Jonjo
Mouseketeer
- Joined
- Feb 1, 2008
- Messages
- 3,093
Last month two members of APPAED the Association of Small Holders of Shares Euro Disney meet with Senior Executive Vice President and Chief Financial Officer of the Walt Disney Company Jay Rasulo.
The full report of the meeting has been published on the Salon Mickey Blog today.
Reading between the lines the economic situation is effecting the resorts income, and visitor numbers.
The TWDC hope for profits and better results, but are aware of the current economic problems in Europe, all the competing Companies in Europe have the same problems. But TWDC are here for the long term and hope for a better future. They also have confidence in the Management Team and that Euro Disney remains independent in its decisions for its own development
He is also aware of the problems with WDS and commented that TWDC had the same problem in California with Disney California Adventure and it was solved with a massive investment.
He also stated "that to be profitable, you always need new things to get back visitors and make them spend more".
When asked is there going to an injection of capital for the resort he replied "At present, a capital increase is not considered. Nothing is planned, but you never can tell. We are waiting for the results of Ratatouille. But at the moment nothing is planned".
So I think we can finally put to bed the rumours that were circulating last month of TWDC jumping on it's white horse and giving DLP a blank cheque for the huge amount of work that was stated would be taking place in the resort soon.
The full report of the meeting has been published on the Salon Mickey Blog today.
Reading between the lines the economic situation is effecting the resorts income, and visitor numbers.
The TWDC hope for profits and better results, but are aware of the current economic problems in Europe, all the competing Companies in Europe have the same problems. But TWDC are here for the long term and hope for a better future. They also have confidence in the Management Team and that Euro Disney remains independent in its decisions for its own development
He is also aware of the problems with WDS and commented that TWDC had the same problem in California with Disney California Adventure and it was solved with a massive investment.
He also stated "that to be profitable, you always need new things to get back visitors and make them spend more".
When asked is there going to an injection of capital for the resort he replied "At present, a capital increase is not considered. Nothing is planned, but you never can tell. We are waiting for the results of Ratatouille. But at the moment nothing is planned".
So I think we can finally put to bed the rumours that were circulating last month of TWDC jumping on it's white horse and giving DLP a blank cheque for the huge amount of work that was stated would be taking place in the resort soon.
