Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

SeaWorld Stock Nosedives As 'Blackfish' Impacts Profits

In January, SeaWorld Entertainment was blustering its way through the controversy created by the documentary Blackfish. The film, which detailed allegations of mistreatment of killer whales at the company's marine parks, had a short theatrical run in the summer of 2013, followed by airings on CNN, release to DVD and availability at Netflix.

Despite controversy, SeaWorld maintains that the whales are healthy and happy, and that the parks provide them with a stimulating environment. Photo credit: Blackfish

The company refuted the movie's claims in several full-page newspaper ads and a flurry of media stories such as the one that appeared at DailyFinance "How SeaWorld Is Surfing to Profitability Over the Blackfish Scandal." The story touted SeaWorld's record attendance and revenue in 2013, causing the article to ask "Could the notoriety behind the widely watched documentary actually be helping SeaWorld?"

Apparently not.

Today International Business Times reports:

SeaWorld’s stock took a nosedive Wednesday after the company reported fewer ticket sales and lower second-quarter earnings. SeaWorld posted a 1.5 percent drop in revenue last quarter and shares dipped more than 30 percent Wednesday morning, an indication that investors are aware of the controversy surrounding the company and the 2013 documentary Blackfish.

This comes on top of the news in late July that Southwest Airlines had ended its 25-year marketing  partnership with SeaWorld.

While SeaWorld conceded that Blackfish has played a role in its stock dive, its release deflected the blame from the film to "media attention" surrounding proposed legislation in California to ban captive breeding and live performances of killer whales in the state. That legislation was inspired by the film, whose director, Gabriela Cowperthwaite, appeared with state assemblyman Richard Bloom when he introduced it in March.

SeaWorld also cited school schedule changes, bad weather and competition from other amusement facilities. It continues to maintain that the whales are healthy and happy, and that the parks provide them with a stimulating environment.

You Might Also Like

The Blackfish Effect: 40 Members of Congress Call on USDA to Revise Rules for Captive Marine Mammals

Southwest Airlines Ends Partnership With SeaWorld After ‘Blackfish’ Backlash

Sea World Responds to Blackfish Documentary, Sea Shepherd Sets the Record Straight

EcoWatch Daily Newsletter

A child stands in what is left of his house in Utuado, Puerto Rico, which was almost completely destroyed by Hurricane Maria, on Oct. 12, 2017. U.S. Coast Guard Petty Officer 1st Class Jon-Paul Rios. Flickr, CC by 2.0
By Mark Hertsgaard and Kyle Pope

To hear many journalists tell it, the spring of 2020 has brought a series of extraordinary revelations. Look at what the nation has learned: That our health-care system was not remotely up to the challenge of a deadly pandemic. That our economic safety net was largely nonexistent. That our vulnerability to disease and death was directly tied to our race and where we live. That our political leadership sowed misinformation that left people dead. That systemic racism and the killing of Black people by police is undiminished, despite decades of protest and so many Black lives lost.
Read More Show Less
President Trump's claim last September that Hurricane Dorian was headed for Alabama's gulf coast was quickly refuted by employees at the National Oceanic and Atmospheric Administration (NOAA). An independent investigation found that NOAA's chief violated the agency's ethics when he backed Trump's warning and doctored map that used a Sharpie to alter the storm's path, as EcoWatch reported.
Read More Show Less
African bush elephants in the Makgadikgadi Pans Game Reserve in Botswana on Nov. 22, 2016. Michael Jansen / Flickr

More than 350 elephants have died in Botswana since May, and no one knows why.

Read More Show Less
People relax in Victoria Gardens with the Houses of Parliament in the background in central London, as a heatwave hit the continent with temperatures touching 40 degrees Celsius on June 25, 2020. NIKLAS HALLE'N / AFP via Getty Images

The chance that UK summer days could hit the 40 degree Celsius mark on the thermometer is on the rise, a new study from the country's Met Office Hadley Centre has found.

Read More Show Less
A crowd of people congregate along Ocean Drive in Miami Beach, Florida on June 26, 2020, amid a surge in coronavirus cases. CHANDAN KHANNA / AFP / Getty Images

By Melissa Hawkins

After sustained declines in the number of COVID-19 cases over recent months, restrictions are starting to ease across the United States. Numbers of new cases are falling or stable at low numbers in some states, but they are surging in many others. Overall, the U.S. is experiencing a sharp increase in the number of new cases a day, and by late June, had surpassed the peak rate of spread in early April.

Read More Show Less
A Chesapeake Energy drilling rig is located on farmland near Wyalusing, Pennsylvania, on March 20, 2012. Melanie Stetson Freeman / The Christian Science Monitor / Getty Images

By Eoin Higgins

Climate advocates pointed to news Sunday that fracking giant Chesapeake Energy was filing for bankruptcy as further evidence that the fossil fuel industry's collapse is being hastened by the coronavirus pandemic and called for the government to stop propping up businesses in the field.

Read More Show Less

Trending

Youth participate in the Global Climate Strike in Providence, Rhode Island on September 20, 2019. Gabriel Civita Ramirez / CC by 2.0

By Neil King and Gabriel Borrud

Human beings all over the world agreed to strict limitations to their rights when governments made the decision to enter lockdown during the COVID-19 crisis. Many have done it willingly on behalf of the collective. So why can't this same attitude be seen when tackling climate change?

Read More Show Less