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BLACKFISH FILM SNAGS SEAWORLD STOCK

August 14, 2014 by · Leave a Comment 

Controversy concerning SeaWorld’s treatment of its marine animals, featured in the Magnolia Pictures documentary Blackfish, hit the company hard on Tuesday when SeaWorld’s stock dropped by 32.9 percent. It had already fallen 22 percent in the past year, but on Tuesday the company acknowledged a significant drop in attendance, which it blamed on "recent media attention surrounding proposed legislation in the state of California." The statement apparently referred to a proposal by two California congressmen that a federal probe be launched into claims voiced in the movie that whales in captivity suffer psychological and physical harm. SeaWorld has insisted that the claims are "shamefully dishonest, deliberately misleading and scientifically inaccurate" and that the welfare of its animals is given top priority. But Ian Corydon, an analyst at B. Riley & Company, told the New York Times, "For people who saw the documentary, a lot of the video was pretty graphic. … More and more, there may be a backlash against the use of sea creatures in these parks."