Kings Island - History - Paramount's Kings Island (1992-2006)

Paramount's Kings Island (1992-2006)

In 1992, Paramount Communications Inc. (formerly Gulf+Western) purchased Kings Island and the rest of KECO's parks for $400 million. Paramount formed a new division known as Paramount Parks. They bought out the remaining 80% stake in Canada's Wonderland in 1993, raising the number of parks to five. That same year, Paramount Parks began incorporating themes from its movies into the park. Viacom entered the picture after acquiring Paramount in 1994, paving the way for the appearance of Nickelodeon themes. First was Nickelodeon Splat City, followed by Nickelodeon Central and eventually Nickelodeon Universe.

In 1997, a year after leaving Deerfield Township, the city of Mason annexed most of Kings Island. A temporary measure allowed for some land to remain in Deerfield in an attempt to appease park officials and reduce the impact on the township. The rest would be annexed in 1999. On June 14, 2005, Viacom announced intentions to split into two companies (Viacom and CBS Corporation) with CBS inheriting Paramount Parks. Seven months later, on January 26, 2006, CBS announced that the theme parks were for sale.

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Famous quotes containing the words island, paramount and/or kings:

    “Our island home
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    It is, said Gargantua, as Plato said ... that republics will be happy when kings philosophize or philosophers reign.
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