Theme park operator Six Flags Entertainment (NYSE:SIX) said it received $41 million in cash with respect to its equity investment in Dick Clark productions.
The media company has produced a number of television shows and specials since its inception in 1957, including the Golden Globe and Academy awards, and Fox's So You Think You Can Dance.
Six Flags bought a 40% stake in Dick Clark in 2007, while a private-equity company founded by then-Six Flags Chairman Daniel Snyder purchased the remaining assets, for a total of $175 million.
The Dallas-based company continues to retain its existing equity ownership position in Dick Clark productions.
The news comes just four months after the company exited bankruptcy in May, hurt by debt and declining attendance amid poor economic conditions.