Disney Still Have Not Recouped Investment in Disneyland Paris After 30 Years
11 Articles
11 Articles
Disneyland Paris is not profitable and has almost never been profitable. This is revealed by an analysis relayed by the British newspaper The Guardian. The American multinational has never had its return on investment for more than 30 years on its European amusement park. Investment which amounts to $4.2 billion. The equivalent of Burundi's GDP. A financial abyss despite a record flood of 16 million visitors last year.
The current performance of Europe's first leisure park does not yet compensate for the huge losses that the site has accumulated in its first 25 years of existence, reports the Guardian.
In 1992, Disney opened the ornate iron gates of the theme park in the French capital, Paris. A massive investment of no less than 4.2 billion euros. That money has still not been recouped after more than thirty years, according to an analysis of recent documents conducted by the British newspaper The Guardian. This is despite the fact that the resort has generated record revenue and attracts 16 million visitors per year.
More than 30 years after the park opened, Disney has still not recovered $4.2 billion invested in Disneyland Paris. ...
After more than 30 years, Disney has not yet recovered its $4.2 billion investment in Disneyland Paris, although the complex is currently the company's most profitable international destination, according to an analysis of recent official documents, writes The Guardian.
Despite record profit and attendance last year, the Marne-la-Vallée American entertainment giant's park has accumulated losses of $3.7 billion since its opening in 1992, and Disney has still not made a return on the initial investment of $4.2 billion, says The Guardian.
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