Walt Disney has announced plans to invest €2bn (£1.8bn) in Disneyland Paris, marking its largest investment since the park opened in 1992. The expansion will include a new lake and themed areas based on hit films such as Frozen and Star Wars.
Disney CEO Robert Iger revealed the plans after meeting French President Emmanuel Macron. The development will be rolled out over several years, starting in 2021.
The investment comes after financial struggles at the park, which has recorded losses in 18 of the last 25 financial years. Euro Disney, the former operator, faced declining visitor numbers and required repeated financial support from Disney and other investors, partly due to terrorist attacks in France.
Disney took full control of the park last year by buying the remaining shares in Euro Disney. The company stated that the investment underscores its commitment to the long-term success of the resort as a brand beacon in Europe.
President Macron welcomed the news, tweeting: 'Your confidence shows that France is back!' Disneyland Paris, located about 20 miles east of Paris, employs over 16,000 people and accounts for more than 6% of France's tourism income.
