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Time-Warner sold its stake in Six Flags in 1995, and in 1998 [[Premier Parks]] had its [[Initial public offering|IPO]] and became the parent company of Six Flags. Premier Parks opts to follow the trend set by Bally's and begins acquiring more properties.
1998 was a big year for the little thrill-seekers in training. Yukon Territory welcomed the brand new Camp Cartoon Network. This area welcomed the addition of 5 new rides including Spacely's Sproket Rocket(Vekoma Roller Skater, along with Scooby Doo's Mystery Machine, Yogi's Yahoo River, Rocky Road's Rescue Service, and Bedrock Boulder Roller. Bug's Bunny Land was re-named Looney Tunes National Park and included various rides and attractions for the little ones. This included the Looney Tooter Choo Choo Train, the Waddaview Charter, Porky's Buzzy Beez, Petunia's Lady Bugz, Looney Toons Lodge Foam Ball Factory, Pepe Lapew's Peak, and the Nature Trail. An [[Demon Accident|accident occurred on the Demon]], stranding 23 passengers upside-down on the black train for nearly three hours.
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