Parque Warner Madrid

Parque Warner Madrid is a theme park located 23 km southeast of Madrid, Spain, in the municipality of San Martín de la Vega. The park opened on April 6, 2002 under the management of the Six Flags chain, with a 5% ownership share held by Time Warner. In November 2004, the management arrangement with Six Flags was terminated, with the park now managed by Time Warner and numerous Spanish investment groups. The name change to Parque Warner Madrid occurred at the start of 2006.HistoryThe park was opened on April 6, 2002, and managed by Six Flags until November 2004, although it only had a 5% share in the park, with the majority shareholder being the Community of Madrid, with 40% of the shares (other shareholders included Caja Madrid 20%, 15% Fadesa, El Corte Inglés 5%, NH Hotels 5%).In 2002, director Pilar Azcárraga said that visitors' satisfaction was around 90%, but union sources put it at 50%.In 2004, Six Flags would sell all of its European parks, with the exception of the Warner Bros. Movie World Madrid, to Star Parks Group. The Madrid park was instead sold back to Time Warner and renamed "Warner Bros. Park" at the end of the 2004 season.In 2006, the park was renamed again to "Parque Warner Madrid". This season saw the premiere of two new shows, Police Academy 2 and Batman Begins, the latter based on the latest movie from Warner Brothers and DC Comics. Both received good reviews from visitors to the park.The 2008 season saw two further developments: a family water attraction called Oso Yogui and a new show, The Music of Bugs Bunny, based around the glamor of Hollywood in a performance reminiscent of the great Broadway musicals.