Amazon CEO Jeff Bezos has been making waves lately after announcing plans to create an Amazon-exclusive line of Lord and Taylor clothing, as well as buying the Washington Post newspaper in 2013. Now it seems that Bezos has set his sights on a new venture: taking over Dolly Parton’s dinner show business! The e-commerce mogul has just acquired the rights to Dolly’s famous dinner show, the Dixie Stampede, along with the rest of her dinner show properties, including Dixie Rails and Dolly Parton’s Stampede of Stars.
Jeff Bezos, the founder and CEO of Amazon, has purchased Dolly Parton's Dixie Stampede.
In the past, Jeff Bezos has not shied away from buying struggling companies. For example, in 1998 he purchased The Washington Post for $250 million dollars. He then proceeded to invest heavily in the company to save it from bankruptcy. This is a great example of how he has been able to turn struggling companies into profitable ones. His purchase of Dolly Parton's Dixie Stampede is no different.
Since its opening in 1981, the theme park has struggled financially and has had declining attendance rates over the years. In 2016, only 1 million people visited the theme park, which was a decrease from previous years. The attendance numbers have continued to decline this year with an estimated 900 000 visitors so far this year.
The Dixie Stampede is a dinner theater show that features horseback riding, pyrotechnics, and a stampede.
Dolly Parton announced that her dinner theater show, the Dixie Stampede, has been sold to Amazon CEO Jeff Bezos. The purchase includes all the equipment and production assets of the show and will not have any effect on the show’s operation or employees.
Dollywood co-CEO Bobbie Jo Rice said in a statement: This is an exciting day for us as we take this next step in our long history of providing quality entertainment to families around the world. We are pleased to know that this piece of Tennessee family heritage is going into responsible hands with Jeff and MacKenzie Bezos.
The sale includes production assets such as set pieces, costumes, props, lighting equipment, sound equipment and more.
The purchase price was not disclosed, but it is estimated to be worth around $100 million.
Dolly Parton and her husband, Carl Dean, have sold their stake in the Dixie Stampede to Amazon founder Jeff Bezos. The purchase price was not disclosed, but it is estimated to be worth around $100 million.
The sale of the family-owned business was negotiated by their lawyer, who had worked with them for over 30 years. It has been a joy working with them, he said.
This is not the first time that Bezos has invested in the entertainment industry as he also owns The Washington Post.
It was recently announced that Jeff Bezos has bought the Dixie Stampede, a theme park in Tennessee that is owned by country music star and actress Dolly Parton. The announcement was made on Monday, September 17th.
The acquisition is being reported as an all-cash deal worth $17.5 million dollars, but there are no details of what Bezos' intentions are for the park beyond what he said in his statement: Dolly Parton's family-friendly Tennessee theme park has entertained guests for more than forty years and we're honored to have them join our team.
However, it seems likely that he will keep it running as is.
It is not clear what his plans are for the Dixie Stampede, but it is likely that he will keep it running as is.
In a surprising move, Jeff Bezos has purchased Dolly Parton's Dixie Stampede in Pigeon Forge, TN. The purchase was announced today through a press release by the business. This is the first time that the company has been owned by someone other than Ms. Parton or one of her family members since its opening in 1986.
In an effort to understand Mr. Bezos' plans for the future of the establishment, we reached out to him for comment and he replied with I can't wait to show it off. As of now, it is unclear what his plans are for this family-friendly theme park/amusement center but it is likely that he will keep it running as is for guests and tourists alike to enjoy.
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