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Euro Disney shares dive as it needs bailout
Associated Press ^ | Oct 6, 2014 9:25 AM EDT | Greg Keller

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 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 paid €11 a share for their piece of the Disney dream. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Local News; TV/Movies
KEYWORDS: bailout; eurodisney; eussr; france

1 posted on 10/06/2014 1:08:09 PM PDT by Olog-hai
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To: Olog-hai

Attendance never hit projections. Park is losing tens of millions.

Best to just let it fold.


2 posted on 10/06/2014 1:10:26 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: Olog-hai
It's always a good thing when attempts at cultural hegemony or homogenization fail.

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.

3 posted on 10/06/2014 1:11:25 PM PDT by who_would_fardels_bear
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To: who_would_fardels_bear

You’d rather Old Europe in place of that?


4 posted on 10/06/2014 1:13:13 PM PDT by Olog-hai
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To: Olog-hai

In place of one world culture and government.


5 posted on 10/06/2014 1:17:38 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: BenLurkin

Nothing says Disney more than rude French muslim employees.


6 posted on 10/06/2014 1:18:00 PM PDT by Neidermeyer
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To: BenLurkin

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.


7 posted on 10/06/2014 1:18:58 PM PDT by Blood of Tyrants (The cure has become worse than the disease. Support an end to the WOD now.)
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To: BenLurkin
Best to just let it fold.

You can't just fold your company in Eurosocialist countries. You have to get the government's permission first. I have actually seen the stack of mind-boggling forms. Would take no less than five years to shut it down.


8 posted on 10/06/2014 1:19:29 PM PDT by Buckeye McFrog
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To: MrEdd

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.


9 posted on 10/06/2014 1:21:49 PM PDT by Olog-hai
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To: Olog-hai; MrEdd

Meaning keeping whatever represents liberal USA at bay too.


10 posted on 10/06/2014 1:22:48 PM PDT by Olog-hai
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To: who_would_fardels_bear

What’s wrong with KFC?


11 posted on 10/06/2014 1:24:06 PM PDT by what's up
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To: Olog-hai

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!


12 posted on 10/06/2014 1:24:32 PM PDT by AngelesCrestHighway
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To: Olog-hai

Disney is bailing themselves out?


13 posted on 10/06/2014 1:50:22 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: who_would_fardels_bear

Why?

Do you think Mexican food places and Chinese food places should fail too?

Sounds like you are WANTING cultural hegemony in France.


14 posted on 10/06/2014 1:51:39 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Blood of Tyrants

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


15 posted on 10/06/2014 1:56:12 PM PDT by Celtic Conservative (tease not the dragon for thou art crunchy when roasted and taste good with ketchup)
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To: GeronL

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


16 posted on 10/06/2014 2:01:04 PM PDT by Celtic Conservative (tease not the dragon for thou art crunchy when roasted and taste good with ketchup)
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To: Celtic Conservative

Subtract 1 “in exchange”.

CC


17 posted on 10/06/2014 2:02:19 PM PDT by Celtic Conservative (tease not the dragon for thou art crunchy when roasted and taste good with ketchup)
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To: Olog-hai

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.


18 posted on 10/06/2014 2:20:17 PM PDT by minnesota_bound
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To: Blood of Tyrants

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.


19 posted on 10/06/2014 6:48:31 PM PDT by ExCTCitizen (I'm ExCTCitizen and I approve this reply. If it does offend Libs, I'm NOT sorry...)
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