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Activist Investor Ups Pressure On SeaWorld

Spotlight Capital owns ~4% of SeaWorld. Although it's not a conventional activist investor they are pushing for even more changes at SeaWorld. Previous deep dive on SeaWorld here. This comes after the company already decided to shut down its killer whale shows and end its orca breeding program thanks to continued pressure on attendance numbers related to the 2013 Blackfish movie. 

Spotlight wants fresh blood on the board, saying the board has been asleep for many years. In particular, Spotlight is pushing for new board members with actual theme park experience, where none of the current board members have any such experience. 

Now, the company will focus on natural encounters and exhibits in an effort to rebrand. I don't think it'll be hard for Spotlight to get it's board seat.