Tuesday, 27 February 2018

Walt Disney plans €2bn expansion at Disneyland Paris

Walt Disney plans to invest 2bn euros (£1.8bn) in Disneyland Paris, expanding the park with a lake and new areas devoted to hit films such as Frozen and Star Wars.

Disney boss Robert Iger announced the plans after meeting with French president Emmanuel Macron.

Disney said the development would be rolled out over several years, starting in 2021.

The move follows financial troubles at the park, which opened in 1992.

Euro Disney, the subsidiary that previously operated the park, had faced falling visitor numbers and required repeated financial injections from Disney and other investors. Terrorist attacks in France contributed to the problems.
Disney took back full control of the park last year, buying the shares in Euro Disney it did not already own.

In Tuesday's announcement, Disney said the investment, its largest since the park's opening, "underscores the company's commitment to the long-term success of the resort as Disney's brand beacon in Europe".

Mr Macron celebrated the investment, writing on Twitter: "Your confidence shows that France is back!"

BBC      News.

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