’s theme park in Shanghai that’s opening in 2015 will avoid the troubles that have plagued the company’s resort in Paris, Chairman and Chief Executive Officer Robert Iger said.
The Shanghai park won’t have the debt overhang that hurt Disneyland Paris from the start, and will benefit from a larger local population base and stronger economy, Iger said yesterday in an interview on Bloomberg Television
“Euro Disney’s troubles date back a couple of decades and had to do with a financial structure of that business almost at inception,” Iger said in an interview from the Vanity Fair New Establishment Summit in San Francisco. “They took on a lot of debt. Their pricing models were off, and they ended up in an economy that was very, very bumpy over the years.”