Disneyland Paris: General Discussion

Discussion in 'European Parks and Attractions' started by Maelstrom, 28th Apr 2014.

  1. Benjsh

    Benjsh TowersStreet Member

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    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.
     
  2. venny

    venny TowersStreet Member

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    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.
     
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  3. Rob

    Rob TS Forum Team Team Member

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    Disney products are often priced at a premium becuase they are premium products. We are not talking about Six Flags or Merlin parks here!
     
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  4. jon81uk

    jon81uk TowersStreet Member

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    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.
     
  5. AstroDan

    AstroDan TS Forum Team Team Member

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    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.

    Sent from my SM-G973F using Tapatalk
     
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  6. Mr Pearse

    Mr Pearse TowersStreet Member

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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.
     
  7. Stevie

    Stevie TowersStreet Member

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    Has Disneyland Paris ever done well financially, at least compared to the other parks worldwide? I'm genuinely curious.
     
  8. rob666

    rob666 TowersStreet Member

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    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.
     
  9. Ian

    Ian TS Site Team Team Member

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    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.
     
  10. jon81uk

    jon81uk TowersStreet Member

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    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.
     

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