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SeaWorld Entertainment, Inc. Reports Second Quarter and First Six Months 2020 Results

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SeaWorld Entertainment, Inc. Reports Second Quarter and First Six Months 2020 Results

ORLANDO, Fla., Aug. 10, 2020 /PRNewswire/ — SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today reported its financial results for the second quarter and first six months of fiscal year 2020. 

Second Quarter 2020 Highlights 

  • Attendance was 0.3 million guests, a decline of 6.2 million guests from the second quarter of 2019.
  • Total revenue was $18.0 million, a decline of $388.0 million from the second quarter of 2019.
  • Net loss was $131.0 million, a decline of $183.7 million from the second quarter of 2019.
  • Adjusted EBITDA[[1]] was a loss of $53.8 million, a decline of $203.5 million from the second quarter of 2019.

First Six Months 2020 Highlights

  • Attendance was 2.6 million guests, a decline of 7.2 million guests from the first six months of 2019.
  • Total revenue was $171.6 million, a decline of $455.0 million from the first six months of 2019.
  • Net loss was $187.5 million, a decline of $203.2 million from the first six months of 2019. 
  • Adjusted EBITDA was a loss of $84.7 million, a decline of $250.8 million from the first six months of 2019. 

Other Highlights

  • On April 30, 2020, the Company closed on a $227.5 million private offering of 8.75% first-priority senior secured notes.
  • As of June 30, 2020, the Company had approximately $376 million of cash and cash equivalents on its balance sheet compared to a balance of approximately $400 million as of April 30, 2020, calculating to an average monthly net cash outflow of approximately $12 million per month.
  • On July 29, 2020, the Company amended its credit agreement to, among other things, further revise its financial covenant to suspend testing of the covenant through 2021 and modify the testing of the covenant in 2022.
  • On August 5, 2020, the Company closed on a $500.0 million private offering of 9.50% second-priority senior secured notes.
  • Adjusted for the gross proceeds of the notes offering and related transactions, as of June 30, 2020, the Company would have had approximately $565 million of cash and cash equivalents on the balance sheet and $311 million available on its revolving credit facility resulting in total liquidity of $876 million
  • As of August 10, 2020, nine of the Company’s twelve parks (including all five of its parks in Florida, its two parks in Texas, its park in Pennsylvania and one of its two parks in Virginia) have reopened with capacity limitations, reduced hours of operation and / or limited operating days.
  • In the second quarter of 2020, the Company helped rescue over 430 animals and surpassed 37,200 total rescues over its history.

“I am extremely proud of our team’s performance during this unprecedented and challenging time,” said Marc Swanson, Interim Chief Executive Officer of SeaWorld Entertainment, Inc. “Together, we have taken significant actions to reduce our costs, carefully manage our cash flows, fortify our balance sheet and liquidity position, implement enhanced health and safety protocols for our employees, guests and animals and successfully re-open and welcome guests back to nine of our twelve parks.”

“We are pleased with the feedback we have received from guests who have returned to our parks and with our ability to generate positive cash flow from these reopened parks at reduced attendance levels,” continued Swanson.  “While cautious, we are also encouraged by the improving trends we are seeing in our parks as we carefully reintroduce and reinvent events, entertainment offerings and other in-park experiences, ramp up our marketing efforts and add operating days and operating hours.  We are also seeing some positive indicators with growth in our pass base led by our open parks since the end of May and our 2021 bookings at our Discovery Cove park up significantly compared to 2020 bookings at the same time last year.”

“With the completion of our recent notes offering and covenant adjustment, we have significantly strengthened our balance sheet and liquidity position – providing us enhanced operating flexibility, the ability to continue to make long-term investments in our business and the capacity to take advantage of strategic opportunities that may arise from market dislocations.”

“I want to thank our ambassadors, our guests and loyal pass holders, and our financial and operating partners for their support and understanding over the past several months as we have all navigated this extraordinary time.  Our business model is flexible and resilient; while the future remains uncertain today, we feel very well positioned – with the right assets, team, balance sheet/liquidity – to navigate through this storm and emerge an even stronger and more profitable business.  We continue to have great confidence in our long-term strategy and sincerely look forward to fully opening all of our parks and driving improved operating and financial results and long-term value for all stakeholders,” concluded Swanson.

The Company’s second quarter financial results were significantly impacted by the global COVID-19 pandemic.  As previously announced, from March 16, 2020 to June 5, 2020, all of its parks were closed. Starting on June 6, the Company began the process of re-opening some of its parks beginning in Texas and then in Florida and by the end of the second quarter, seven of its 12 parks were operating with limited capacity, limited hours and/or limited days.  Due to the park closures, the Company’s second quarter of 2020 had a total of seven parks partially open with 98 operating days compared to a total of twelve parks fully open with 861 operating days in the second quarter of 2019. 

Attendance since the parks reopened in June has been impacted by capacity limitations due to COVID-19 social distancing guidelines, fewer operating days per week versus the prior year, limited marketing spend and a limited events line-up.  Despite these limitations, total park attendance at parks that have been open for at least 30 days, has increased 15% on a same park basis from the week ended June 28 (the first full week these parks were open) to the week ended August 2.  The Company believes attendance trends compared to prior year will continue to strengthen as it re-introduces special events, interactive experiences and other in-park offerings, which were temporarily suspended, and thoughtfully ramps up marketing spend.

The Company’s Discovery Cove park, which accepts reservations up to 18 months in advance, is showing strong 2021 bookings and significantly outpacing prior year to date.  In particular, 2021 forward bookings for Discovery Cove as of August 6, 2020 are 176% higher than 2020 bookings as of the same time one year ago.

The Company does not have an opening date for its SeaWorld San Diego park but is in regular contact with state and local authorities and sincerely looks forward to opening in San Diego and welcoming back its guests as soon as it’s safe and permitted to do so.  The Company does not currently plan to open its Aquatica waterpark near San Diego or its Water Country USA waterpark in Williamsburg this year.

Second Quarter 2020 Results

In the second quarter of 2020, the Company hosted approximately 0.3 million guests, generated total revenues of $18.0 million, net loss of $131.0 million and an Adjusted EBITDA loss of $53.8 million.  Net loss includes approximately $3.9 million of incremental pre-tax expenses associated with park re-opening costs due to the global COVID-19 pandemic.  Net income in 2019 includes approximately $4.3 million of pre-tax expenses associated with an equity transaction and approximately $0.1 million of pre-tax expenses associated with restructuring and other separation-related costs.

The decrease in attendance in the second quarter was due to the impact of the COVID-19 related park closures during the quarter.   The decline in total revenue was primarily a result of a decrease in attendance partially offset by improved in-park per capita spending (defined as food, merchandise and other revenue divided by total attendance) and an increase in admission per capita (defined as admissions revenue divided by total attendance). Admission per capita increased primarily due to the realization of higher prices across admission products, partially offset by the net impact of attendance mix related to higher pass attendance when compared to the prior year period.  In-park per capita spending increased primarily due to greater sales of certain in-park products and higher realized prices and fees, partially offset by reduced in-park offerings during the quarter. Adjusted EBITDA was negatively impacted by a decrease in total revenue partially offset by a decrease in operating expenses and selling, general and administrative expenses and the realization of cost savings initiatives. The decrease in operating expenses largely results from a reduction in labor-related costs due primarily to the COVID-19 temporary park closures.  Operating expenses also declined due to a reduction in nonessential operating costs which were deferred or eliminated due to the park closures as well as cost savings and efficiency initiatives.  Selling, general and administrative expenses decreased primarily due to a reduction in marketing and media related costs due to the COVID-19 temporary park closures as well as cost savings and efficiency initiatives.

Three Months Ended June 30,

Change

2020

2019

%

(In millions, except per share and per capita amounts)

Total revenues

$

18.0

$

406.0

(95.6)

%

Net (loss) income

$

(131.0)

$

52.7

NM

(Loss) earnings per share, diluted

$

(1.68)

$

0.64

NM

Adjusted EBITDA

$

(53.8)

$

149.7

NM

Net cash (used in) provided by operating activities

$

(27.6)

$

129.7

NM

Attendance

0.3

6.5

(95.8)

%

Total revenue per capita

$

66.27

$

62.82

5.5

%

Admission per capita

$

35.94

$

35.25

2.0

%

In-Park per capita spending

$

30.33

$

27.57

10.0

%

 

First Six Months 2020 Results
In the first six months of 2020, the Company hosted approximately 2.6 million guests and generated total revenues of $171.6 million, net loss of $187.5 million and an Adjusted EBITDA loss of $84.7 million. Net loss in the first six months of 2020 includes approximately $12.5 million of insurance proceeds related to a legal settlement gain as previously disclosed and $3.9 million of incremental pre-tax expenses associated with park re-opening costs due to the global COVID-19 pandemic.  Net income in the first six months of 2019 includes approximately $4.3 million of pre-tax expenses associated with an equity transaction and $2.6 million of pre-tax expenses associated with severance and other separation-related costs. 

The decrease in attendance was due to the impact of the COVID-19 related park closures during the period.  The decline in total revenue was primarily a result of a decrease in attendance partially offset by an increase in admission per capita.  In-park per capita spending was relatively flat. Admission per capita increased primarily due to the realization of higher prices, partially offset by the net impact of attendance mix when compared to the prior year period.  Adjusted EBITDA was negatively impacted by a decrease in total revenue partially offset by a decrease in operating and selling, general and administrative expenses along with the realization of cost savings and efficiency initiatives. The decrease in operating expenses largely results from a reduction in labor-related costs due primarily to the COVID-19 temporary park closures, a reduction in other nonessential operating costs which were deferred or eliminated due to the park closures and the impact of cost savings and efficiency initiatives. Selling, general and administrative expenses primarily decreased due to a reduction in marketing and media related costs due to the COVID-19 temporary park closures and the impact of cost savings and efficiency initiatives. 

Six Months Ended June 30,

Change

2020

2019

%

(In millions, except per share and per capita amounts)

Total revenues

$

171.6

$

626.6

(72.6)

%

Net (loss) income

$

(187.5)

$

15.6

NM

(Loss) earnings per share, diluted

$

(2.40)

$

0.19

NM

Adjusted EBITDA

$

(84.7)

$

166.1

NM

Net cash (used in) provided by operating activities

$

(68.3)

$

167.4

NM

Attendance

2.6

9.8

(73.6)

%

Total revenue per capita

$

66.22

$

63.92

3.6

%

Admission per capita

$

38.70

$

36.39

6.3

%

In-Park per capita spending

$

27.52

$

27.53

(0.0)

%

 

Liquidity Update

As of June 30, 2020, the Company’s cash and cash equivalents balance was approximately $376 million, compared to a balance of approximately $400 million as of April 30, 2020, which calculates to an average monthly net cash outflow of approximately $12 million per month.  

Adjusted for the gross proceeds of the notes offering announced by the Company on July 29, 2020 and related transactions, as of June 30, 2020, the Company would have had approximately $565 million of cash and cash equivalents on the balance sheet and $311 million available on its revolving credit facility resulting in total liquidity of $876 million

Conference Call

The Company will hold a conference call today, Monday, August 10, 2020 at 9 a.m. Eastern Time to discuss its second quarter financial results. The conference call will be broadcast live on the Internet and the release and conference call can be accessed via the Company’s website at www.SeaWorldInvestors.com.  For those unable to participate in the live webcast, a replay will be available beginning at approximately 12 p.m. Eastern Time on August 10, 2020 under the “Events & Presentations” tab of www.SeaWorldInvestors.com. The webcast replay will be available until the Company’s third quarter 2020 earnings conference call.  A replay of the call can also be accessed telephonically from 12 p.m. Eastern Time on August 10, 2020 through 11:59 p.m. Eastern Time on August 17, 2020 by dialing (877) 344-7529 from anywhere in the U.S., (855) 669-9658 from anywhere in Canada, or (412) 317-0088 from international locations, and entering conference code 10146383.

Statement Regarding Non-GAAP Financial Measures

This earnings release and accompanying financial statement tables include several supplemental non-GAAP financial measures, including Adjusted EBITDA and Free Cash Flow. Adjusted EBITDA and Free Cash Flow are not recognized terms under GAAP, should not be considered in isolation or as a substitute for a measure of financial performance or liquidity prepared in accordance with GAAP and are not indicative of net income or loss or net cash provided by operating activities as determined under GAAP. Adjusted EBITDA, Free Cash Flow and other non-GAAP financial measures have limitations that should be considered before using these measures to evaluate a company’s financial performance or liquidity. Adjusted EBITDA and Free Cash Flow, as presented, may not be comparable to similarly titled measures of other companies due to varying methods of calculation.

Management believes the presentation of Adjusted EBITDA is appropriate as it eliminates the effect of certain non-cash and other items not necessarily indicative of a company’s underlying operating performance. Management uses Adjusted EBITDA in connection with certain components of its executive compensation program. In addition, investors, lenders, financial analysts and rating agencies have historically used EBITDA-related measures in the Company’s industry, along with other measures, to estimate the value of a company, to make informed investment decisions and to evaluate companies in the industry. The presentation of Adjusted EBITDA also provides additional information to investors about the calculation of, and compliance with, certain covenants in the Company’s Senior Secured Credit Facilities. Adjusted EBITDA is a material component of these covenants.

About SeaWorld Entertainment, Inc.

SeaWorld Entertainment, Inc. (NYSE: SEAS) is a leading theme park and entertainment company providing experiences that matter, and inspiring guests to protect animals and the wild wonders of our world. The Company is one of the world’s foremost zoological organizations and a global leader in animal welfare, training, husbandry and veterinary care. The Company collectively cares for what it believes is one of the largest zoological collections in the world and has helped lead advances in the care of animals. The Company also rescues and rehabilitates marine and terrestrial animals that are ill, injured, orphaned or abandoned, with the goal of returning them to the wild. The SeaWorld® rescue team has helped more than 37,000 animals in need over the Company’s history.  SeaWorld Entertainment, Inc. owns or licenses a portfolio of recognized brands including SeaWorld®, Busch Gardens®, Aquatica®, Sesame Place® and Sea Rescue®. Over its more than 60-year history, the Company has built a diversified portfolio of 12 destination and regional theme parks that are grouped in key markets across the United States, many of which showcase its one-of-a-kind zoological collection. The Company’s theme parks feature a diverse array of rides, shows and other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for its guests.

Copies of this and other news releases as well as additional information about SeaWorld Entertainment, Inc. can be obtained online at www.seaworldentertainment.com. Shareholders and prospective investors can also register to automatically receive the Company’s press releases, SEC filings and other notices by e-mail by registering at that website.

Forward-Looking Statements

In addition to historical information, this press release contains statements relating to future results (including certain projections and business trends) that are “forward-looking statements” within the meaning of the federal securities laws. The Company generally uses the words such as “might,” “will,” “may,” “should,” “estimates,” “expects,” “continues,” “contemplates,” “anticipates,” “projects,” “plans,” “potential,” “predicts,” “intends,” “believes,” “forecasts,” “future,” “guidance,” “targeted,” “goal” and variations of such words or similar expressions in this press release and any attachment to identify forward-looking statements. All statements, other than statements of historical facts included in this press release, including statements concerning plans, objectives, goals, expectations, beliefs, business strategies, future events, business conditions, results of operations, financial position, business outlook, earnings guidance, business trends and other information are forward-looking statements. The forward-looking statements are not historical facts, and are based upon current expectations, estimates and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond management’s control. All expectations, beliefs, estimates and projections are expressed in good faith and the Company believes there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs, estimates and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements.

These forward-looking statements are subject to a number of risks, uncertainties and other important factors, many of which are beyond management’s control, that could cause actual results to differ materially from the forward-looking statements contained in this press release, including among others: COVID-19 and its impact on the length of time the Company’s parks will be required to remain closed or with limited capacity and the impact of these or other potential closures on the Company and its stakeholders, complex federal and state regulations governing the treatment of animals, which can change, and claims and lawsuits by activist groups; activist and other third-party groups and/or media can pressure governmental agencies, vendors, partners, and/or regulators, bring action in the courts or create negative publicity about us; factors beyond the Company’s control adversely affecting attendance and guest spending at its theme parks, including, but not limited to, weather, natural disasters, foreign exchange rates, consumer confidence, the potential spread of travel-related health concerns including pandemics and epidemics, travel related concerns, and governmental actions; incidents or adverse publicity concerning the Company’s theme parks, the theme park industry or zoological facilities; a decline in discretionary consumer spending or consumer confidence; risks affecting the States of Florida, California and Virginia which generate a significant portion of the Company’s revenues such as natural disasters, severe weather and travel-related disruptions or incidents; inability to compete effectively in the highly competitive theme park industry; animal exposure to infectious disease; high fixed cost structure of theme park operations; changing consumer tastes and preferences; cyber security risks and failure to maintain the integrity of internal or guest data; technology interruptions or failures that impair access to the Company’s websites or information technology systems; increased labor costs, including minimum wage increases, and employee health and welfare benefits; adverse litigation judgments or settlements; inability to protect the Company’s intellectual property or the infringement on intellectual property rights of others; the loss of licenses and permits required to exhibit animals or the violation of laws and regulations; loss of key personnel; unionization activities or labor disputes; inability to meet workforce needs; risks associated with the Company’s cost optimization program, capital allocation plans, share repurchases, acquisitions or other strategic initiatives and financing transactions; inability to maintain certain commercial licenses; inadequate insurance coverage; inability to purchase or contract with third party manufacturers for rides and attractions or construction delays; environmental regulations, expenditures and liabilities; suspension or termination of any of the Company’s business licenses, including by legislation at federal, state or local levels; delays, restrictions or inability to obtain or maintain permits; financial distress of strategic partners or other counterparties; changes to immigration, foreign trade, investments or other policies; inability to realize the full value of the Company’s intangible assets; changes in tax laws; tariffs or other trade restrictions; and other risks, uncertainties and factors set forth in the section entitled “Risk Factors” in the Company’s most recently available Annual Report on Form 10-K, as such risks, uncertainties and factors may be updated in the Company’s periodic filings with the Securities and Exchange Commission (“SEC”).Although the Company believes that these statements are based upon reasonable assumptions, it cannot guarantee future results and readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s opinions only as of the date of this press release. There can be no assurance that (i) the Company has correctly measured or identified all of the factors affecting its business or the extent of these factors’ likely impact, (ii) the available information with respect to these factors on which such analysis is based is complete or accurate, (iii) such analysis is correct or (iv) the Company’s strategy, which is based in part on this analysis, will be successful. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect new information or events or circumstances that occur after the date of this press release or to reflect the occurrence of unanticipated events or otherwise. Readers are advised to review the Company’s filings with the SEC (which are available from the SEC’s EDGAR database at www.sec.gov and via the Company’s website at www.seaworldinvestors.com).

CONTACT:

Investor Relations:
Matthew Stroud
Vice President, Investor Relations
855-797-8625
Investors@SeaWorld.com

Media:
Lindsay Walters
Vice President, Edelman
202-867-8014
Lindsay.Walters@Edelman.com

 

SEAWORLD ENTERTAINMENT, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

For the Three Months Ended June 30,

Change

For the Six Months Ended June 30,

Change

2020

2019

$

%

2020

2019

$

%

Net revenues:

Admissions

$

9,775

$

227,828

$

(218,053)

(95.7)

%

$

100,281

$

356,741

$

(256,460)

(71.9)

%

Food, merchandise and other

8,251

178,164

(169,913)

(95.4)

%

71,306

269,826

(198,520)

(73.6)

%

Total revenues

18,026

405,992

(387,966)

(95.6)

%

171,587

626,567

(454,980)

(72.6)

%

Costs and expenses:

Cost of food, merchandise and other revenues

1,153

32,006

(30,853)

(96.4)

%

14,257

49,219

(34,962)

(71.0)

%

Operating expenses (exclusive of depreciation
and amortization shown separately below)

59,049

170,398

(111,349)

(65.3)

%

192,048

320,283

(128,235)

(40.0)

%

Selling, general and administrative expenses

21,104

67,205

(46,101)

(68.6)

%

48,058

109,969

(61,911)

(56.3)

%

Severance and other separation costs (a)

9

66

(57)

(86.4)

%

74

2,632

(2,558)

(97.2)

%

Depreciation and amortization

37,941

40,053

(2,112)

(5.3)

%

75,954

79,503

(3,549)

(4.5)

%

Total costs and expenses

119,256

309,728

(190,472)

(61.5)

%

330,391

561,606

(231,215)

(41.2)

%

Operating (loss) income

(101,230)

96,264

(197,494)

NM

(158,804)

64,961

(223,765)

NM

Other income, net

(1)

(79)

78

98.7

%

(13)

(52)

39

75.0

%

Interest expense

21,908

21,803

105

0.5

%

41,061

42,600

(1,539)

(3.6)

%

(Loss) income before income taxes

(123,137)

74,540

(197,677)

NM

(199,852)

22,413

(222,265)

NM

Provision for (benefit from) income taxes

7,892

21,889

(13,997)

(63.9)

%

(12,304)

6,782

(19,086)

NM

Net (loss) income

$

(131,029)

$

52,651

$

(183,680)

NM

$

(187,548)

$

15,631

$

(203,179)

NM

(Loss) earnings per share:

(Loss) earnings per share, basic

$

(1.68)

$

0.65

$

(2.40)

$

0.19

(Loss) earnings per share, diluted

$

(1.68)

$

0.64

$

(2.40)

$

0.19

Weighted average common shares

   outstanding:

Basic

78,093

81,520

78,153

82,432

Diluted (b)

78,093

82,167

78,153

83,216

 

 

SEAWORLD ENTERTAINMENT, INC. AND SUBSIDIARIES

UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(In thousands) 

For the Three Months Ended June 30,

Change

For the Six Months Ended June 30,

Change

Last Twelve Months Ended June 30,

2020

2019

$

%

2020

2019

$

%

2020

Net (loss) income

$

(131,029)

$

52,651

$

(183,680)

NM

$

(187,548)

$

15,631

$

(203,179)

NM

$

(113,703)

Provision for (benefit from) income taxes

7,892

21,889

(13,997)

NM

(12,304)

6,782

(19,086)

NM

20,442

Interest expense

21,908

21,803

105

0.5

%

41,061

42,600

(1,539)

(3.6)

%

82,639

Depreciation and amortization

37,941

40,053

(2,112)

(5.3)

%

75,954

79,503

(3,549)

(4.5)

%

157,008

Equity-based compensation expense (c)

3,320

4,084

(764)

(18.7)

%

(281)

7,282

(7,563)

(103.9)

%

3,543

Loss on impairment or disposal of
assets and certain non-cash expenses (d)

1,035

683

352

51.5

%

1,420

792

628

79.3

%

3,826

Business optimization, development and strategic initiative costs (e)

264

3,884

(3,620)

(93.2)

%

2,299

8,992

(6,693)

(74.4)

%

21,176

Certain transaction and investment costs and other taxes (f)

560

4,412

(3,852)

(87.3)

%

662

4,462

(3,800)

(85.2)

%

1,256

Other adjusting items (g)

4,271

215

4,056

NM

(5,954)

46

(6,000)

NM

29,954

Adjusted EBITDA (h)

$

(53,838)

$

149,674

$

(203,512)

NM

$

(84,691)

$

166,090

$

(250,781)

NM

$

206,141

Items added back to Adjusted EBITDA, after cost savings, as defined in the Amended Credit Agreement:

Estimated cost savings (i)

4,500

Adjusted EBITDA, after cost savings (j)

$

210,641

For the Three Months Ended June 30,

Change

For the Six Months Ended June 30,

Change

2020

2019

$

%

2020

2019

$

%

Net cash (used in) provided by operating activities

$

(27,559)

$

129,698

$

(157,257)

NM

$

(68,326)

$

167,386

$

(235,712)

NM

Capital expenditures

4,450

64,801

(60,351)

(93.1)

%

53,699

112,738

(59,039)

(52.4)

%

Free Cash Flow (k)

$

(32,009)

$

64,897

$

(96,906)

NM

$

(122,025)

$

54,648

$

(176,673)

NM

 

 

SEAWORLD ENTERTAINMENT, INC. AND SUBSIDIARIES

UNAUDITED BALANCE SHEET DATA

(In thousands)

As of June 30, 2020

As of December 31, 2019

Cash and cash equivalents

$

375,683

$

39,946

Total assets

$

2,577,398

$

2,300,518

Long-term debt, including current maturities:

Term B-5 Loans

$

1,500,131

$

1,507,883

Revolving Credit Facility

311,000

50,000

Senior Secured Notes

227,500

Total long-term debt, including current maturities

$

2,038,631

$

1,557,883

Total stockholders’ equity

$

9,121

$

210,892

 

 

SEAWORLD ENTERTAINMENT, INC. AND SUBSIDIARIES

UNAUDITED CAPITAL EXPENDITURES DATA

(In thousands)

For the Six Months Ended June 30,

Change

2020

2019

#

%

Capital Expenditures:

Core (l)

$

45,840

$

100,271

$

(54,431)

(54.3)

%

Expansion/ROI projects (m)

7,859

12,467

(4,608)

(37.0)

%

Capital expenditures, total

$

53,699

$

112,738

$

(59,039)

(52.4)

%

 

 

SEAWORLD ENTERTAINMENT, INC. AND SUBSIDIARIES

UNAUDITED OTHER DATA

(In thousands, except per capita amounts)

For the Three Months Ended June 30,

Change

For the Six Months Ended June 30,

Change

2020

2019

#

%

2020

2019

#

%

Attendance

272

6,463

(6,191)

(95.8)

%

2,591

9,802

(7,211)

(73.6)

%

Total revenue per capita (n)

$

66.27

$

62.82

$

3.45

5.5

%

$

66.22

$

63.92

$

2.30

3.6

%

 

(a) Reflects restructuring and other separation costs.  For the six months ended June 30, 2019 primarily relates to severance and other employment expenses for certain employees who were terminated during 2019.

(b)  During the three and six months ended June 30, 2020, the Company excluded potentially dilutive shares of approximately 2.3 million and 2.0 million, respectively, from the calculation of diluted loss per share as their effect would have been anti-dilutive due to the Company’s net loss in those periods. During the three and six months ended June 30, 2019, there were approximately 0.4 million and 0.3 million anti-dilutive shares of common stock excluded from the computation of diluted earnings per share, respectively.

 (c) Reflects non-cash equity compensation expenses associated with the grants of equity compensation.  For the six and twelve months ended June 30, 2020, includes a reversal of equity compensation for certain performance vesting restricted units which are no longer considered probable of vesting. 

(d) Reflects primarily non-cash expenses related to miscellaneous fixed asset disposals.  For the twelve months ended June 30, 2020, primarily reflects asset write-offs related to certain rides and equipment which were removed from service.

(e) For the six months ended June 30, 2020, reflects business optimization, development and other strategic initiative costs primarily related to $1.9 million of third party consulting costs.  For the three and six months ended June 30, 2019, reflects business optimization, development and other strategic initiative costs primarily related to: (i) $3.6 million and $5.9 million, respectively, of third party consulting costs and (ii) $0.1 million and $2.6 million, respectively, of severance and other employment costs associated with positions eliminated. For the twelve months ended June 30, 2020, reflects business optimization, development and other strategic initiative costs primarily related to $18.0 million of third party consulting costs and $1.6 million of severance and other employment costs.

(f) For the three and six months ended June 30, 2019, $4.3 million relates to expenses associated with a previously disclosed equity transaction.

(g) Reflects the impact of certain expenses, net of insurance recoveries and adjustments, which the Company is permitted to exclude under the credit agreement governing its Senior Secured Credit Facilities due to the unusual nature of the items.  For the three and six months ended June 30, 2020 includes approximately $3.9 million in incremental nonrecurring costs associated with the COVID-19 global pandemic.  For the six and twelve months ended June 30, 2020, includes $12.5 million of insurance proceeds related to a legal settlement gain as previously disclosed. For the twelve months ended June 30, 2020, also includes approximately $32.1 million related to a legal settlement charge, net of insurance recoveries, as previously disclosed.

 (h) Adjusted EBITDA is defined as net income (loss) before income tax expense, interest expense, depreciation and amortization, as further adjusted to exclude certain non-cash, and other items permitted in calculating covenant compliance under the credit agreement governing the Company’s Senior Secured Credit Facilities. 

 (i) The Senior Secured Credit Facilities permits the Company’s calculation of certain covenants to be based on Adjusted EBITDA, as defined above, for the last twelve month period further adjusted for net annualized estimated savings the Company expects to realize over the following 18 month period related to certain specified actions, including restructurings and cost savings initiatives.  These estimated savings are calculated net of the amount of actual benefits realized during such period. These estimated savings are a non-GAAP Adjusted EBITDA add-back item only as defined in the Amended Credit Agreement and does not impact the Company’s reported GAAP net (loss) income.  The Amended Credit Agreement limits the amount of such estimated savings which may be reflected to 25% of Adjusted EBITDA, calculated for the last twelve months before the impact of these estimated cost savings. 

(j)  The Senior Secured Credit Facilities permits the Company’s calculation of certain covenants to be based on Adjusted EBITDA, as defined above, for the last twelve month period further adjusted for net annualized estimated savings as described in footnote (i) above.

(k) Free Cash Flow is defined as net cash provided by (used in) operating activities less capital expenditures. Management believes that Free Cash Flow is useful to investors, equity analysts and rating agencies as a liquidity measure. The Company uses Free Cash Flow to evaluate its ability to generate cash flow from business operations.  Free Cash Flow does not represent the residual cash flow available for discretionary expenditures, as it excludes certain expenditures such as mandatory debt service requirements, which are significant. Free Cash Flow is not defined by GAAP and should not be considered in isolation or as an alternative to net cash provided by (used in) operating, investing and financing activities or other financial data prepared in accordance with GAAP. Free Cash Flow as defined above may differ from similarly titled measures presented by other companies. 

 (l) Reflects capital expenditures during the respective period for park rides, attractions and maintenance activities. 

(m)  Reflects capital expenditures during the respective period for park expansion, new properties, revenue and/or expense return on investment (“ROI”) projects.

 (n) Calculated as total revenues divided by attendance.

1 This earnings release includes Adjusted EBITDA and Free Cash Flow which are metrics that are not calculated in accordance with Generally Accepted Accounting Principles in the U.S. (“GAAP”). See “Statement Regarding Non-GAAP Financial Measures” section and the financial statement tables for the definitions of Adjusted EBITDA and Free Cash Flow and the reconciliation of these measures for historical periods to their respective most comparable financial measures calculated in accordance with GAAP. 

 

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Capturing the entertainment proclivities of racing fans

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Simon Fraser, XB Net: Capturing the entertainment proclivities of racing fans

Simon Fraser, XB Net: Capturing the entertainment proclivities of racing fans
Image Source: XB Net

Simon fraser, Senior Vice President of International at XB Net, discusses how XB Net is taking the sting out of protracted integration processes for sportsbook operators.

Backed by 1/ST Technology, Fraser walks us through the ways that XB Net is helping bettors to engage in all aspects of horse racing, before explaining how the company plans to use the Breeders’ Cup to broaden North American racing’s international reach.

SBC Americas: For those that might not know, can you tell us a little bit about XB Net? What’s the story behind the company and which markets are you targeting?

SF: XB Net provides a comprehensive North American racing service to international gaming operators across both fixed-odds and pool betting. The service covers the popular codes of thoroughbred, quarter-horse, harness and greyhound racing. Our key markets currently include the UK, Ireland, France, Italy, Turkey, Australia and New Zealand.

We manage the rights and distribute this premium content (data, odds, live broadcast and video streaming) on behalf of a broad progressive portfolio of global partners, allowing them to deploy ground-breaking technologies to attract and educate new audiences.

We’re lucky enough to be backed by a true powerhouse in 1/ST Group, whose consumer-facing brand forms a world-class technology, entertainment, and real estate development company with thoroughbred horse racing wagering at its heart – anchored by best-in-breed horse racing operations at the company’s premier racetracks, including (to name but a few): Santa Anita Park, Gulfstream Park – home of the Pegasus World Cup Championship Invitational Series; Laurel Park and Pimlico Race Course – site of the legendary Preakness Stakes.

And now the stateside stage is set for this year’s flagship finale at the Breeders’ Cup World Championships (5-6 November) in Del Mar. It all represents 1/ST’s continued movement towards redefining thoroughbred horse racing for a modern audience, and optimizing the ecosystem that drives it.

As a result, we can draw from an unrivalled network of over 60 North American tracks which account for over 75% of U.S. racing, opening the door to many of the planet’s most prestigious horse races.

SBC Americas: How is XB Net ensuring that it stands out from the competition?

SF: That aforementioned deep well of resources and racetracks isn’t a bad place to start from when you’re trying to positively delineate XB Net from the competition. And as a basic premise, we are planning to work with our partners across the globe to increase the awareness of North American horse racing, both as an exciting sport and as a high-quality betting medium.

By harnessing low-latency feeds from more than 2,500 meetings, showcasing over 25,000 races per year, North American racing is steadily accruing more global viewers and bettors, especially after a spell in which the pandemic has badly disrupted, if not decimated, so many events on the typical sporting calendar. While many of those sports have since recovered from the treatment table, North American racing – which mostly continued unaffected during the outbreak – has largely retained its enlarged audience share.

In the UK, some of that success and enduring retention can be attributed to the popular nightly pictures on Sky Sports Racing, whose friendly, informative GFN was instructive in “home-schooling” many new viewers to North American racing during the lockdowns.

Accordingly, with many heads having been turned by North American racing, the sport is now pulling up a comfortable seat in their wider entertainment choices. Particularly considering the nature of its rapid-cycling events, which conveniently fill the recreational gaps for drop-in audiences who might like a bet. Providing the right content at the right time remains so important, wherever you stick your pin on the international map.

XB Net’s steady stream of short-form premium content captures eyeballs and improves digital hang-time, allowing our partners to engage untapped audiences, deliver 24/7 horse racing, and also guard against any unforeseen impediments to the global sporting calendar.

SBC Americas: Tell us about your EasyGate™ products. How are they eliminating the complexity of North American racing?

SF: EasyGate is a breakthrough multitote technology and software architecture, providing structured race content, betting pathways and secure track video streams to our partners. Long story short, EasyGate navigates an intuitive path through the complexity of North American racing (from streaming formats to different data sources and their multivariate components), and also simplifies access to other content from other countries.

We give operators everything they need to succeed and take the sting out of protracted integration processes – just plug in and go, whatever the channel.

SBC Americas: Tote betting, and arguably horse racing in general, across the UK has had a tricky few years. How is XB Net making sure that racing is still the ‘product of choice’ for your partners?

SF: Our ability to present North American racing as a fixed-odds product allows us to take advantage of the UK market where Tote betting will always be a marginal betting product. Elsewhere, innovation around in-running betting can really allow horse racing to catch-up on any lost ground and reconsolidate its market position.

The complex variables of horse racing have meant this sport, for so long the retention backbone of many operators, hadn’t previously been able to seize the opportunities that other sports have secured with in-play. After all, nowadays, betting products must smoothly transition from pre-play to in-play, which is why operators must employ the latest trading tools and reactive in-play odds to attract modern-day audiences.

XB Net has now successfully trialed a ground-breaking feed that couples the Starting Price with the best of automated trading via Total Performance Data’s (TPD) astonishing array of consequential in-running analytics, including stride length, stride frequency and sectional timings enabled by saddle-cloth GPS tracking. These variables are accordingly harvested in-play by TPD’s machine-learning trading tools whose algorithms train themselves on race pace for precise pricing that delivers a distinct step-change in live fixed-odds wagering.

SBC Americas: How does your company help bolster revenue and support sometimes struggling traditional racetracks?

SF: I’d take issue with the word struggling. On the US side of the pond, the prize money at most tracks is very positive and betting turnover is up significantly. As a core technology in the wider arsenal of 1/ST and 1/ST Technology, XB Net is part of a broader company wide goal to sustain a successful business model while ensuring all stakeholders who work in the industry are cared for and supported.

That means delivering a fresh and holistic racing experience for the fans which captures the entertainment proclivities of every age group at the racetrack, especially the younger generation that is coming through. We are embracing this challenge and opportunity (sometimes two sides of the same coin!) at every touchpoint we have with our customers.

Just take our recent efforts with Historical Horse Racing (HHR) and how these terminals can provide workarounds for their local racetracks, increasing revenues where slots aren’t legal. As a result, HHR games can bolster revenues at traditional racetracks through direct new gaming revenue for operators who are directly tied to horse racing.

We also pay back a percentage to each host racetrack for every single wager placed, using each respective track’s historical races. This is akin to the simulcast live horse racing host-fee structures, in addition to paying horse racing industry stakeholders for the requisite historical race information data (e.g. Equibase).

At the tracks, our teams are working to modernize the horse racing experience, leveraging technology to bring an on-demand, digital experience to our customers. Ultimately, we’re targeting a growing audience looking for quick-fire action and engaging gameplay experiences driven by end-user thinking and the best interfaces that support that. Providing opportunities for consumers to engage in all aspects of horse racing – from live racetrack visits to simulcast viewing, online wagering and mobile – is the best way to grow our sport in a modern world.

SBC Americas: XB Net holds the international distribution rights for the upcoming Breeders’ Cup. In what ways is this agreement helping to broaden North American racing’s international reach?

SF: Self-evidently, our three-year contract extension with the Breeders’ Cup was a welcome endorsement of our team’s efforts over the past few years. The agreement comprises worldwide broadcast and video-streaming distribution rights from the Breeders’ Cup whose 2021 renewal, consisting of 14 Championship races and over $31 million in prize money and awards, is fast-approaching (5-6 November) at Del Mar racetrack in California next month. Del Mar is one of my favourite venues in all of sport, and its most common epithet of “where the surf meets the turf” tells you what sets it apart.

When the standard-bearer for elite North American racing selects you to further broaden the international reach of its world-class festival, you must be doing something right, and I’m pleased to say that sports fans and bettors around the globe can look forward to even more coverage of the World Championships.

You’re even seeing a suite of domestic host broadcasters (for example Sky Sports Racing and ITV in the UK) broadcasting all 14 races this year, which is ideal for growing the sport. Of course, the increasingly international make-up of these fields, bringing the best horses together from all around the world, only adds to the allure and transcendent appeal of the Breeders’ Cup for global audiences.

SBC Americas: And how will you help optimise and increase the returns to North American racing following what has undoubtedly been a challenging economic period?

SF: For us, it’s all about expanding markets and coverage, coupled with enhancements to our cutting-edge technologies. We’ve already launched in India, while we also have new Tote and fixed-odds roll-outs set for Asia and Africa.

Regarding the race tracks themselves, the more we can add to the service, the better-value our proposition will inherently become through sheer economies of scale. Again, we can return these cost advantages to the tracks. That even applies in Australia, where we’ve recently agreed a deal to add thoroughbred racing from the principal racing state of Victoria to our service which runs off the same infrastructure. We’re thrilled to be able to add more world-class contests for our partners, with the Victorian Spring Racing Carnival already capturing players’ imaginations.

As for what’s under the hood, we’re always refining and fine-tuning, despite having some of the most durable and trusted tech around. For instance, we actually just classified our pari-mutuel totalisator and fixed-odds wagering platform as a “legacy” product.

Instead, we’re replacing it with a next-gen wagering platform that will play a key role as 1/ST Technology continues to deliver on our vision to build upon the strengths of our current gambling platform while also extending its capabilities (e.g. quickly adding new bet types) – increasing speed to market, enhanced support of our customers’ needs, and unlocking the ability to efficiently onboard new consumers via verticals such as sports betting, esports, and other emerging opportunities. In short, it will allow us to react to the market with peerless agility.

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Window on Arts & Entertainment: Oct. 14, 2021 | Diversions

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Window on Arts & Entertainment: Oct. 14, 2021 | Diversions

The Majesty of Rock set to perform at First Friday Seminole

SEMINOLE — The Majesty of Rock, one of Florida’s most prestigious bands, will salute the music of Journey and Styx at First Friday Seminole, on Friday, Nov. 5, 6 to 9 p.m., on the main street in front of Studio Movie Grill at Seminole City Center, 11201 Park Blvd. N., Seminole.

Sponsored by Seminole City Center and The Rotary Club of Seminole Lake, this will be the final First Friday Seminole of 2021. The event will feature a variety of Seminole City Center merchants, food, prizes, and games, as well as a special concert by The Majesty of Rock. Attendees are asked to bring their own chairs. Coolers are not allowed. Vendors other than Seminole City Center tenants are not permitted.

The Majesty of Rock features the voice of John D’Agostino, coupled with the exceptional musical talents of four equally sophisticated and experienced musicians. That combination soon propelled the group to become one of the premier Journey reverence bands of our time. The band strives to re-create the exact sounds and nuances of Journey. Their passion for authenticity and attention to detail go a long way toward ensuring that the audience feels like they’re at a real Journey concert.

While the band has enjoyed performing the music of Journey, front man John D’Agostino also loves another American super group: Styx. Turns out the rest of the band are huge Styx fans, too. So, they began adding some of Styx’s best tunes to their already expansive repertoire of Journey material.

CWP to stage ‘Vanya and Sonia and Masha and Spike’






d-happenings101421-carrollwoodplayers

The cast and crew of the Carrollwood Players Theatre production of “Vanya and Sonia and Masha and Spike” include, front row, from left, Kaedin Cammareri, stage manager; Jason Goetluck as Spike; and Pauline Lara as Nina; and, back row, Se’a Ryan as Sonia; Stephanie Russell Krebs as Cassandra; Kenneth Grace as Vanya; Kari Velguth as Masha; and Alicia Spiegel, director.




TAMPA — Carrollwood Players Theatre will present its production of “Vanya and Sonia and Masha and Spike” by Christopher Durang, running Oct. 15-30, at the theater, 4333 Gunn Highway, Tampa.

Tickets are $24. Tickets now on sale at tinyurl.com/vanyacwp. Performances will be Fridays and Saturdays, 8 p.m.; and Sundays, 2 p.m. For information, call 813-265-4000 or visit carrollwoodplayers.org.

“Vanya and Sonia and Masha and Spike” won the 2013 Tony Award for Best Play.

Middle-aged siblings Vanya and Sonia share a home, where they bicker and complain about the circumstances of their lives. When Marsha, their movie-star sister, swoops in with her new boy toy, Spike, old resentments flare up, eventually leading to threats and chaos. Contributing to the excitement are a sassy maid who can predict the future, and a lovely young aspiring actress who can’t. Audiences will discover why Durang is lauded as the master of mining the absurdities of human folly.

Presented with the support of the Arts Council of Hillsborough County and the Hillsborough County Board of County Commissioners, this production will be directed by Alicia Spiegel.

“‘Vanya and Sonia and Masha and Spike’ is not exactly a well-known show, and the title can be a bit hard to remember … but audiences won’t soon forget the hilarious storyline,” Spiegel said. “I think everyone will relate to the family/relationship dynamics in this modern comedy laced with emotional baggage and heartfelt moments.”

The cast features Kenneth Grace as Vanya, Se’a Ryan as Sonia, Kari Velguth as Marsha, Jason Goetluck as Spike, Pauline Lara as Nina, and Stephanie Russell Krebs as Cassandra.

“Our cast has been perfecting their characters for almost a year a half since we were supposed to put this show on in April 2020 before the world changed,” Spiegel continued. “Luckily, CWP has decided to put it on this season and we are very ready to entertain audiences. They will be treated to sibling rivalry, a sexy young man barely wearing anything, a clairvoyant housekeeper whose predictions can’t be trusted, and a sweet girl next door who doesn’t know what she’s in for.”

“Vanya and Sonia and Masha and Spike” is presented by special arrangement with Dramatists Play Service Inc., New York.

Carrollwood Players offers a limited number of free tickets to every performance for low-income families receiving Florida SNAP benefits. For more information, visit carrollwoodplayers.org/theatreforall/.

Syd Entel Galleries to present Borowski glass exhibition

SAFETY HARBOR — An opening reception for a new glass exhibition by the world-famous Glass Studio Borowski will take place Friday, Nov. 12, 4 to 7 p.m.; and Saturday, Nov. 13, 11 a.m. to 5 p.m., at Syd Entel Galleries and Susan Benjamin Glass Etc., 247 Main St., Safety Harbor.

The Borowski’s “Odd Birds Walk of Fame,” a tribute to 20th century celebrities in glass, will run through Nov. 27. The show is open to the public. Gallery hours are Tuesday through Friday, 9:30 a.m. to 5 p.m.; and Saturday, 10 a.m. to 3 p.m. For information, call 727-725-1808 or email linda@sydentelgalleries.com.

Borowski is one of the leading modern glass studios worldwide. Stani Jan Borowski transforms the iconic Fat Gonzo light object into the wildly successful Odd Bird Series. The Odd Bird series has continued to grow into a collection of 22 famous celebrities from the world of art, music, media and science. These hand-blown glass creations are a work of art, unique and distinctive. All are wildly imaginative with recognizable characteristics of the many famous characters, such as Pablo Picasso, Vincent van Gogh, Elton John, Micheal Jackson, and Marilyn Monroe.

In addition to the Odd Bird Series, the gallery will have on hand a huge selection of work from the Borowski art objects, studio line and outdoor collection.

Cool Art Shop presents artisan holiday ornament tree

DUNEDIN — The Professional Association of Visual Artists will celebrate the upcoming holiday season with the annual Holiday Ornament Tree featuring handcrafted artisan ornaments, holiday décor, small gift items, and holiday greeting cards by various PAVA fine art and fine craft artists.

The tree is on display at The Cool Art Shop, 1240 County Road 1, Dunedin, in the Independence Plaza Square, through Thursday, Dec. 23. An open house reception will take place Friday, Oct. 15, 6 to 8 p.m., at the shop.

In addition to the Holiday Ornament Tree, The Cool Art Shop also displays and sells PAVA’s artists’ artwork which is comprised of an impressive collection of both visual and functional art for sale in both 2D and 3D mediums including painting, ceramics, photography, mixed media, drawing, pastels, sculpture, and jewelry in all price points. The artwork is rotated on a 6- to 8-week basis to keep the artwork fresh and new. Shop hours are Wednesday through Saturday, 11 a.m. to 4 p.m.

PAVA is a nonprofit organization run by volunteer artists to serve local artisans and support the arts community in the Tampa Bay area. It provides exhibition, education and grant opportunities for its members. Additionally, PAVA supports local art centers, and is a local sponsor of the Pinellas County Regional National Scholastic Art Awards where scholarships are provided to students for art instruction. Visit www.pava-artists.org.

Mat Kearney concert canceled

CLEARWATER — The Mat Kearney concert scheduled at the Nancy and David Bilheimer Capitol Theatre on Wednesday, Nov. 3, has been canceled.

Ticket holders will be contacted about refunds. For more information, visit www.RuthEckerdHall.com.

Creative Clay virtual exhibit opens

ST. PETERSBURG — Creative Clay presents “Celebrating Disability Employment Awareness,” October’s virtual exhibit, featuring artwork by Creative Clay’s member artists who actively create, market and sell their work. The exhitib opened Oct. 9.

This new exhibit coincides with National Disability Employment Awareness Month. According to the United States Department of Labor, the theme this year is “America’s Recovery: Powered by Inclusion,” which reflects the importance of ensuring that people with disabilities have full access to employment and community involvement during the national recovery from the COVID-19 pandemic.

Creative Clay promotes inclusion by empowering its artists to create art that is exhibited in its Good Folk Gallery, exhibited throughout the community and online, and market themselves as working artists. Many of Creative Clay’s member artists engage in training for potential employment. Creative Clay’s artists receive commission on all works sold.

NDEAM is held each October to commemorate the many and varied contributions of people with disabilities to America’s workplaces and economy. Employers, community organizations, state and local governments, advocacy groups and schools participate in celebrating NDEAM through events and activities centered around the theme of America’s Recovery: Powered by Inclusion.

Creative Clay’s Virtual Gallery also includes the artwork of many of Creative Clay’s member artists. All artwork is for sale through our online gallery at creativeclay.org.

St. Pete Arts Alliance awards to help young artists

ST. PETERSBURG — Awards received from the St. Petersburg Arts Alliance’s Funding Futures Program allowed 14 talented Pinellas County students to attend an arts camp this summer.

These students aspire to be musicians, actors, dancers, writers or visual artists. Creative Clay, American Stage, St. Pete MAD and others nominated creative, aspiring at-risk and/or low income students to attend their arts programs for the summer while parents of these students filled out applications showing artistic and financial need.

St. Petersburg Arts Alliance’s Funding Futures programs are dedicated to helping students nurture their creative interests and develop their expressive talent by providing funding to eligible students and connecting them to local after school arts programs or summer arts camps.

“It’s not just about the art for these students,” said Tracy Kennard, associate director of the St. Petersburg Arts Alliance. “It’s about gaining confidence, understanding collaboration and feeling compassionate towards others and how the simple act of learning new artistic traits, can teach skills that are the building blocks of a promising future in any industry.”

The St. Petersburg Arts Alliance’s Funding Futures Student Award program is designed to identify and encourage talented at-risk and/or low income emerging artists, ages 10-17 in Pinellas County seeking St. Petersburg programs in the categories of dance, music, jazz, voice, theater, digital arts, photography, cinematic arts, literary or visual arts. Funding Futures is open to all talented artists regardless of ethnic, social or economic background, or ability/disability.

Major funding sources from Tampa Bay Times Employee Matching Gifts, Suncoast Credit Union Foundation, and the Jacarlene Family Foundation have helped build the Funding Futures Grant Program for the past six years. For information on supporting this program, visit stpeteartsalliance.org/donate.

Livingston Taylor, Tom Chapin concert rescheduled

CLEARWATER — Due to a scheduling conflict, Livingston Taylor and Tom Chapin have rescheduled their concert at the Nancy and David Bilheimer Capitol Theatre.

Tickets purchased for the concert on Friday, April 1, will be honored on the new date, Sunday, April 3, at 8 p.m. Tickets, starting at $29, are on sale now. Visit www.RuthEckerdHall.com.

Sinbad show postponed

CLEARWATER — The Nancy and David Bilheimer Capitol Theatre recently announced stand-up comedian Sinbad has postponed his upcoming performance scheduled for Saturday, April 16, at 8 p.m.

Tickets will be honored on the new date to be announced soon. For more information, visit www.RuthEckerdHall.com.

Steep Canyon Rangers reschedule Capitol Theatre show

CLEARWATER — The Nancy and David Bilheimer Capitol Theatre recently announced that the Steep Canyon Rangers concert originally scheduled for Saturday, Nov. 13, at 8 p.m., has been rescheduled.

Tickets will be honored on the new date Saturday, Nov. 5, 2022, at 8 p.m. Tickets, starting at $25, are on sale now. Visit www.RuthEckerdHall.com.

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Window on Arts & Entertainment: Oct. 7, 2021 | Diversions

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Window on Arts & Entertainment: Oct. 7, 2021 | Diversions

Dunedin Wines the Blues music lineup set

DUNEDIN — The Downtown Dunedin Merchants Association recently announced the lineup for this year’s Dunedin Wines the Blues event, set for Saturday, Nov. 13, noon to 11 p.m., on Main Street in downtown Dunedin.

The 30th annual Dunedin Wines the Blues will offer attendees an opportunity to walk around the downtown area businesses, shop, eat, and browse a selection of street vendors. This year’s festival will present three stages of nonstop blues, with live music performances beginning at 2 p.m.

VIP tickets are on sale and include unlimited drinks and food as well as access to the VIP lounge area with couches, tables, stage views, big screens and VIP-only desserts and signature drinks. The VIP tent is open from 5 to 11 p.m. VIP tickets cost $125. For tickets, visit www.winestheblues.com.

Following is the music lineup for this year’s Dunedin Wines the Blues event:

Main Stage

  • 2 to 3:15 p.m. — Selwyn Birchwood
  • 3:45 to 5 p.m. — Beth Mckee Funky Time Band
  • 5:30 to 6:45 p.m. — Johnny Rawls Band
  • 7:15 to 8:45 p.m. — Damon Fowler
  • 9:15 to 10:45 p.m. — Vanessa Collier

West Stage

  • 2 to 3:15 p.m. — Ellie Lee Band
  • 3:45 to 5 p.m. — Steve Arvey
  • 5:30 to 7 p.m. — Alex Lopez
  • 7:30 to 9 p.m. — Sarasota Slim

East SBS Stage

  • 2 to 3:15 p.m. — Trey Wanvig
  • 3:45 to 5 p.m. — T Bone Hamilton
  • 5:30 to 7 p.m. — Brian Leneschmidt Band
  • 7:30 to 9 p.m. — Dottie Kelly Band

Performers and show times are subject to change without notice. For information, visit www.winestheblues.com.

Author releases new book, announces book signings

Reedy Press recently announced the release of “Tampa Bay Scavenger,” by Joshua Ginsberg.

You might think you know Tampa Bay, maybe even the weird, wonderful, and obscure parts of it, but get ready to take your exploring in an innovative and interactive new direction. With “Tampa Bay Scavenger,” you’ll embark on a gamified experience in the Tampa Bay area, complete with over three hundred clues to solve spanning seven counties.

From museums to natural wonders, historical markers, bars and restaurants, sports stadiums, and public artworks, you’re bound to discover something new and unexpected. Be the first one to solve all the riddles, take the whole family out on an adventure, or just find a creative excursion for a few hours as you unlock the hidden face of the Tampa Bay area.

Ginsberg — an author and local explorer — brings years of research and a poet’s sensibility to each of his carefully outlined quests. Follow along with the website www.tbscavenger.com and the #TBScavenger Facebook group for a truly interactive experience. It just might be the most elaborate and ambitious scavenger hunt that Tampa Bay has ever seen.

“Tampa Bay Scavenger” is available wherever books are sold.

Ginsberg will host several book signing events in the coming weeks. Book signings are free and open to the public. Copies of the book will be available for purchase. The author will take part in the following book signings:

  • Saturday, Oct. 9, 2 to 5 p.m., at Cueni Brewing Company, 945 Huntley Ave., Dunedin
  • Saturday, Oct. 23, 5 to 8 p.m., at Bastet Brewing, 1951 E. Adamo Drive, Tampa
  • Saturday, Oct. 30, 10 a.m. to 2 p.m., at Clearwater Historical Society, 610 S. Fort Harrison Ave., Clearwater

Studio 1212 to launch new exhibition

DUNEDIN — An opening reception for “What a Relief” will take place Sunday, Oct. 17, noon to 3 p.m., at Studio 1212 Art Gallery, 234 Monroe St., Dunedin.

Participating artists will be on hand. Light refreshments will be served. The exhibit will run through Nov. 28. Studio 1212 is open Wednesday through Sunday, 11 a.m. to 3 p.m. Visit the gallery’s online store at studio1212.org.

Gulfport venue to present Amazing Acro-cats show

GULFPORT — The Amazing Acro-cats will perform four shows, running Friday through Sunday, Oct. 22-24, at the Catherine A. Hickman Theatre, 5501 27th Ave. S., Gulfport.

Performance times will be Friday, 7 p.m.; Saturday, 3 and 8 p.m.; and Sunday, 1 p.m. Tickets start at $30. Visit www.rockcatsrescue.org or www.brownpapertickets.com/event/5233235.

The Amazing Acro-cats — featuring Tuna and the Rock Cats — are a troupe of rescued house cats. This one-of-a-kind, two-hour long “purrformance” features talented felines roll on balls, ride skateboards, jump through hoops, and more.

The finale is the only all-cat band in the entire world: Tuna and the Rock Cats. The current band lineup features St. Clawed on guitar, Bowie on drums, Nue on keyboard, Ahi on woodblocks, Albacore on cowbell, Roux on trumpet, and Oz on saxophone. There is even a chicken named Cluck Norris rockin’ the tambourine.

Featured on the Netflix docu-series “Cat People,” Tuna and the Rock Cats have also appeared alongside Stephen Colbert on his late night show, as well as PBS and Animal Planet.

Murals coming to two Pinellas Trail tunnels

LARGO — Creative Pinellas and Pinellas County Public Works have partnered to bring four new murals by Pinellas County artists to the Fred Marquis Pinellas Trail tunnels at U.S. 19 in Tarpon Springs and Alternate U.S. 19 in Palm Harbor.

The artists’ mural designs for each tunnel face have been inspired by public surveys and meetings that were part of the artist selection process that occurred this summer and revealed a community that enjoys the sunshine and outdoor life, and appreciates the scenic landscape filled with Florida native plants and wildlife. The locations for the murals were selected as part of the Pinellas County Public Works Graffiti Abatement Art Program.

“Creative Pinellas is proud to be part of this multi-mural project on the Pinellas Trail,” said Barbara St. Clair, CEO of Creative Pinellas. “It is an opportunity to not only assist in Pinellas County’s effort to combat graffiti, it also brings talented Pinellas County artists in to create pieces that will engage the trail users in a new way. The new murals will add to the identity of the Pinellas Trail as a destination location in Pinellas County.”

The Palm Harbor location, just north of Wall Springs Park, will feature Taylor Smith’s design “Wetland Herons” that includes two great blue herons with an organic color scheme meant to highlight the beauty of Florida’s coastal wetlands on the south tunnel face, while the north tunnel face design by Yhali Ilan, “Island People,” celebrates the coastal lifestyle in North Pinellas through the use of vibrant plant life, people enjoying the beaches, and water related activities.

The Tarpon Springs location, just north of Live Oak Street, will include the design “Sun Tribute” created by Daniel Barojas (a.k.a. R5, Rope5) on the west tunnel face. The design is a stylized representation of the sun, an essential part of Florida lifestyle. Ricardo Delgado’s (Reda3sb) design “Birds and Flowers” also incorporates the sun, setting into the sea, vibrant flowers and tropical birds, to celebrate nature and Florida life on the east tunnel face.

The Pinellas Trail Mural program is a partnership between Creative Pinellas and the County with goals of defeating graffiti, building excitement and interest, and fostering community beautification projects. Since the beginning of the program, local artists have completed two murals in Palm Harbor and one along the Pinellas Trail overpass in Largo.

“Extending the graffiti abatement program to the Pinellas Trail exemplifies the County’s strategic plan goals to invest in our transportation infrastructure, maximize partner relationships and support a vibrant community,” said Tom Washburn, Pinellas County Public Works Transportation Division Director. “We are pleased to partner with Creative Pinellas and the Florida Department of Transportation in this effort to improve the quality of life for our residents and visitors.”

Artists will be working over the coming weeks and through mid-October. Both locations will remain accessible for trail users while the artists work.

For information about the project, visit creativepinellas.org/opportunity/pinellas-trail-artworks/.

Cracker Country to presents annual Tall Tales of Old Florida

TAMPA — Tall Tales of Old Florida will be presented Saturday, Oct. 23, beginning at 6:45 p.m., at Cracker Country, a living history museum found at the Florida State Fairgrounds, 4800 U.S. Hwy. 301 N., Tampa.

Each walking tour will last 60 minutes. This event is recommended for ages 6 and older. Admission is $14 per person and includes a snack. An advance purchase price of $12 per person is available through Oct. 17. Tickets are sold in time blocks. Tickets and more information available at www.crackercountry.org.

Attendees will explore Tampa’s 19th century living history museum by night. Along the way, they will meet storytellers who will spin wild yarns about a few of Florida’s unexplained oddities. A little scary, a little funny and always family friendly, the Tall Tales tour is a Florida history adventure by lantern light.

Cracker Country is a living history museum that represents aspects of home life, commerce and transportation as it was in many rural Florida communities at the end of the 19th century. During the Tall Tales of Old Florida tour, “tellers” will share uniquely Florida stories about skunk apes, misbehaving trains, cow hunting giants and other legendary creatures. Guests will also enjoy a magic lantern show, featuring a turn-of-the-20th-century projection technology that led to the birth of the film industry.

Guests are invited to come early and enjoy Victorian games and activities before their tour begins. Afterward, have a complimentary snack and do some holiday shopping in the General Store.

Chic Décor & Artisan Market set

SAFETY HARBOR — The Fall Chic Décor & Artisan Market will take place Sunday, Oct. 10, 10 a.m. to 4 p.m., at 411 Main Street, Safety Harbor.

The Chic Décor & Artisan Market is returning to its home location in Safety Harbor.

This unique hybrid market highlights some of the best home décor artists, vintage pickers, and indie artisans in the Tampa Bay area. The Fall Chic Décor & Artisan Market will feature over 120 local décor artisans, vintage treasures, and furniture featuring assorted styles like coastal chic, farmhouse, shabby chic, cottage glam, and industrial. There also will be food vendors and live entertainment.

Parking and admission are free.

L.O.L. Surprise! Live show rescheduled

CLEARWATER — L.O.L. Surprise! Live scheduled for Wednesday, Oct. 20, at Ruth Eckerd Hall, has been rescheduled.

L.O.L. Surprise! fans in Clearwater will be able to rock out in real life when the all-new hologram concert tour crisscrosses the United States and makes a stop at Ruth Eckerd Hall on Thursday, May 5, at 6 p.m. Tickets purchased for the Oct. 20 performance will be honored on the new date. Tickets, starting at $28.75, are on sale now. Visit www.RuthEckerdHall.com.

St. Pete Arts Alliance to present Second Saturday ArtWalk

ST. PETERSBURG — The Central Arts District, EDGE District, Grand Central District, Warehouse Arts District, Uptown Arts District and downtown Waterfront District will united to celebrate “ARTober” for the St. Petersburg Second Saturday ArtWalk, set for Saturday, Oct. 9, 5 to 9 p.m.

ArtWalk is opening night as some 40 galleries and studios premiere new works, with artists and demos on-site. It’s impossible to take in the entire ArtWalk in one night. Attendees should plan to drive, walk, or take the trolleys to visit the districts of their choice — or utilize the free Downtown Looper, which will run every 15 minutes.

To download the map and list of participants, visit www.stpeteartsalliance.org.

‘Legendz of the Streetz’ show rescheduled

TAMPA — Amalie Arena recently announced that the “Legendz of the Streetz” Tour has been rescheduled.

Originally set for Sunday, Oct. 17, the show will now be presented Friday, Nov. 12, at 7 p.m. All tickets bought will be honored for the rescheduled date. The tour will feature hip-hop heavyweights Rick Ross, Jeezy, Gucci Mane and 2 Chainz. Tickets, starting at $50, are on sale now. Visit Ticketmaster.com.

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