Paris
Struggling Disneyland Paris Getting $1 Billion+ Infusion
Struggling Disneyland Paris Getting $1 Billion+ Infusion
The Walt Disney Company will completely take over the flailing Paris-area amusement park.
October 06 2014 3:00 PM EST
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The Walt Disney Company is sending an emergency $1.3 billion to Disneyland Paris, which is facing declining attendance and rising debt.
Previously, California-based Disney only owned 40 percent of Disneyland Paris, with the rest owned by other investors, including a Saudi prince who is one of the top shareholders in Fox News. The gay-friendly Disney Company will now own the resort outright and work to pull it into profitability. Disneyland Paris, which opened in 1992, isn't entirely to blame for its poor numbers; European consumers have cut back considerably on spending, according to Travel Weekly.
Disney's other amusement parks are wildly popular though, especially resorts in Tokyo and Hong Kong.
See more images of beleagured Disneyland Paris below:
