Euro Disney slashes losses

Euro Disney has slashed its losses for the past six months thanks to its 1994 financial restructuring and increased operating margins, the theme park announced April 21 in Paris.

Euro Disney, which has struggled with poorer-than-expected turnout and crippling debt since its opening in April 1992, reported a net loss of 241 million francs ($48.2 million), down 77% from the same period last year.

“These results show we are on the right track,” Euro Disney chairman Philippe Bourguignon said. “Nevertheless, it is premature to draw conclusions on the full year before the end of the summer.”

The theme park expects to break even toward the end of 1996.

Its latest attempt to draw crowds is the creation of movie multiplex at the entrance to the park with French cinema giant Gaumont.

Gaumont and the Walt Disney Co., which owns 49% of the park, already share a film distribution company in France, Gaumont Buena Vista Intl.

More News

  • Prince Harry and Meghan MarkleThe wedding

    'Stand by Me' Co-Writer on the Song's Significance at the Royal Wedding

    Euro Disney has slashed its losses for the past six months thanks to its 1994 financial restructuring and increased operating margins, the theme park announced April 21 in Paris. Euro Disney, which has struggled with poorer-than-expected turnout and crippling debt since its opening in April 1992, reported a net loss of 241 million francs ($48.2 […]

  • Solo A Star Wars Story

    'Solo: A Star Wars Story' Stumbles Overseas With $65 Million Launch

    Euro Disney has slashed its losses for the past six months thanks to its 1994 financial restructuring and increased operating margins, the theme park announced April 21 in Paris. Euro Disney, which has struggled with poorer-than-expected turnout and crippling debt since its opening in April 1992, reported a net loss of 241 million francs ($48.2 […]

  • 'Solo': What That Surprise Cameo Means

    'Solo': What a 'Character Too Secret to Ever Name' Means for the 'Star Wars' Spinoff

    Euro Disney has slashed its losses for the past six months thanks to its 1994 financial restructuring and increased operating margins, the theme park announced April 21 in Paris. Euro Disney, which has struggled with poorer-than-expected turnout and crippling debt since its opening in April 1992, reported a net loss of 241 million francs ($48.2 […]

  • Solo A Star Wars Story

    Box Office: 'Solo: A Star Wars Story' Looks to Edge Past $100 Million For Holiday Weekend

    Euro Disney has slashed its losses for the past six months thanks to its 1994 financial restructuring and increased operating margins, the theme park announced April 21 in Paris. Euro Disney, which has struggled with poorer-than-expected turnout and crippling debt since its opening in April 1992, reported a net loss of 241 million francs ($48.2 […]

  • Rebel Wilson and Taye Diggs

    Concert Review: 'Beauty and the Beast' Gets Adoring Tribute at Hollywood Bowl

    Euro Disney has slashed its losses for the past six months thanks to its 1994 financial restructuring and increased operating margins, the theme park announced April 21 in Paris. Euro Disney, which has struggled with poorer-than-expected turnout and crippling debt since its opening in April 1992, reported a net loss of 241 million francs ($48.2 […]

More From Our Brands

Access exclusive content