This report EuroDisney Monday.
This weekend was an emergency meeting held on the financial situation at Euro Disney.
Number of visitors walking back and thus yields. In the first six months of this year realized a loss of just over 100 million euros.
The agreement is primarily the debt of the company decreased and increased equity. So Walt Disney crosses 420 million in additional capital into the company. About 600 million euros of debt from Euro Disney is converted into shares.
In addition, the conditions for loans that Walt Disney has provided to Eurodisney eased.
The company is 40 percent owned by Walt Disney. The Saudi prince Al-Waleed bin Talal has 10 percent of the company owned. The rest of the shares are listed on the stock exchange in Paris.
It is not the first time that parent company Walt Disney intervenes at Euro Disney. In September 2012 it even came to the rescue with a loan of 1.3 billion. The amusement park has been struggling since it opened in 1992 with a high debt burden.
‘Dated’
In the past fiscal year, which ended on September 30, knew more than 14 million visitors the way to to find. theme park
That’s more than 700,000 visitors less compared to a year earlier when the park even one million visitors could welcome less. According to experts, the park is overpriced and many attractions dated.
A visit to the park costs the average visitor, according to the Dutch site of Disneyland Paris 65 euro. Children from 3 to 11 years old can for 59 euros through the gate. For that price is only one of the two Disney parks present in Marne-la-Vallee may be visited.
For a combination ticket for one day to visit to adults 80 euros counting down and 74 euros for the child’s ticket. Both parks
Black figures
Since opening in 1992, the park written in less than half of the fiscal years in the black. In the first half of the financial year 2013-2014 the company suffered a net loss of 100 million euros.
The French union CFDT, which represents the interests of 15,000 French Disney employees, the loss of the company, among other things due to the royalties that the French company must pay to parent company Walt Disney, which automatically would be a shortage.
Financial CEO Mark Stead of Euro Disney, the listed company of Disneyland Paris denied Monday that the company, despite the capital injection, is in trouble.
Future
He says the money is needed to make the park for the future ready. Part of the money is said to be invested in new attractions.
There have incidentally still sounds that Walt Disney is considering buying. Remaining shares of European theme park
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