Disney plans €2bn expansion of Disneyland Paris

Walt Disney has announced plans to invest €2bn (£1.8bn) in Disneyland Paris, building a lake and new attractions devoted to hit films such as Frozen and Star Wars.

Disney boss Robert Iger announced the plans after meeting with French president Emmanuel Macron, BBC reports.

Disney said the development would be rolled out over several years, starting in 2021.

"In addition to the three new areas, the creative vision includes a new lake, which will be the focal point for entertainment experiences and will also connect each of the new park areas," Disney said in a press statement.

The move follows financial troubles at the park, which opened in 1992.

BBC reports that Euro Disney, the subsidiary that previously operated the park, had faced falling visitor numbers and required repeated financial injections from Disney and other investors. Terrorist attacks in France contributed to the problems.

Disney took back control of the park last year, buying the shares in Euro Disney it did not already own.

In Tuesday’s announcement, Disney said the investment, its largest since the park’s opening, "underscores the company’s commitment to the long-term success of the resort as Disney’s brand beacon in Europe".

Image: Artist’s concept of the new areas, focussed around a lake (Disney)

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