Spain and France were the leading contenders – Spain for their weather and France for its central location. In 1981 they solicited international bids from various countries including Germany, Spain and France. In the early 1980’s, The Walt Disney Company begin talking about a theme park and resort complex in Europe. We believe that the best path forward, in terms of managing that business successfully - and creatively by the way - is for us to be the primary owners, or the sole owners really, of that business, because that will give us the ability to make the kind of investments that we’d like to make to continue its success.”Īccording to, “In 18 of the past 25 years, the 5,510-acre, two-park resort has recorded losses.” It had public shareholders with separate trading stock.
It was a business structure that was set up when we opened. At The Walt Disney Company’s annual shareholders meeting Iger said, “We did make an announcement that we are attempting to buy in what is left of the public ownership of that entity.
