ENTERTAINMENT
Newspaper Reports Meetings on Euro Disney: The Sunday Times of London said executives of Euro Disney and Burbank-based Walt Disney Co. met over the weekend to discuss options for the troubled French theme park’s future. The paper says the discussion topics included an injection of new funding, a rights issue or even, potentially, closing the park. Since opening in April, 1992, Euro Disney, 49% owned by Walt Disney Co., has had lower-than-expected revenue from its attractions as well as from food, merchandise and hotels. With debt of $3 billion, Euro Disney last week disclosed 15% lower revenue for the company’s third quarter, ending in June. “The attendance figures are there,” the Times quoted a Euro Disney spokesman as saying, “but the company is still not making money.” Representatives of Walt Disney Co. were unavailable for comment.
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