Euro Disney posts mid-year $90 million loss

Posted Tuesday, April 29, 2003 5:18 AM | Contributed by Jeff

French theme park operator Euro Disney posted an unexpectedly wide first-half loss on Tuesday, dragging its shares lower, after higher costs and slower tourism coincided with the opening of its second park. The European outpost of the Walt Disney Co. said in a statement its net loss in the six months to end-March totalled 82.7 million euros ($90.80 million).

Read more from Reuters.

Wednesday, April 30, 2003 6:09 AM
And how would you like to be running an American business in France today?. (Forget how it is incorporated, everyone things of Disney as US.)
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Wednesday, April 30, 2003 7:53 AM
Hmmm, that "boycott thing" didnĀ“t really happen in Europe. The dropping economy hurts this (expensive) park more than stupid, pseudo-political agitations.

On the other hand, I would really like to know how the PARIS, LAS VEGAS HOTEL is doing in these unholy times? Does anyone have any info about this?

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i was a teenage rollercoaster designer

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Wednesday, April 30, 2003 8:00 AM
Jeff's avatar Considering that EuroDisney is traded on a European market, I doubt very much anyone is protesting anything.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"Pray that your country undergoes recovery!" - KMFDM

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Wednesday, April 30, 2003 3:23 PM
The 'Paris Hotel and Casino at Bally's' is doing just fine. And unlike Euro-Disney, the Paris is paid for. World events are left behind in vegas, unless you can bet on it.

And everyone knows the Paris is owned by the Hilton family, which is about as American as you can get.

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The Empire will Strike Back....
"What do I know, I only work in an Amusement Park?"
"You are paying to get in. Period."

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