Contrary to various reports and scaremongering last night*, Disneyland Paris isn't closing.
This morning, Euro Disney, who operate Disneyland Paris, announced a €1bn recapitalisation to help clear the resort's debts. This article seems to be the most well thought out and researched I've seen so far today that doesn't spiral into a "OMG Disneyland Paris is Doomed" narrative:
Euro Disney announces €1bn recapitalisation proposal to clear debt and invest [DLPToday]
Andy.
* <cough>TheDisneyBlog<cough>
Euro Disney announces €1bn recapitalisation plans
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Euro Disney announces €1bn recapitalisation plans
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Re: Euro Disney announces €1bn recapitalisation plans
so...Disney (US) is officially buying the park back?
I wonder what kind of impact that will have on the park itself...and the American parks in terms of available money and future attractions.
I wonder what kind of impact that will have on the park itself...and the American parks in terms of available money and future attractions.
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Re: Euro Disney announces €1bn recapitalisation plans
Nope, it just looks like another bailout. Considering most of it is just to pay down debt, the impact may not be that great. It most likely won't impact anything since they are different entities in the same division and cannibalizing other properties for the sake of helping an underperforming one isn't a good idea.