorld's sales and attendance were at record levels, but the company said legal costs led to a fourth quarter loss of $24.2 million. The costs stem from a class action settlement of a suit related to a film about Tilikum the whale.
February 27, 2020 at 01:10 PM
1 minute read
senior reporter
The original version of this story was published on Corporate Counsel
Despite increased sales and attendance, legal costs weighed down SeaWorld Entertainment Inc.’s fourth quarter finances, resulting in a $24.2 million loss.
The Orlando-based theme park operator had announced Feb. 11 that it would pay $65 million to settle a class action suit filed in 2014, as well as a related derivative suit. It said about $45.5 million of that would come from insurance.
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