Posted on 10/06/2014 1:08:09 PM PDT by Olog-hai
In Europe, even Mickey Mouse is getting a bailout.
The Disney resort on the outskirts of Paris is getting a financial lifeline from owner The Walt Disney Company to handle rising debt and a decline in visitors at a time of economic uncertainty in Europe.
The 1 billion ($1.3 billion) lifeline will see the parks California masters take control of Euro Disney, which runs Disneyland Paris and Walt Disney Studios Park. Until now, the U.S. company owned only 40 percent of the theme park operator, alongside Saudi prince Al-Waleed Bin Talal and a host of small European investors who originally paid 11 a share for their piece of the Disney dream.
(Excerpt) Read more at hosted.ap.org ...
Attendance never hit projections. Park is losing tens of millions.
Best to just let it fold.
I was in Paris recently and at the end of Rue Poulet there was a ... you guessed it ... KFC.
Here's hoping that goes out of business as well.
You’d rather Old Europe in place of that?
In place of one world culture and government.
Nothing says Disney more than rude French muslim employees.
When I was at Disney World last fall, I talked with a couple from Great Britain. I asked why they didn’t go to Euro Disney in Paris since it was so much closer. They told me that they could travel from London to Orlando and stay at a Disney resort for 14 days for the same price they could stay at Euro Disney for 3 days. Paris is REALLY expensive.
Old Europe always strove towards one-world culture/government. So let’s keep that at bay, except if we have something there that represents liberal USA.
Meaning keeping whatever represents liberal USA at bay too.
What’s wrong with KFC?
The Disney resort on the outskirts of Paris is getting a financial lifeline from owner The Walt Disney Company...
New price of tickets to Disney Parks in the USA you ask...? $200.00 per day coming soon!
Disney is bailing themselves out?
Why?
Do you think Mexican food places and Chinese food places should fail too?
Sounds like you are WANTING cultural hegemony in France.
Some years ago, I asked a British couple the same question while I was visiting the mouse, and got the same answer. But the husband of the couple also said “why don’t we go to Disneyland Paris? Well it’s in France, isn’t it!” We were in Planet Hollywood and I’d already had a few adult beverages and when I heard that I laughed my a$$ off!
CC
No. Up until recently Disney only owned 40% of the park. they’re contributing money, but in exchange are getting majority ownership in exchange. Disneyland Tokyo has a similar arrangement. Disney owns half, and operates the park and a Japanese real estate company owns the other half.
CC
Subtract 1 “in exchange”.
CC
The ceo of Disney is getting a $60 million dollar bonus if he can raise profits by 2018. He also get 10’s of millions in base pay plus stock. He could pay this out of his pocket change.
A few years ago... I asked that question to a Dane and he said the same thing. Of course, he also said the French are rude.
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