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Disneyland Paris: General Discussion

rob666 said:
Disney dont have much in their war chest???
Bet they do!
Edit...$130,000,000,000 current value estimate.
Not small change.
Click to expand...

The Theme Park division of Disney stands by itself though. A good year at the movies doesn't mean they get more funding for the parks necessarily was my impression.

They aren't under any long term threat though of course.
 
They’re one publicly traded company so whilst the operating divisions report as that, they clearly can move money around and leverage their size to utilise financial facilities - something which they have already done to an extent.

It’s difficult to feel sorry for a company which make such huge profits from their premium priced products on a regular basis. It’s more the staff and customers who this will effect which I feel sorry for.
 
Disney products are often priced at a premium becuase they are premium products. We are not talking about Six Flags or Merlin parks here!
 
rob666 said:
Disney dont have much in their war chest???
Bet they do!
Edit...$130,000,000,000 current value estimate.
Not small change.
Click to expand...

But if that is the value then I assume they have to sell assets to get the cash to then spend it in other areas?

I don't think Disney is going to go bust any time soon, but given how tourism, media and arts industries are not doing well at the moment I think they are going to have a very difficult time for the next couple of years.

Its not like post 9/11 where the parks and tourism had a bad couple of years, but other areas of the company were fine. Currently almost everything Disney has a market share of is affected.
 
As much I love Disney parks, ill definitely not bleed over financial woes.

The company is, underneath the magic, a greedy conglomerate who, in recent years, have become greedier and greedier.

I feel for the staff.

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As it said many times before obviously Paris would be affected most through this pandemic. They rely mainly on tourism from other countries, so with many euro areas unavailable to travel it’s no surprising it’s struggling. English parks was always going to be ok due to they mainly attract local people.
 
Has Disneyland Paris ever done well financially, at least compared to the other parks worldwide? I'm genuinely curious.
 
In a word, no.
Mired in debt from the start.
Last billion pound bailout in 2014.
Overall debt is about fifteen times its yearly income, so problems remain and will continue.
 
There was some hope that things were beginning to look up for the place. Since 2012 the financial situation had started to slowly improve I believe, following a significant debt payment from WDC.

More recently last year there was a significant sign of progress when the resort posted a profit for the 2018 financial year, the first time it had done so in about a decade.

Of course there’s a long way for them to go, but it just seems to typical that the place takes 2 steps forward and now has to take a massive one back due to the pandemic.
 
Disneyland Paris’ big financial issue was that too many hotels rooms were built for park opening when there was plenty of other places to stay and it’s only a short train ride from central palace. The theme park was doing okay I think but weighed down by the debt of overbuilding hotel capacity.
 
DLRP’s own news release states that they’re hopeful to open over Christmas. Of course the likelihood of that is questionable, but there’s no confirmation that they will 100% be closed until February, so no idea where that fan site is getting their info from...

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Islander said:
DLRP’s own news release states that they’re hopeful to open over Christmas. Of course the likelihood of that is questionable, but there’s no confirmation that they will 100% be closed until February, so no idea where that fan site is getting their info from...

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Sent from my iPhone using Tapatalk
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DLP Report had a second tweet in the thread stating they may open over Christmas.

But they will 100% be closed November and January. I don't think the initial tweet is particularly wrong and they did follow up with the further news of the hopeful Christmas fortnight opening.
 
Looks like that fan missed the part about Christmas but that seems more a hope rather than a definite . This is pretty bad for DLP. Very sad that it could be closed for so long. Twice I had plans to go this year and I had to cancel both times as it was closed on the first occasion and Boris had just brought in the travel restrictions the second time.

Hope they are back open soon. I can imagine this will really affected their expansion plans. Can we say goodbye to the Frozen area and mini Star Wars land?
 
Orange Ribena said:
I can imagine this will really affected their expansion plans. Can we say goodbye to the Frozen area and mini Star Wars land?
Click to expand...
I doubt it - the Star Wars project at least is already well under way. This may of course delay things, but I don't think it'll result in outright cancellation.
 
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