Keyword: eurodisney
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Prince Alwaleed bin Talal of Saudi Arabia is one of the largest foreign investors in the United States. Prince Alwaleed's nickname is "The Warren Buffett of the Gulf" and he is one of the world's richest people. The Prince is a private entrepreneur and an international investor. The Prince was born to Prince Talal, son of the founding King of Saudi Arabia, Abdul Aziz Al Saud, and Princess Mona Al-Solh, Daughter of Lebanon's first Prime Minister. The Prince is the nephew of the Saudi Arabian King Abdullah. The Carlyle Group counts Prince Alwaleed bin Talal bin Abdul Aziz Alsaud of...
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Just who is Donald J. Trump's Prince, and why has he come now to buy into the Plaza Hotel? Prince Walid bin Talal is the Saudi ruling family's most prominent -- and most adventurous -- international investor, with large stakes in Citicorp, Four Seasons Hotels, Fairmont Hotels, Euro Disney and Saks Fifth Avenue, which is controlled by Investcorp of Bahrain.
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New Middle Eastern Amusement park: Six Black Flags over Syria https://soundcloud.com/docthompson/6-black-flags
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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 park’s 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...
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Europe has fallen in love with America again because of Barack Obama. European leaders who celebrated his election victory are now signalling that they want an end to the estrangement between the two parts of the Western alliance during the Bush years.
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Year In Review: Entertainment Industry (Originally published on May 25, 2004) A Christian activist group has developed a three-point strategy to warn unsuspecting families coming to Orlando, Florida, about the very family-unfriendly homosexual pride festival known as "Gay Days at Walt Disney World." The Christian Action Network (CAN) is engaging in an all-out effort to inform families, school groups, and others of what they can expect from the homosexual event long before they enter the so-called Magic Kingdom. The group plans to use literature, road signs, and even a mobile advertisement to get the word out about the offensive and...
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NAPLES, Italy, Dec. 17 (Reuters) - Vincenzo Mazzarella, the head of a Naples crime gang, was arrested Friday at Euro Disney, near Paris, after a monthlong manhunt, the Italian police said. The arrest, by French police officers, came during a separate mob sweep in Italy that resulted in 11 arrests and the confiscation of assets worth more than $1.3 million, the authorities said. Naples has been gripped by mob violence since October, with more than two dozen people killed. Mr. Mazzarella, 48, was described by the police as one of the most important leaders of the Camorra, a Naples gang...
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Euro Disney's Tragic Kingdom Adults dressed as Mickey Mouse and Donald Duck standing in a Paris job center may sound like a comedy sketch, but it could turn out to be a harsh reality if Euro Disney can't reverse its downward financial spin. All is far from magical at Disneyland Paris. Euro Disney, the debt-burdened operator of the theme park, announced on Thursday that unless creditors can be persuaded to give the ailing enterprise more breathing space after the end of May, Mickey, Pluto and Goofy could be looking for alternative employment come June. The group's chief executive, André Lacroix,...
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The French have never liked Disneyland Paris, blaming it for a host of cultural ills. But, as they relish its current financial woes, Philip Delves Broughton, who spent a day there with his family, says it's worth every euro Europe's "cultural Chernobyl", as one French critic called Disneyland Paris, is in meltdown again. Falling attendance, overspending on a new movie-themed park and those cursed terrorists are to blame. This month, it announced it would have trouble repaying its banks and the doomsayers are predicting bankruptcy. Small world: Disneyland Paris aims to bring the famous formula to Europe For those who...
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<p>"Mickey [Mouse] hasn't got a cent," Libération, France's left-leaning daily, announced. "Mickey's little Parisian world isn't smiling," Belgium's Derniére Heure somberly reported.</p>
<p>"The worldwide crisis in tourism, the European economic slowdown, the trauma [associated with] Sept. 11 -- for [Euro Disney's] management, those are the principal reasons for its setbacks," reported La Libre Belgique, echoing other business assessments. But "the real problem," an analyst for a leading French labor union explained, "is [Euro Disney's] financial base, the structure of the company itself. [It] is in too much debt." (AFP/La Croix) He added that there has been "a weakening of the product." The analyst said, "André Lacroix talks to us nonstop about marketing, but because there's no budget, there aren't enough new attractions, and people don't come back."</p>
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EURO DISNEY'S future is in the hands of the French government after it breached banking covenants following a slump in visitor numbers. The shares were suspended this morning after crashing 23%. The price levelled out below par value of e0.76, at e0.52, down 14.75%, when trading resumed. Biggest banking creditor is the Caisse des Depots et Consignations (CDC). The State-owned merchant bank helped refinance Euro Disney in the 1994 financial restructuring required within months of its pan-European stock market float. With tens of thousands of jobs at stake in the Disneyland Paris theme park, the French government will use all...
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