Marne-la-Vallée ( French: [maʁn la va.le] ) ( English : Marne Valley ) is a new town located near Paris , France .
84-471: Disneyland Paris is an entertainment resort in Marne-la-Vallée , France, located about 32 kilometres (20 miles) east of Paris. It encompasses two theme parks, seven Disney-owned hotels, two convention centers, a golf course, an arena, and a shopping, dining and entertainment complex. Opened on 12 April 1992, the resort is operated by Disney Experiences , a division of The Walt Disney Company . It
168-559: A Who Framed Roger Rabbit franchise. However, the lackluster success of Disney's Animal Kingdom in the years after its opening, general stagnation in Disney's revenues and various corporate issues and disputes would dampen Eisner's later career. In 1993, Katzenberg had lobbied to become Eisner's second in command, which would have meant moving Frank Wells from president to vice chairman, to which Eisner 'replied that Wells would feel "hurt" in that scenario'. Coincidentally, Wells died in
252-661: A claymation show called Glenn Martin, DDS . He was inducted into the Television Academy Hall of Fame in 2012. In March 2017, came the revelation that Eisner was interested in a takeover of Portsmouth F.C. , a football club in the south of England that had fallen on hard times after years of poor ownership, before being taken over by its fans. The club released a statement on March 23, 2017, that Eisner and his Tornante Company were in an exclusivity agreement. On August 3, 2017, came confirmation that Eisner and his Tornante Company had completed their purchase for
336-578: A mockumentary style show about his takeover of the Topps Company, called "Back on Topps." In January 2022, he sold Topps to Fanatics following its loss of the Major League Baseball licensing rights. His investment firm has funded the critically acclaimed Netflix series BoJack Horseman . The College of Education at California State University, Northridge is named in his honor. In 2009, Eisner used his own money to produce
420-399: A series of commercial and critical successes . Disney also broadened its adult offerings in film when it acquired Miramax Films in 1993. Under Eisner, Disney acquired many other media sources, including ABC , most of ESPN , Fox Family Channel (now known as Freeform) and The Muppets franchise. The ABC purchase in particular reunited Eisner with his former employer. In the early part of
504-487: A 24 percent stake in Euro Disney. On 1 October 1994, Euro Disney changed its name to Disneyland Paris. On 31 May 1995, a new attraction opened at the theme park. Space Mountain: De la Terre à la Lune had been planned since the inception of Disneyland Paris under the name Discovery Mountain , but was reserved for a revival of public interest. With a redesign of the attraction (which had premiered as Space Mountain at
588-423: A construction budget of US$ 2.3 billion. The construction manager was Bovis . To provide lodging to patrons, it was decided that 5,200 Disney-owned hotel rooms would be built within the complex. In March 1988, Disney and a council of architects ( Frank Gehry , Michael Graves , Robert A.M. Stern , Stanley Tigerman , and Robert Venturi ) decided on an exclusively American theme in which each hotel would depict
672-568: A group of French farmers blockaded Euro Disney in protest of farm policies supported at the time by the United States. A journalist at the centre-right French newspaper Le Figaro wrote, "I wish with all my heart that the rebels would set fire to [Euro] Disneyland." Ariane Mnouchkine , a Parisian stage director, named the concept a "cultural Chernobyl ", a phrase which would be echoed in the media during Euro Disney's initial years. In response, French philosopher Michel Serres noted, "It
756-429: A helicopter crash in 1994. When Eisner did not appoint Katzenberg to Wells' now available post, tensions arose between the two that led to Katzenberg's resignation. At the time, Eisner refused to pay Katzenberg his contractual bonus despite Katzenberg's offer to accept $ 60 million as a settlement, much less than was actually owed. Katzenberg was forced to take the issue to court, who ruled in his favor. The final settlement
840-507: A lack of support by Eisner, and left Disney in December 1996, via a "no fault termination" with a severance package of $ 38 million in cash, and 3 million stock options worth roughly $ 100 million, at the time of Ovitz's departure. The Ovitz episode engendered a long-running derivative suit , which finally concluded in June 2006, almost 10 years later. Chancellor William B. Chandler III of
924-413: A member of his executive team (which required multiple takes) Eisner "came across as stiff and awkward ... Disney executives ... were pretty much unanimous that the test was a failure....Eisner stubbornly persisted in the face of almost unanimous criticism." Eisner hired Michael Kay, a director of political commercials for then- U.S. Senator Bill Bradley , to help him improve his on-camera performance. As
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#17327726102391008-437: A minority ownership stake in the resort. In early 2017, the company purchased 9% of Euro Disney S.C.A., buying 9% from Kingdom Holding and issued a tender offer of €2 per share for the remaining stock. This brought The Walt Disney Company's total ownership to 85.7%. The Walt Disney company also invested an additional €1.5 billion to strengthen and develop Disneyland Paris. In June 2017, Disney completed its tender offer and at
1092-710: A net loss of €63 million followed by stable revenues at €1.2 billion in fiscal year 2010. Euro Disney S.C.A. refinanced their debt to Walt Disney Company again for €1.3 billion in September 2012. A study done by the Inter-ministerial Delegation reviewing Disneyland Paris' contribution to the French economy was released in time for the Resort's 20th anniversary in March 2012. It found that despite
1176-758: A nightly drone show entitled 'Disney D-Light' in partnership with the Bordeaux-based company Dronisos. The visual spectacle was realized with the use of 200 drones. In fact, Disney D-Light won the Park World Excellence Awards' title of the 'Best Live Entertainment of the Year' in 2022. In the summer of 2022, to mark the park's anniversary in France, Disneyland Paris inaugurated the Marvel Avengers Campus, an area dedicated to
1260-489: A projected daily attendance of 55,000, Euro Disney planned to serve an estimated 14,000 people per hour inside the Euro Disneyland park. To accomplish this, 29 restaurants were built inside the park (with a further 11 restaurants built at the Euro Disney resort hotels and five at Festival Disney). Menus and prices were varied with an American flavor predominant and Disney's precedent of not serving alcoholic beverages
1344-452: A region of the United States. At the time of the opening in April 1992, seven hotels collectively housing 5,800 rooms had been built. An entertainment, shopping, and dining complex based on Walt Disney World's Downtown Disney was designed by Frank Gehry. With its towers of oxidised silver and bronze-coloured stainless steel under a canopy of lights, it opened as Festival Disney . For
1428-434: A result, Eisner was well-recognized by children at the company's theme parks who often asked him for autographs. During the second half of the 1980s and early 1990s, Eisner revitalized Disney. Beginning with the films Who Framed Roger Rabbit (1988) which was brought to Disney by Jeffrey Katzenberg and The Little Mermaid (1989) a Ron Clements idea that Eisner originally panned, its flagship animation studio enjoyed
1512-541: A site near Toulon in southern France , not far from Marseille . The pleasing landscape of that region, as well as its climate, made the location a top competitor for what would be called Euro Disneyland. However, shallow bedrock was encountered beneath the site, which would have rendered construction too difficult. Finally, a site in the rural town of Marne-la-Vallée was chosen because of its proximity to Paris and its central location in Western Europe. This location
1596-529: A string of box-office bombs in the early 2000s, public feuds with former associates such as Jeffrey Katzenberg and Steve Jobs , and dissatisfaction with Eisner's management style culminated in the "Save Disney" campaign organized by Roy E. Disney , during which Eisner rapidly lost the confidence of much of Disney's Board of Directors. As a result of the pressure from the campaign, Eisner announced in March 2005 that he would step down as CEO prematurely, handing day-to-day duties to Bob Iger before formally leaving
1680-497: A surprising and unprecedented 43% of Disney's shareholders, predominantly rallied by former board members Roy Disney and Stanley Gold , withheld their proxies to re-elect Eisner to the board. This vote followed a stunning rebuke of Eisner and his executive and chairman practices by both the Institutional Shareholder Services and Glass, Lewis, a shareholder advisory service. Disney's board then gave
1764-522: Is an American businessman and former chairman and chief executive officer (CEO) of The Walt Disney Company from September 1984 to September 2005. Prior to Disney, Eisner was president of rival film studio Paramount Pictures from 1976 to 1984, and had brief stints at the major television networks NBC , CBS , and ABC . Eisner's 21-year stint at Disney saw the revitalization of the company's poorly performing animation studios with successful films such as The Little Mermaid (1989), Beauty and
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#17327726102391848-469: Is located on approximately 2,100 hectares (5,200 acres ) of land which is being developed under a master agreement with French governmental authorities. About half of the land has been developed, including a planned community, Val d'Europe . Disneyland Paris is Europe's most-visited theme park, and the largest single-site employer in France with 17,000 employees. It generated $ 343 million in profit for Disney in 2023. By 2022, 375 million people had visited
1932-501: Is not America that is invading us. It is we who adore it, who adopt its fashions and above all, its words." Euro Disney S.C.A.'s then-chairman Robert Fitzpatrick responded, "We didn't come in and say O.K., we're going to put a beret and a baguette on Mickey Mouse . We are who we are." Topics of controversy also included Disney's American managers requiring English to be spoken at all meetings and Disney's appearance code for members of staff, which listed regulations and limitations for
2016-474: Is the second Disney park outside the United States, following the opening of the Tokyo Disney Resort in 1983, and the largest. Disneyland Paris is also the only Disney resort outside of the United States to be completely owned by the company. Disneyland Park , opened in 1992, is the original theme park of the complex. A second theme park, Walt Disney Studios Park , opened in 2002. The resort
2100-745: Is underrated". In January 2006, Disney's corporate headquarters in Burbank was renamed to Team Disney – The Michael D. Eisner Building in Eisner's honor. On October 7, 2005, Eisner was a guest host for the Charlie Rose talk show. His guests were John Travolta and his ex-boss, Barry Diller . Impressed with Eisner's performance, CNBC President Mark Hoffman hired Eisner in early 2006 to host his own talk show, Conversations with Michael Eisner . The show mostly featured CEOs, political leaders, artists and actors, until its cancellation in 2009. Eisner
2184-543: The Star Trek film franchise, Ordinary People , Raiders of the Lost Ark , An Officer and a Gentleman , Flashdance , Terms of Endearment , Beverly Hills Cop , and Footloose , and TV shows such as Happy Days , Laverne & Shirley , Cheers and Family Ties . Diller left Paramount on September 30, 1984, and, as his protégé, Eisner expected to assume Diller's position as studio chief. When he
2268-532: The Delaware Court of Chancery , despite describing Eisner's behavior as falling "far short of what shareholders expect and demand from those entrusted with a fiduciary position...", found in favor of Eisner and the rest of the Disney board because they had not violated the duty of care owed by a corporation's officers and board to its shareholders. Despite his record of success while serving as President, CEO and Chairman of The Walt Disney Company, Eisner
2352-611: The November 2015 Paris attacks . In 2015, Euro Disney announced major renovations for 2015, 2016 and 2017 in preparation for the complex's 25th anniversary. The Themed Entertainment Association considers Disneyland Paris to be the leading European resort in 2016 with a total of 13.37 million visitors. With two amusement parks and 5,800 rooms, it is followed by the Europa-Park resort with 5.6 million visitors and 953 rooms. The Spanish complex PortAventura World completes
2436-550: The Walt Disney World Resort 's Magic Kingdom in 1975) including a "cannon launch" system, inversions, and an on-ride soundtrack, the US$ 100 ;million attraction was dedicated in a ceremony attended by celebrities such as Elton John , Claudia Schiffer , and Buzz Aldrin . On 25 July 1995, Disneyland Paris reported its first quarterly profit of US$ 35.3 million. On 15 November 1995, the results for
2520-445: The fiscal year ending 30 September 1995 were released; in one year the theme park's attendance had climbed from 8.8 million to 10.7 million, an increase of 21%. Hotel occupancy had also climbed from 60 to 68.5%. After debt payments, Disneyland Paris ended the year with a net profit of US$ 22.8 million. In March 2002, Disneyland Paris underwent a second name change to Disneyland Resort Paris. In 2002, Euro Disney S.C.A. and
2604-766: The 1990s, Eisner and his partners set out to plan "The Disney Decade" which was to feature new parks around the world, existing park expansions, new films, and new media investments. While some of the proposals were completed, most were not. Those completed included the Euro Disney Resort (now Disneyland Paris ) which was vastly over budget, and had low attendance and was acknowledged by Eisner to be his "real financial disappointment", Disney-MGM Studios (now Disney's Hollywood Studios ), Disney's California Adventure Park (now Disney California Adventure ), Disney-MGM Studios Paris (eventually opened in 2002 as Walt Disney Studios Park ), and various film projects including
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2688-846: The Beast (1991), Aladdin (1992), and The Lion King (1994), a period known as the Disney Renaissance . Eisner additionally broadened the company's media portfolio by leading the acquisitions of ABC , most of ESPN and The Muppets franchise. Eisner also led major investments and expansion of the company's theme parks both domestically and globally, including the openings of Disney-MGM Studios (now Disney's Hollywood Studios) in 1989, Euro Disney (now Disneyland Paris) in 1992, Disney's Animal Kingdom in 1998, Disney's California Adventure Park and Tokyo DisneySea in 2001, Walt Disney Studios Park in 2002 and Hong Kong Disneyland in 2005. Eisner's final years at Disney were tumultuous:
2772-462: The CEO-designate. Eisner did not initially promote Iger as a successor until after the board put pressure on Eisner to resign. To reporters and contrary to his actual intentions, Eisner remarked that "I would not have agreed to [leave] if it hadn't been Bob. Because of governance, they wanted a big search and everything. ... And by the end of the search, it was clear that I was able to convince
2856-548: The Caribbean ;: Dead Men Tell No Tales , for the film's European premiere. On 27 February 2018, Walt Disney Company CEO Bob Iger announced that company would invest €2 billion into the Disneyland Paris resort. The Disney Adventure World will be expanded with three new areas between 2021 and 2025, based upon Marvel , Frozen and Star Wars . In March 2018, a Disney Parks West regional division
2940-448: The Disney product that people would be expecting." Euro Disney opened for employee preview and testing in March 1992. During this time, visitors were mostly park employees and their family members, who tested facilities and operations. The press was able to visit the day before the park's opening day, 12 April 1992. On 12 April 1992, Euro Disney Resort and its theme park, Euro Disneyland, officially opened. Visitors were warned of chaos on
3024-525: The Environment, Disneyland Paris would generate 63,000 jobs by 2022. Overall, in 2022, Disneyland Paris was still Seine-et-Marne's largest employer. The prospect of a Disney park in France was a subject of debate and controversy. Critics, who included prominent French intellectuals, denounced what they considered to be the cultural imperialism of Euro Disney and felt it would encourage an unhealthy American type of consumerism in France. On 28 June 1992,
3108-495: The Walt Disney Company announced another annual profit for Disneyland Paris. However, it then incurred a net loss in the three years following. By March 2004, the Walt Disney Company had agreed to write off all debt that Euro Disney S.C.A. owed to the Walt Disney Company. On 1 December 2003, Euro Disney S.C.A launched the 'Need Magic?' campaign, which lasted until March 2006 to bring new, first-time European visitors to
3192-420: The banks so that they could get some help for their debt. As a last resort, the Walt Disney Company threatened to close the Disneyland Paris park, leaving the banks with the land. In May 1992, entertainment magazine The Hollywood Reporter reported that about 25% of Euro Disney's workforce, approximately 3,000 people, had resigned from their jobs because of unacceptable working conditions. It also reported that
3276-577: The board—our newly constructed board—that Bob was great." Within Disney, though, Eisner was telling Board members that Iger lacked "stature". On September 30, Eisner resigned both as an executive and as a member of the board of directors, and, severing all formal ties with the company, he waived his contractual rights to perks such as the use of a corporate jet and an office at the company's Burbank headquarters. While Eisner did much to stabilize and promote Disney in his early years as CEO, his performance in later years garnered much criticism. "Beginning with
3360-407: The chairmanship position to board member George Mitchell . However, the board did not immediately remove Eisner as chief executive. On March 13, 2005, Eisner announced that he would step down as CEO one year before his contract expired, and handed off day-to-day duties to Bob Iger , who had been serving as Disney's President and Chief Operating Officer and had just been selected by the directors as
3444-644: The company in September 2005. He went on to create the stop-motion animated sitcom Glenn Martin, DDS in 2009. Eisner was born to an affluent, secular Jewish family in Mount Kisco, New York . His mother, Margaret (née Dammann), whose family founded the American Safety Razor Company , was the president of the Irvington Institute, a hospital that treated children with rheumatic fever . His father, Lester Eisner, Jr.,
Disneyland Paris - Misplaced Pages Continue
3528-418: The company's well-publicized distribution disputes with long-time production partner Pixar Animation Studios and its CEO Steve Jobs , with whom Disney had produced such animated feature film hits as Toy Story , A Bug's Life , Monsters, Inc. , and Finding Nemo , which were critically acclaimed and financially successful for both partners. On March 3, 2004, at Disney's annual shareholders' meeting,
3612-499: The company. Eisner brought in Jeffrey Katzenberg as Walt Disney Studios chairman. A couple of years after becoming chairman and CEO, Eisner became the host of The Wonderful World of Disney , making him the public face of the company as well as its top executive. Eisner was not a performer by profession, and studio management did not believe he could do the hosting job. After filming a test video with his wife Jane and
3696-535: The cost to Disney and the vitriol and publicity they generated, are without parallel in American business history. ... Eisner controlled and manipulated the board by keeping members isolated, preferring to communicate one-on-one; selectively doling out information, access and benefits ... and ruthlessly dispatching anyone who dared challenge him." In his book The Ride of a Lifetime , Bob Iger quotes Eisner answering criticism for micro-managing as saying: "Micromanaging
3780-571: The direct RER railway connection to Euro Disney from the centre of Paris made the park inaccessible. Due to the European recession that August, the park faced financial difficulties as there were a lack of things to do and an overabundance of hotels, leading to underperformance. The failure of Euro Disney caused the cancellation of several projects like WestCOT , Disney's America , Tomorrowland 2055 at Disneyland and Beastly Kingdom at Disney's Animal Kingdom . A new Indiana Jones roller coaster ride
3864-658: The division dissolving, and Disneyland Paris transferred to Disney Parks International, while the East region reverted to its prior name. On 1 June 2019, Disneyland Paris sponsored the Magical Pride Party , an LGBTQ celebration. Previous similar events have taken place at the park since 2014, but were not officially sponsored by Disney. Natacha Rafalski was promoted from chief financial officer to president for Disneyland Paris in December 2018. On 15 March 2020, in line with other Disney parks and resorts, Disneyland Paris
3948-700: The financial situation, Fitzpatrick ordered that the Disney-MGM Studios Europe project would be put on halt until a further decision could be made. Prices at the hotels were reduced. Despite these efforts in May 1992, park attendance was around 25,000 (some reports give a figure of 30,000) instead of the predicted 60,000. The Euro Disney Company stock price spiraled downward and on 23 July 1992, Euro Disney announced an expected net loss in its first year of operation of approximately 300 million French francs . During Euro Disney's first winter, hotel occupancy
4032-431: The first plans in 1965 and now covers an area of over 15,000 hectares (37,000 acres) and includes 31 communes , in the départements of Seine-et-Marne , Seine-Saint-Denis and Val-de-Marne . Total population (2007) is 282,150. For administrative purposes, the area has been divided into four sectors: As of 1990 fewer than 10,000 persons of East/Southeast Asian origin resided in six communes of Marne-la-Vallée. 26% of
4116-535: The founders of Creative Artists Agency , to be President with minimal involvement from Disney's board of directors (which at the time included Oscar-winning actor Sidney Poitier , the CEO of Hilton Hotels Corporation Stephen Bollenbach , former U.S. Senator George Mitchell , Yale dean Robert A. M. Stern , and Eisner's predecessors Raymond Watson and Card Walker ). Ovitz lasted only 14 months, partly due to outright hostility from Sandy Litvak and Steve Bollenbach and
4200-592: The lavish, even reckless spending on Euro Disney, and continuing with the poorly planned and executed foray into the Internet, and perhaps worst of all, the acquisition of the Fox Family cable network - each of which is a more than $ 1 billion mistake - Eisner squandered Disney's assets. ... This is even before considering the exit of Jeffery Katzenberg, the failure to honour his contract, and the hiring and firing of Michael Ovitz, personnel and judgment errors, which, in
4284-519: The leaders of the Walt Disney Company and the French government and territorial collectivities on 24 March 1987. Construction began in August 1988, and in December 1990, an information centre named "Espace Euro Disney" was opened to show the public what was being constructed at the time. Plans for a theme park next to Euro Disneyland based on the entertainment industry, Disney-MGM Studios Europe , quickly went into development, scheduled to open in 1995 with
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#17327726102394368-464: The leadership of E. Cardon Walker , Tokyo Disneyland opened in 1983 in Japan with instant success, forming a catalyst for international expansion. In late 1984 the heads of Disney's theme park division, Dick Nunis and Jim Cora, presented a list of approximately 1,200 possible European locations for the park. Britain, France, Italy and Spain were all considered. However, Britain and Italy were dropped from
4452-700: The list due to both lacking a suitable expanse of flat land. By March 1985, the number of possible locations for the park had been reduced to four; two in France and two in Spain. Both nations saw the potential economic advantages of a Disney theme park and offered competing financing deals to Disney. Both Spanish sites were located near the Mediterranean and offered a subtropical climate similar to Disney's parks in California and Florida. Disney had asked each site to provide average temperatures for every month for
4536-435: The local French labour market". Disney sought workers with sufficient communication skills, who spoke two European languages (French and one other), and were socially outgoing. Following precedent, Euro Disney set up its own Disney University to train workers. 24,000 people had applied by November 1991. In 2011, the park provided 55,643 direct and indirect jobs in France. According to Damien Audric, Director of Development and
4620-415: The national programming director. Eisner moved up the ranks, eventually becoming a senior vice president in charge of programming and development. In 1976, Diller, who had by then moved on to become chairman of Paramount Pictures , recruited Eisner from ABC and made him president and COO of the movie studio. During his tenure at Paramount, the studio produced films such as Saturday Night Fever , Grease ,
4704-505: The opening of Star Tours: The Adventures Continue – a new version of Star Tours – marked the start of Disneyland Paris' 25th anniversary. On 31 March 2017, forums announced plans for Marvel attractions at Disney Adventure World as well as renovations to the Disneyland Hotel and Disney's Hotel New York in the next ten years. On 14 May 2017, to celebrate Disneyland Paris' 25th anniversary, the park welcomed actors from Pirates of
4788-493: The park's attendance was far behind expectations. The disappointing attendance can be at least partly explained by the recession and increased unemployment, which was affecting France and most of the rest of the developed world at this time; when construction of the resort began, the economy was still on an upswing. Euro Disney S.C.A. responded in an interview with The Wall Street Journal , in which Robert Fitzpatrick claimed only 1,000 people had left their jobs. In response to
4872-487: The park. The Walt Disney Company announced a € 1 billion plan (equivalent to US$ 1.25 billion at the time) to rescue the financially struggling Disneyland Paris resort, the Financial Times reported on 6 October 2014. The park was burdened by its debt, which at the time was calculated at about €1.75 billion ( US$ 2.2 billion ), roughly 15 times its gross average earnings. Up to that point, Disney only held
4956-948: The population of Lognes was Asian, and other percentages were 8% in Noisiel , 5-6% in Noisy-le-Grand , and 5-6% in Torcy . In 1982 there were 6,000 Asians in Marne-la-Vallée, making up 3-4% of the area's population. In 1987 the number increased to 9,000. Louise, the main character in Éric Rohmer's 1984 film Full Moon in Paris , shares an apartment with her partner Rémi in Marne-la-Vallée. [REDACTED] Media related to Marne-la-Vallée at Wikimedia Commons 48°51′33″N 2°35′55″E / 48.85917°N 2.59861°E / 48.85917; 2.59861 Michael Eisner Michael Dammann Eisner (born March 7, 1942)
5040-511: The previous 40 years, which proved a complicated endeavour as none of the records were computerised. The site in Pego, Alicante became the front-runner, but the location was controversial as it would have meant the destruction of Marjal de Pego-Oliva marshlands, a site of natural beauty and one of the last homes of the almost extinct Samaruc or Valencia Toothcarp, so there was some local outcry among environmentalists. Disney had also shown interest in
5124-456: The rank top three in Europe. It features three themed-parks as well as 2,100 rooms. On 19 June 2017, the resort's operating company, Euro Disney S.C.A , was acquired by The Walt Disney Company , giving them full control of the resort. In December 2018, Natacha Rafalski took over as CEO. On 1 September 2017 the resort's second nature resort opened as Les Villages Nature Paris. On 26 March 2017,
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#17327726102395208-519: The resort's financial hardships, it had generated "37 billion euros in tourism-related revenues over twenty years", supports on average 55,000 jobs in France annually, and that one job at Disneyland Paris generates nearly three jobs elsewhere in France. For the first time in the resort's history, both the Disneyland Park and Disney Adventure World closed from 14 to 17 November 2015, as part of France's national days of mourning following
5292-520: The resort. In March 2006, Disneyland Resort Paris launched the advertising campaign "believe in your dreams" and paired with the TGV East European Line to encourage European family attendance to the resort. Shortly after announcing a 12% increase in revenues for the fiscal year of 2007, Euro Disney S.C.A. implemented a "reverse split" consolidation of shares of 100 to 1. August 2008 brought the resort's 200 millionth visitor, and made for
5376-424: The restrictions are requisite to the job and do not exceed what is necessary. Disney countered by saying that a ruling that barred them from imposing such an employment standard could threaten the image and long-term success of the park. "For us, the appearance code has a great effect from a product identification standpoint," said Thor Degelmann, Euro Disney's personnel director. "Without it we couldn't be presenting
5460-420: The roads. A government survey indicated that half a million people carried by 90,000 cars might attempt to enter the complex. French radio warned traffic to avoid the area. By midday, the car park was approximately half full, suggesting an attendance level below 25,000. Explanations of the lower-than-expected turnout included speculation that people heeded the advice to stay away and that the one-day strike that cut
5544-469: The summer of 1994, Euro Disney was burdened with $ 3 billion worth of debt. Disney CFO Richard Nanula and Wall Street financier Steve Norris worked with Alwaleed 's business advisor Mustafa Al Hejailan to rescue the overleveraged company. In that deal, Disney's 49 percent stake was reduced to 39 percent, the banks agreed to forego interest payments until 1997, Disney wrote off royalties and fees until 1999, and Alwaleed agreed to pay $ 345 million for
5628-917: The superheroes of the Marvel Universe, with the presence of the actress Brie Larson who plays Captain Marvel. At the Expo of the International Association of Amusement Parks and Attractions (IAAPA), Disneyland Paris' 30th Anniversary Celebration was elected for the 'Most Creative Property-Wide Event, Amusement Parks and Attractions, Including Water Parks, Annual Attendance More than 1 million'. Marne-la-Vall%C3%A9e Disneyland Paris , Walt Disney Studios Park , Val d'Europe , Université Paris-Est Marne-la-Vallée , ESIEE Paris , and École des Ponts ParisTech are located in Marne-la-Vallée. Marne-la-Vallée has been gradually built up since
5712-487: The third consecutive year of growth in revenues for the resort as well as a record 15.3 million visitors in attendance. In 2009, the resort demonstrated dedication to the recruitment of new employment positions, especially for the Christmas and summer seasons, which continued in 2010 and 2011 when 2,000 and 3,000 employment contracts being offered, respectively. The 2009 fiscal year saw a decrease in revenues by 7% and
5796-529: The time owned over 97% of Euro Disney. It then implemented a full buyout of the shares they did not already own. In 2018, after taking full control of Disneyland Paris, Walt Disney reported its plans to invest €2 billion ( US$ 2.47 billion ) into the Disneyland Paris resort. Following the success of Disneyland in California, plans to build a similar theme park in Europe emerged in 1966 with sites in Frankfurt , Paris, London or Milan under consideration. Under
5880-460: The time people kept telling us, 'Do your own thing. Do what's American'." Unlike Disney's American theme parks , Euro Disney aimed for permanent employees (an estimated requirement of 12,000 for the theme park itself), as opposed to seasonal and temporary part-time employees. Casting centres were set up in Paris, London, and Amsterdam . However, it was understood by the French government and Disney that "a concentrated effort would be made to tap into
5964-405: The use of makeup, facial hair, tattoos, jewellery, and more. French labour unions mounted protests against the appearance code, which they saw as "an attack on individual liberty". Others criticised Disney as being insensitive to French culture, individualism, and privacy, because restrictions on individual or collective liberties were illegal under French law , unless it could be demonstrated that
6048-432: Was $ 280 million. Katzenberg went on to found DreamWorks SKG , with partners Steven Spielberg and David Geffen . Eisner recalled that " Roy E. Disney , who did not like him at all — I forget the reason, but Jeffrey probably did not treat him the way that Roy would have wanted to be treated — said to me, 'If you make him the president, I will start a proxy fight.'" Eisner then recruited his friend Michael Ovitz , one of
6132-575: Was a lawyer and regional administrator of the United States Department of Housing and Urban Development . His great-grandfather, Sigmund Eisner , established a successful clothing company that was one of the first uniform suppliers to the Boy Scouts of America and his great-grandmother, Bertha Weiss, belonged to an immigrant family that established the town of Red Bank, New Jersey . Eisner has one sister, Margot Freedman. He
6216-438: Was also an executive producer of the show. In March 2007, Eisner's investment firm, The Tornante Company , launched a studio, Vuguru , that produces and distributes videos for the Internet, portable media devices and cell phones. In October 2007, Eisner, through his Tornante Company investment firm, partnered with Madison Dearborn Partners in the acquisition of Topps Company , the bubble-gum and collectibles firm. He produced
6300-443: Was also known for his habit of integrating much of his Paramount films with Disney. These moves were seen as unfavorable, and led to Eisner’s isolation from other Disney executives by 1995. On November 30, 2003, Roy E. Disney , the son and nephew of co-founders Roy O. Disney and Walt Disney , respectively, resigned from his positions as Disney vice chairman and chairman of Walt Disney Feature Animation . His reasons for resigning
6384-436: Was continued in the park. 2,300 patio seats (30% of park seating) were installed to satisfy Europeans' expected preference of eating outdoors in good weather. In test kitchens at Walt Disney World, recipes were adapted for European tastes. Walter Meyer, executive chef for menu development at Euro Disney and executive chef of food projects development at Walt Disney World noted, "A few things we did need to change, but most of
6468-453: Was estimated to be no more than a four-hour drive for 68 million people and no more than a two-hour flight for a further 300 million. Michael Eisner signed the first letter of agreement with the French government for the 20-square-kilometre (4,940-acre) site on 18 December 1985, and the first financial contracts were drawn up during the following spring. The final contract was signed by
6552-610: Was formed with Disneyland Resort in California, Walt Disney World in Florida, and Disneyland Paris under Catherine Powell, outgoing Disneyland Paris president. This mirrors the Disney Parks East regional division consisting of Shanghai Disney Resort, Hong Kong Disneyland and Walt Disney Attractions Japan and headed by Michael Colglazier. In September 2019, Powell exited her post as president of the Parks West division, with
6636-514: Was his feeling that there was too much micromanagement within the studio, flops with the ABC television network, the company's growing timidity in the theme park business, the Walt Disney Company turning into a "rapacious, soul-less" company, Eisner's refusal to establish a clear succession plan, as well as the studio releasing a string of box-office movie failures starting in the year 2000, such as The Emperor's New Groove and Treasure Planet , and
6720-458: Was opened at Euro Disney in 1993. A few weeks after the ride opened, there were problems with the emergency brakes which resulted in guest injuries. In 1994, the company was still having financial difficulties. There were rumours that Euro Disney was getting close to having to file for bankruptcy. The banks and the backers had meetings to work out some of the financial problems facing Euro Disney. In March 1994, Team Disney went into negotiations with
6804-504: Was passed over for the job, though, he left to look for work elsewhere and lobbied for the position of CEO of The Walt Disney Company . Following the deaths of founders Walt Disney in 1966, and Roy O. Disney in 1971, The Walt Disney Company narrowly survived several takeover attempts. Its shareholders Sid Bass and Roy E. Disney brought in Eisner (as CEO and chairman of the board) and former Warner Bros. chief Frank Wells (as president) to replace Ron W. Miller in 1984 and strengthen
6888-878: Was raised on Park Avenue in Manhattan. He attended the Allen-Stevenson School kindergarten through ninth grade followed by The Lawrenceville School in 10th through his senior year and graduated from Denison University in 1964 with a bachelor's degree in English. He is a member of the Delta Upsilon fraternity and credits much of his success to his time at Keewaydin Canoe Camp for boys in Vermont . After two brief stints at NBC and CBS , Barry Diller at ABC hired Eisner as assistant to
6972-583: Was shut down due to the worldwide COVID-19 pandemic . Disneyland Park and Disney Adventure World reopened to the public on 15 July with the rest of the resort. On 29 October 2020, the resort closed again due to a second nationwide lockdown. Disneyland Paris reopened on 17 June 2021. In 2022, Disney's shares in Villages Nature Paris were sold. In 2022, Disneyland Paris celebrated its 30th anniversary. In March 2022, in celebration of its 30th anniversary, Disneyland Paris marked its 30 years with
7056-485: Was so low that it was decided to close the Newport Bay Club hotel during the season. Initial hopes were that each visitor would spend around US$ 33 per day, but near the end of 1992, analysts found spending to be around 12% lower. Efforts to improve attendance included serving alcoholic beverages with meals inside the Euro Disneyland park, in response to a presumed European demand, which began 12 June 1993. By
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