This website uses cookies to ensure you have the best experience. Learn more

Disneyland Facts Essay

3930 words - 16 pages

Legislative Council Secretariat


Financial arrangements relating to Tokyo Disneyland, Disneyland Paris and Hong Kong Disneyland
1. Background

1.1 At the special meeting held on 4 July 2009, the Panel on Economic Development discussed the financial arrangements relating to the proposed expansion of Hong Kong Disneyland. During the discussion, a member requested the Research and Library Services Division to provide information on the financial arrangements relating to Tokyo Disneyland, Disneyland Paris and Hong Kong Disneyland. As such, the purpose of this fact sheet is to provide the Panel with information on these three theme parks in terms of their ownership ...view middle of the document...

The final contract which was signed in 1979 gave Walt Disney 5% of the gross revenue on all food and merchandise, 10% of the gross revenue on admissions, and 10% of any corporate sponsorship agreement, in exchange for a token US$2.5 million (HK$19.5 million) investment in the park. Walt Disney earned a fee for developing the park, retained complete design control, and retained significant control over park operations through a series of highly detailed operating manuals. (See Appendix I for the financial arrangements relating to the construction of Tokyo Disneyland.) 2.3 After the opening of Tokyo Disneyland in 1983, Oriental Land expanded the concept of a "theme park" to a "theme resort" by developing Tokyo Disney Resort. Today, Tokyo Disney Resort includes two theme parks (i.e. Tokyo Disneyland and Tokyo DisneySea); three Disney-branded hotels (the Disney Ambassador Hotel, the Tokyo Disney Sea Hotel MiraCosta and the Tokyo Disneyland Hotel), and the Disney Resort Line monorail (linking theme parks and resort hotels with Ikspiari, a retail, dining and entertainment complex). In addition to Tokyo Disney Resort, Oriental Land also operates a hotel – the Palm & Fountain Terrace Hotel – located only 15 minutes by shuttle bus from the resort area. 2.4 Please refer to Appendices II, III and IV for the ownership, operational statistics and nationality of visitors of Tokyo Disney Resort.


Based on the average exchange rate of HK$7.787 per US dollar in 2008.
page 2

Research and Library Services Division

Legislative Council Secretariat



Disneyland Paris

Overview 3.1 Disneyland Paris opened on 12 April 1992. It is located in a small farming town 25 km east of Paris. Talks between Walt Disney and the French government started in the early 1980s and an agreement was signed in 1985, with the deal completed in 1987. At that time, the French government called the agreement "the largest investment in recent history in France". 3.2 At first, the project cost was estimated to be about US$1 billion (HK$7.8 billion) and the original name was Euro Disney. The initial financial arrangement was that Walt Disney would hold a 49% equity in the project, and the French government would put in a cash grant and a loan and finance much of the infrastructure. This was the extent of the French government's involvement in the park as Euro Disney was to be run as a non-government concern. (See Appendix I for the financial arrangements relating to the construction of Disneyland Paris.) 3.3 When the theme park was completed, cost escalated to US$5 billion (HK$38.9 billion) due to a number of design and construction changes. Between 1992 and 1994, a combination of reasons led to financial difficulty at Euro Disney: the US$4 billion (HK$31.2 billion) debt posed a huge financial burden on the park, interest rates were double the original estimates, tourist spending was lower because of recession in Europe, half of the revenue projected to come...

Other Papers Like Disneyland Facts

The Walt Disney Essay

1970 words - 8 pages . Disneyland is your land. Here age relives fond memories of the past and here youth may savor the challenge and promise of the future. Disneyland is dedicated to the ideals, dreams and the hard facts that have created America… with the hope that it will be a source of joy and inspiration to all the world" ( Before Disneyland was built, Walt wanted to go out with his daughters Diane and Sharon to

Euro Disney Essay

1927 words - 8 pages Introduction The Walt Disney Company was originally founded in 1923; a company committed to providing quality and wholesome entertainment experiences to people of all ages. The company is known for the following four segments, which consist of Studio Entertainment, Parks and Resorts, Consumer Products and Media Networks. The Walt Disney Company consists of five (5) Disneyland and Disney Park Resorts, in total. Two are located in the United

Community Health And Population C229

2844 words - 12 pages Immunizations n.d.). Morbidity: The most common is ear infections--one in every 20 people with measles will have permanent hearing damage (CDC, 2015). Expectant mothers who contract the disease can go into premature labor and birth, have a spontaneous abortion, or deliver a low birth weight baby. Countries involved, dates discovered, and dates reached In December of 2014 a measles outbreak started in California at Disneyland. Though the

The Conflict Between Knowledge And Faith

1437 words - 6 pages , we are centered in the assumption that knowledge exists as a collection of facts which can all fit together nicely into a puzzle, or as Warner states, a large picture of human reality. Warner connects the misconception of knowledge with faith which he identifies as spiritual beliefs one holds even though these beliefs can be disproved and shaken by facts of knowledge. Warner brings forth the idea in which faith is not searched for in hopes of

Hospitality and Restaurant Management as an in-Demand Course: a Survey Study

2987 words - 12 pages that affect the students in taking up Hotel and Restaurant Management course in Panpacific University North Philippines, Tayug campus. This study aims more incoming freshman students to encourage taking up this course in college. Indicators are provided to measure which of the following factors has a great impact that influences the student why they choose taking up Hotel and Restaurant Management course. This research also contains facts which can

Closing Down Creativity and Standardising Knowledge in Education

4010 words - 17 pages specialist professor in their standardization meetings, have no answer to criticisms of formulaic model answers, or questions about competing interpretations of facts and ideas or about answers that question the exam questions. Sumner’s experience of one such standardization meeting was that creative answers were very likely to obtain fewer marks than answers that conformed to the expected formulaic package, even if they offered more individual

The Millenial Generation

3998 words - 16 pages remain the same.” This is the situation that the youngest job seekers find themselves in at the moment and for possibly quite a few years ahead. The Millennials are finding their ambitions are colliding with the facts of the economy around them and weathering the idea that perhaps their generation will be the first in a century that is unlikely to end up better off financially than their parents. This in itself a sobering reality and one that

Geography Revision

3266 words - 14 pages mathematics to finance. Its objective facts, for example country number of visitors in an area. RESILIENCE: The resilience of environments and their organisms to visitor or use impacts can be analysed. Resilience is the ability of an ecosystem or other physical system to recover and return to a normal state of equilibrium after a disturbance or disruption caused by its recreational carrying capacity being exceeded. RESILIENCE

Lonely Planet Netherlands

5354 words - 22 pages , and their love affair with windmills, wooden shoes and shelf toilets. It has more facts than insights, but it’s still an interesting read and the photos are inspired. Amsterdam: A Traveler’s Literary Companion (edited by Manfred Wolf) is a collection of 20 short stories by Amsterdam writers, including Harry Mulisch, Cees Nooteboom, Marga Minco and Bas Heijne. The tales delve into a side of the capital that is rarely seen by tourists. The


5572 words - 23 pages , rational thought winds down and disintegrates. ‘Consumers who make decisions based purely on facts represent a very small minority of the world’s population. They are people without feelings, or perhaps people who put their heart and emotions in the fridge when they are leaving home in the morning, and only take them out again when they go back home in the evening. Although even for these people, there is always some product or service they buy based

Human Resources Fundamentals

6835 words - 28 pages within an arm's reach. General Electric - #1 or #2 in what we do. CNN - 24-hour news. Disneyland - The happiest place on earth. At a broader level, strategy answers questions such as: Why should customers buy from your company? What do you do better than anyone else? Do you offer products or services that no other competitor can match? Do you offer the cheapest products or services? Are your products or services the highest-quality ones available? Do

Related Essays

Walt Disney And Disneyland Essay

1894 words - 8 pages Disneyland is a simple one. It will be a place for people to find happiness and knowledge. It will be a place for parents and children to share pleasant times in one another’s company; a place for teachers and pupils to discover great ways of understanding and education…. Disneyland will be based upon and dedicated to the ideals, the dreams and the hard facts that have created America…. Disneyland will be something of a fair, an exhibition, a

Disney Essay

605 words - 3 pages conditions and employees as well. Another feature Hong Kong Disneyland failed on was selling tickets in advanced and then having to face with the grumbling crowd waiting to enter the park. From... Introduction: A brief, one-to-two paragraph introduction that succinctly states the issues or problems you will discuss in the report. Do not restate the facts presented in the case. Analysis: From the list below, identify and briefly discuss

Derping Around Essay

1110 words - 5 pages ). At the Grand Opening Ceremony Walt Disney said “To all who come to this happy place - welcome. Disneyland is your land. Here age relives fond memories of the past and here youth may savor the challenge and promise of the future. Disneyland is dedicated to the ideals, the dreams, and the hard facts that have created America... with the hope that it will be a source of joy and inspiration to all the world. Thank you” (Rosenberg). This quote proves

Communication Strategy Essay

1213 words - 5 pages The following Memo has the objective of addressing some of the issues that are currently affecting Disneyland Honk Kong. In order to change its negative image, be more profitable and become a successful theme park, Hong Kong Disneyland needs to focus on rebuilding the customers experience and connect them to the original “Disney Magic”. Background/Facts • The Walt Disney Co. (Disney) was founded in 1923, and was committed to delivering