SeaWorld and its former CEO, James Atchison, entered into a $5 million fraud settlement with the Securities and Exchange Commission over charges the company misled investors over the impact the Oscar-winning documentary film ”Blackfish” had on the aquatic theme park’s public reputation and business, regulators announced Tuesday.
In its filing in the Southern District of New York, the SEC referred to the “‘Blackfish’ effect” the 2013 documentary had on SeaWorld’s bottom line. A highly critical portrait of SeaWorld’s practices related to its iconic orca population, the documentary led to significant media attention directed at the company.
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