Paramount Parks
 Final Logo used from 2002 to 2006 | |
| Type | Subsidiary |
|---|---|
| Industry | Theme parks |
| Founded | August 17, 1992 |
| Defunct | June 30, 2006 |
| Fate | Acquired by Cedar Fair |
| Successor | Cedar Fair |
| Headquarters | Charlotte, North Carolina, US |
Number of locations | 7 (2006) |
| Key people | Alexander Weber Jr. (CEO) |
| Revenue | $0.42 billion (2005) |
| $0.24 billion (2005) | |
| Owner | National Amusements |
| Parent |
|
| Footnotes Financials as of December 31, 2005. | |
Paramount Parks, Inc. was an American amusement park company headquartered in Charlotte, North Carolina, United States. It was a subsidiary of the mass media company CBS Corporation, majority owned by National Amusements. Formed in 1992 through the acquisition of Kings Entertainment Company by Paramount Communications, it was the fourth-largest amusement park operator in the United States, hosting approximately 12 million visitors annually. Paramount Parks operated seven properties, including six amusement parks and one attraction.
The subsidiary became a part of Viacom after the latter acquired Paramount Communications in 1994. When Viacom split in 2005, Paramount Parks was reorganized under CBS Corporation, and the following year, CBS Corporation sold all Paramount Parks' assets to Cedar Fair for $1.24 billion. Cedar Fair later merged with Six Flags in 2024.