Feb 27, 2018
Disney plans €2bn expansion at Disneyland Paris
Walt Disney plans to invest 2bn euros in Disneyland Paris, expanding the park with a lake and new areas devoted to hit films such as Frozen and Star Wars. Euro Disney, the subsidiary that previously operated the park, had faced falling visitor numbers and required repeated financial injections from Disney and other investors. Disney took back full control of the park last year, buying the shares in Euro Disney it did not already own. Disneyland Paris, located approximately 20 miles east of Paris, opened in 1992 and includes two theme parks - Disneyland Park and Walt Disney Studios Park - as well as thousands of on-site hotel rooms. Disneyland Paris has recorded losses in 18 of its last 25 financial years, which investors blamed on fewer-than-expected visitors and fees charged by Disney for the use of its branding.
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