A New Park Theme: Glut

Welcome to Troubleland. Orlando, the mecca of mega theme parks, may have too much of a great thing. With seven large parks on the ground and more on the way, industry analysts are issuing dire warnings: "Orlando is now a zero-sum game," says Curt Alexander, an analyst with Media Group Research. "There will be bloodletting of biblical proportions." The theme-park glut promises bargains for consumers but a brutal shakeout that could pound the earnings of park owners Disney, Seagram (Universal) and Anheuser-Busch (Busch Gardens, Sea World).

Disney alone has built at least one park every decade since the Magic Kingdom...

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