The Walt Disney Company on Tuesday announced a two-billion-euro ($2.5-billion) expansion of its Paris amusement park which will add a new Star Wars-themed zone to the huge site. Disneyland Paris will also build new areas devoted to its hit animated film “Frozen” and the Marvel comics franchise (Spider-Man, The Hulk, X-Men) as part of the makeover, which will take several years. “Your confidence shows that France is back!” tweeted the business-friendly president, who has made reinvigorating the economy a top priority. Disneyland Paris accounts for 6.2 percent of France’s tourism income alone, according to the Walt Disney Company, which described the expansion plan as “one of the most ambitious development projects” in the park’s history. Despite its popularity, Disneyland Paris is burdened by heavy debts that surpassed a billion euros in the financial year to September 2016, and has made a loss almost every year.

Source: Hindustan Times February 27, 2018 16:07 UTC