Posted
French theme park operator Euro Disney, which announced a life-saving debt restructuring in September, fell deeper into losses in its 2003/04 fiscal year due to royalty payments and increased operating costs. The company said it made a net loss of 145.2 million euros in the full year to the end of September, after a 56-million loss a year earlier.
Read more from Reuters.
On the other hand, climate is what attraced Port Aventura, Terra Mitica, and Warner to Spain, and last I heard, at least two of them were in financial difficulty.
The one thing I don't get is why they built studios there when the original park was having so much trouble. That is just not smart business practice there.
-Swooshie
Because they were desperately trying to fill the thousands of hotel rooms that were sitting there empty.
There probably isn't one factor that's been the killer with Paris, but a combination:
1) Way too many hotel rooms
2) The whole France thing (location/weather/attitude)
3) Too much money building DLP
4) Not enough money building the Studios
Joel
IMHO, if the park is to avoid complete closure Disney MUST cut at least part, if not all of their licensing fees. The answer, as DCA proved, is not just building another cut rate Tower of Terror.
here's a (currently) working link to the article
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6756156
"That was partly due to the resumption of royalty payments to 39-percent shareholder the Walt Disney Co (DIS.N: Quote, Profile, Research) for use of the Mickey Mouse characters. Those payments resumed over the last three quarters of 2003."
I believe it's better for Disney to not make any money off of royalties for a while than to see Creditors call in their debts. It sounds like that's what had happened before, and it needs to happen again.
FWIW, Parc Asterix was based on a beloved French character, and on top of that is more appealing to thrillseekers with its nice array of coasters. I'd atribute those two things to its success over DLP.
If that's your attitude, I wouldn't want you there either.
All of these comments on the French people and their "anti-American" sentiments are ridiculous. I'd be willing to bet that most, if not all, of the people here claiming the French are so arrogant have never been to France. The reason for any anti-American views over there directly stems from the anti-French views here. I visited France in March of this year, directly in the midst of this "feud" that has been going on between France and the US. I experienced absolutely *no* disrespect, arrogance, or bad feelings against me for being an American. I didn't go in there like a stupid American tourist, however, and refuse to try to speak the language or respect the culture. The bottom line is I've heard a hundred times the disrespect and arrogance here in the US against France than in France against the US.
That said, it's obvious why the park was built outside of Paris. Paris is the number one tourist destination in the *world*. Does the reasoning behind that really need to be explained? Additionally, contrary to what was said above, Disney films have done better in Europe than in the United States. Also contrary to the above, the two final choices were France and Spain (not the UK). Spain had the better weather, but France had the tourism and the public transportation system in place.
The resort has had problems for two reasons. First, when it first opened the park was completely oblivious to French culture. DLP didn't serve alcohol, traditional French food, and lacked the sit-down restaurants the French people desired. It was essentially complete cultural ignorance on the part of Disney that harmed the park during its first year of operation. Yes, there was already some ill feelings toward the park due to fears of cultural imperialism, but obviously ignoring the culture wasn't the way to win these people over. Thankfully, Disney got smart and resolved most of these cultural issues (including the renaming of the park).
Problem number two is the Studios Park. All of the bad things you've heard are true. It's absolutely tiny, it's ugly, and there's nothing to do. When we visited DLP, we paid just €10 to upgrade our DLP tickets to include the Studios Park. We literally walked into the Studios Park, rode RnRC three times with zero wait (while Space Mountain at DLP had a more than 90-minute wait), experienced the joke that is Armageddon, rode the Aladdin-themed Dumbo, and left. Total, we spent maybe half an hour in the park, saw the entire thing, and did everything but the tours. This is not even a half-day park (and ToT alone will not fix that). In addition, the whole thing is a concrete and blacktop mess with little to no landscaping, no trees, and chain-link fences.
In order to turn the Disneyland Parks resort around, it needs to be invested in (mainly in the Studios Park). I don't think they're eager to do that, however, which is unfortunate because I really did enjoy DLP.
-Nate
*** This post was edited by coasterdude318 11/9/2004 2:42:31 PM ***
Over here in Germany, the park has the image of being an expensive kiddie park. Image campaigns failed to impress families enough to spend a small fortune to go to DLP while there are countless cheap family parks around the corner.
Add to this that Disney is not even attempting to promote the Studios and most people are clueless (and upset) when they find out that there is a second park next doors, which actually turns out to be a complete rip-off.
There were no additions and new attractions made to the main park in ages and a second gate was certainly not what the people asked for.
People who really believe that the staff is arrogant because they have been told that its the "french way" should pack their bags and experience one of the nicest parks on the planet, or rent a trailer next to Fantasy Island (Skegness) for the rest of their lives.
If they keep doing this why dont they just move the whole company out there. I dont like disney alot anyway. Espically not their parks.
I like hillary duff though :)
A lot of people will not travel to somewhere where there feel unwelcome (the in-laws, etc), and despite the promise of a great family outing, the people who work at DLP, in the most part (there are exceptions), seem to be unwelcoming and only there to earn their money, and take very little pride in their work, which rubs off on the whole atmosphere. And let's face it, atmosphere is what disney is all about! I went there, and i do still go there, but i only return again and again because i can ignore the staff's attitude. After going to Thorpe Park on the wettest day of the season, you very quickly learn to adjust to a bad attitude staff!!!!
I agree that Disney should reduce/cut the licensing out for a bit so the park can build it's reputation back up and get some more visitors and attractions in - they need it!
Disney quite often fail to realise it's better to take a hit on their profits to make sure their good name is kept high - a disney theme park without the disney experience of atmosphere and tons of attractions (even the smaller ones), is no disney park at all. If they can develop a bit more, it will be an interesting couple of years to watch what happens.
When it comes to that sort of petty theft, there's not much anyone could do. I assure you police anywhere in the world won't do anything to help you if you're robbed. Seriously, if that's the best reason you've got to dislike France then maybe you're trying too hard.
I really think Americans are taking too much credit for this park's downfall. You're kidding if you think that the whole France-America hate thing that's constantly going has anything really to do with these financial problems.
You must be logged in to post