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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.

Disney to shoot a live action film in Britain

Disney, the studio behind animated hits Frozen and the Lion King, will film its first ever British live action film called "Evermoor" in the UK.

No word on who will star in Evermoor, but Walt Disney said this was their "most ambitious project yet". Credit: Reuters

The mystery adventure will follow American teenager Tara Bailey as she moves to a beautiful but isolated village on the edge of eerie moors in the middle England.

The four-part film is the first ever live action film Disney have shot in Britain and begins with Tara and her siblings trying to adjust to their new home.

But they are soon faced with danger and have to unite to save their new home and family's start in England.

The film is set to be aired in 160 countries across the world from autumn this year.

Twitter co-founder nominated for Disney board

Jack Dorsey sent the first ever tweet and founded a billion dollar electronic payments firm. Credit: ABACAUSA.COM

Twitter co-founder Jack Dorsey has been nominated for a position on the board of the Walt Disney company, the firm announced.

Dorsey, who is also CEO of fast-growing payments start-up Square, will be by far the media conglomerate's youngest board member if elected at Disney's annual meeting on March 18th.

The 36-year-old, who sent the company's first tweet in 2006 - "just setting up my twttr" - spent the past few years moulding San Francisco-based Square into a billion-dollar payments company.

In November, Twitter's initial public offering valued Dorsey's 4.9% percent stake in the messaging service at about $1 billion (£0.61bn).

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