The Sydney Attractions Group Pty Ltd was formerly part of Village Roadshow Theme Parks; however, it was sold in 2011 to Merlin Entertainments.

The two other companies involved in the venture were American multinational media corporation Time Warner and fellow publicly listed Australian firm Village Roadshow Limited.

[5] In 1992, Pivot Leisure sold its two-thirds stake of the Sea World Property Trust to AOL Time Warner and Village Roadshow Limited.

[5][6][7] In April 2001, AOL Time Warner and Village Roadshow Limited announced plans to acquire the remaining 31.6% of Sea World Property Trust that they did not already own.

[12] This bid was ultimately successful, with compulsory acquisition beginning in February 2002,[13] and the delisting of the Sea World Property Trust from the Australian Securities Exchange in April 2002.

[22] The company further expanded its interests in local attractions in 2009, with the purchase of Oceanworld Manly in Australia and Kelly Tarlton's Underwater World in New Zealand.

[34] On 17 October 2012, it was announced that the company had struck a deal with Guangzhou R&F Properties to assist in the design, construction and operation of two parks in China.

In addition, CNL Lifestyle Properties also purchased the rights to the Wet'n'Wild brand in the United States, which was later used for the company's Palm Springs water park.

[32][37] Village Roadshow Theme Parks will continue to operate and hold a majority stake in ownership of Wet'n'Wild Las Vegas.