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Report: Disney considering full takeover of Disneyland Paris

Sleeping Beauty Castle

A new report claims that the Walt Disney Company is considering a full buyout of the Disneyland Resort Paris, a move that could radically transform the fortunes of the European attraction.

According to sources that spoke to Time Magazine, discussions have been ongoing for some time within Disney about acquiring the 60 percent of Disneyland Paris' parent company, EuroDisney S.C.A., that it does not already own. This would enable it to invest more heavily in improving the resort's performance and increasing its profits.

Disneyland Paris has long been the "black sheep" in Disney's global theme park empire. Walt Disney World, the Disneyland Resort and the Tokyo Disney Resort have all performed solidly despite difficult macro-economic conditions, and Hong Kong Disneyland has begun to increase attendance after a weak first few years in operations. However, the French resort has been consistently weighed down by its huge debt burden.

In May, Disneyland Paris reported a fall in attendance at its theme parks during the first half of its financial year. The number of visitors to Disneyland Paris and Walt Disney Studios fell by 1.5 percent when compared to the same period a year earlier, to 6.9 million. There was a larger drop in hotel occupancy, which fell by 3.6 percent to 79.8 percent. Overall, this resulted in a net loss of €100.8 million, some €21 million higher than the loss last year.

EuroDisney S.C.A. still has an enormous debt mountain of close to €1.8 billion, and is obliged to meet objectives set by its lenders. If it fails to do this, it will be forced to cut costs or seek further investment from the Walt Disney Company.

Disney has already loaned EuroDisney S.C.A. €150 million, which will be used to install a new dark based on Pixar's Ratatouille at Walt Disney Studios. The resort is planning further investment in the park, which currently suffers from a lack of attractions and restaurants when compared to neighbouring Disneyland Paris.

The company has made no comment on Time's report to date.

There are 2 comments.

No wonder there is a fall in attendance when it's so expensive. I can stay in Florida for a week for the price of 4 nights in DLRP. Then when they are there they rip your eyeballs out for food etc. nope I'd rather cross the Atlantic for 8 hours than cross the hour and a half to Paris

I live in the UK only 5 hours drive to DLP when you take into matter that it will take me around 1 hour on the tunnel or ship also so thats 4 hours drive in total.

I looked at going over for only 2 nights and 3 days and for my family of 3 it was going to cost £800. WHAT

As said above i can have 2 weeks in orlando for that price and if i add another few £100,s to it take the family.

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