Disney racks up $4.2bn deficit on Paris parks

Key points

• Disney has still not recouped $4.2bn of its investment in Disneyland Paris after more than 30 years, even though the resort is now its best-performing international outpost, according to an analysis of recent filings.
• The sprawling theme park complex swung open its ornate iron gates in 1992 and now attracts about 16 million visitors every year.
• It is wholly owned by Disney and is home to two theme parks – the fairytale-inspired Disneyland and Disney Adventure World, which launched its largest-ever expansion in late March.
• The lavish land, themed to the hit animated movie Frozen, is part of a $2.5bn (€2bn) investment by Disney, and its new chief executive, Josh D’Amaro, was on hand for the opening alongside Emmanuel Macron.
• Before the festivities, the resort’s parent company, Euro Disney Associés (EDA), posted sparkling results.