Euro Disney faces uncertain future as debt continues to mount

Posted Monday, December 29, 2003 11:06 AM | Contributed by Jeff

Euro Disney, the company that operates the Disney Land Resort Paris, is facing more pressure from creditors as its debt continues to mount at the end of a year that saw a decrease in park attendance. Rumours run rampant at the park regarding layoffs and even a possible closure of the park.

Read more from The Daily Press.

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Monday, December 29, 2003 11:29 AM
If any park has taken a bigger critical bashing than California Adventure than it is Disney Studios Paris. I understand why the company felt they needed the second gate. People weren't staying on property in the many empty Disney hotel rooms. They were (and are) making a day trip of the park.

Building a half a park as a second gated attraction, and a poor one at that, was not the answer to their troubles.

9/11 was part of the problem but it isn't the entire problem. There is a complexity to this park, heck books have been written on it. In the age of give me results yesterday I don't think anything they do will satisfy creditors.

Monday, December 29, 2003 11:01 PM
This poor park/s has had nothing but problems from the start, which is too bad because DLP looks like an amazing park.

Hopefully they'll be able to dodge the bullet once again, but it may be time for Disney to consider unloading this property to someone like the OLC who has the deep pockets to pump the big bucks into DLP and turn the place around.

Wednesday, December 31, 2003 3:10 AM
Problems are also that the new Disney Studios park has opened to a less than brilliant reception, word of mouth says there are good attractions but not nough to justify the entrance fee at the present time. I think the main problem has to be that the Magic Kingdom area of DLP hasn't had a major , crowd pulling attraction added since Space Mountain 10 years ago. When you consider rides such as splash mountain, Indiana Jones (Disneyland Version) to name but two, which could be cloned fairly easily, that would give the park a boost. Obviously the best move would be to design something amazing that had not been seen at any other disney park in order to give people who may otherwise go elsewhere a reason to go. This clearly will not happen in the current financial climate, but as the saying goes, you have to speculate to accumilate.
Friday, January 2, 2004 3:54 PM
When I lived in Germany I went to DLP a couple times. It is a good park, but it is overpriced. The thing that amazed me is that some of the ride clones from other Disney Parks were actually better than the original (Pirates of the Carribean, Space Mountain, Phantom Manor/Haunted Mansion, Big Thunder Monutain). It's too bad that there's all those problems.

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