Euro Disney loss widens despite increase in attendance

Posted Friday, April 30, 2004 8:34 AM | Contributed by Jeff

The troubled theme park operator Euro Disney, which only has until May 31 to reach a new deal with creditor banks, said its net loss widened to 108.9 million euros (130 million dollars) in its first half to March from a loss of 82.7 million a year earlier. Sales edged up to 473.8 million euros from 472.6 million, boosted by a six percent increase in theme park revenues which was partially offset by expected decreases in hotel and real estate revenues, the company noted.

Read more from AFP via Yahoo.

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Friday, April 30, 2004 2:47 PM
Hmmm. Seems like if they'd spent the money to make a second park that actually took a day to see, they might actually be making money now instead of losing it. As much as I liek Jay Raulo They know they can't make their profit off of food and merch sales like OLC does in Japan, so they have GOT to get people stying in the resorts if they want to make money (which is why I don't think we'll see a major shuttering of hotel rooms like they did in the 90's). They can't seem to make the current business model work, and I don't think adding ToT will help any more than it's going to help DCA.

Oh, btw, when you read the article notice it mentions the successes of the Holiday promotions and Lion King Carnival, but nowhere talks about the Studios park. Their Halloween event last year was crazy expensive (to put on) and crazy cool. Stuff like a giant ghost (3 stories tall) that was dragging Mark Twain through the river and stuff.


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