Walt Disney Co., one of the largest entertainment companies inthe world, decided to build an entertainment park in Europe afterthe success of its first international venture: Tokyo Disneyland,opened in 1983, reported booming attendance since its first year ofoperations. The opening of Euro Disney was celebrated in 1992.
However, the Euro Disney resort did not meet its expectationsregarding the number of visitors during the first years ofoperations and in 1994 it reported losses of $1 million a daybecause of its high fixed costs and interest payments on debt.
The company started its negotiations with French government backin 1986. As the result of negotiations,
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