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Falling visitor numbers prompt Euro Disney bail-out

Euro Disney, in Paris, has struggled in the economic downturn. Credit: Ian West/PA Wire.

Euro Disney has agreed a one billion euro bail-out deal as it struggles to recover following the economic downturn.

The Paris themepark, which is 40% owned by the Walt Disney Company, has seen visitor numbers drop by 700,000 to 14.9 million.

Its parent company is set to inject one billion euros into the business as part of a deal which include eliminating 600 million euros in debt.

Euro Disney opened in 1992 and has since welcomed more than 275 million visitors.

$20m settlement with Disney, Lucasfilm and Pixar

A US judge has granted final approval to a $20 million settlement involving Intuit and Walt Disney Co's Lucasfilm and Pixar units in a widely watched lawsuit over hiring in Silicon Valley.

The settlement involved Walt Disney Co's Lucasfilm and Pixar. Credit: Bay Area News Group/ABACA/Press Association Images

The ruling came from US District Judge Lucy Koh in San Jose, California. Four other companies, including Apple and Google, agreed to pay a combined $324 million to resolve similar allegations of hiring collusion. Koh has not yet ruled on that larger settlement.

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