Today In Disney History ~ August 12th

Today In Disney History ~ August 12th 1

Today In Disney History ~ August 12th

Disneyland Paris, originally Euro Disney Resort, is an entertainment resort in Marne-la-Vallée, a new town located 32 km (20 mi) east of the centre of Paris, and is the most visited theme park in all of Europe. It is owned and operated by The Walt Disney Company and is the only resort outside of the United States to be. The resort covers 4,800 acres (19 km2) and encompasses two theme parks, many resort hotels, a shopping, dining, and entertainment complex, and a golf course, in addition to several additional recreational and entertainment venues. Disneyland Park is the original theme park of the complex, opening with the resort on 12 April 1992. A second theme park, Walt Disney Studios Park, opened in 2002. The resort is the second Disney park to open outside of the United States following the opening of the Tokyo Disney Resort in 1983.
Until June 2017, Disney only held a majority stake in the resort, when they bought the remaining shares. In 2017 The Walt Disney Company offered an informal takeover of Euro Disney S.C.A., buying 9% of the company from Kingdom Holding and an open offer of 2 Euro per share for the remaining stock. This brought The Walt Disney Company’s total ownership to 85.7%. The Walt Disney company will also invest an additional 1.5 Billion Euro to strengthen the company.
Following the success of Disneyland in California and Walt Disney World in Florida, plans to build a similar theme park in Europe emerged in 1972. Under 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. By March 1985, the number of possible locations for the park had been reduced to four; two in France and two in Spain.
Michael Eisner, Disney’s CEO at the time, 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 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. 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 1996 with a construction budget of US$2.3 billion.Today In Disney History ~ August 12th 2TMSM Today in Graphic by Sherry Rinaldi DeHart; Wiki

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Author: Michele

Michele Atwood is the Owner/Editor of The Main Street Mouse and it’s subsidiaries and author of the book “Moving to Main Street U.S.A.” Michele also contributes Disney news to the Joe Kelley Morning Show on 96.5 WDBO in Orlando. She and her family made the move from Michigan to the Orlando area to pursue their Disney dreams. Michele is a life long Disney fan, and has two sons who have followed suit, each going on their first Disney trip before their first birthday’s. Part of the goal Michele has for The Main Street Mouse is not only to keep members informed, but to create somewhat of a Disney Family by relating to others through personal experiences and opinions. Also, Michele is making it a priority to share stories of inspiration and hope to other Disney Fans in an effort to share the Magic and hopefully make a difference in the lives of others.

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