Paris isn't the happiest place on earth for Disney right now.
For the second time in three years, Walt Disney (DIS) has been forced to ride to the rescue of Disneyland Paris -- this time by leading a billion euro ($1.25 billion) refinancing of park operator Euro Disney.
Since opening in 1992, the theme park east of Paris has become Europe's top tourist attraction by visitor numbers.
But the dream has turned into a nightmare for Disney and other investors.
Attendance has been hit by Europe's economic crisis, leaving the company struggling to invest in new attractions while servicing its massive debts.
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3 comments:
Disney and America go hand in hand.Keeping it in the US was a no brainer.Anywhere in the US is better than anywhere in Europe or anywhere else in the world.McDonalds is one thing.Disney is entirely different.I'm surprised the stockholders approved building a theme park in France.They may not even have voted on it.
Close the one in France and bring it to the United States. There's one on the west coast, one of the east coast, how about one in the middle of the U.S. somewhere?
9:21 Great idea... between hurricanes up the gulf coast, storms, high winds and tornadoes through the mid west and central... I'm sure roller coasters would be a hit!
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