Euro Disney Strikes Restructuring Deal
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Euro Disney SCA said Tuesday its lenders have agreed unanimously to extend a debt plan designed to keep the troubled theme park operator afloat.
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The chequered story of theme park operator Euro Disney took a twist as dramatic as anything in a Mickey Mouse cartoon when an obscure Swiss holding company announced plans for a hostile takeover bid.
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Unions and management at Alitalia have struck a deal on payoffs for 3,700 employees set to lose their jobs. The agreement should open the way for the restructuring which could save the Italian carrier from bankruptcy.
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Walt Disney Co. on Friday said it would cut jobs in its animation unit as the media company sought to be flexible in timing of its films.
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Shareholders in French theme park operator Euro Disney (EDLP.PA: Quote, Profile, Research) on Friday backed plans for a capital increase of at least 250 million euros as part of a crucial restructuring effort.
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Euro Disney shares leapt on Wednesday  after the French theme park operator clinched a long-awaited  deal to restructure its debt, but analysts say big challenges  loom for Chairman Andre Lacroix.
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The European Union closed antitrust cases Tuesday against six major Hollywood studios after they agreed to drop clauses in contracts with pay television operators that the EU said keeps the price of films artificially high in Europe.
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International Entertainment acquista quota gruppo Delta
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Disney reached a deal on Wednesday to sell its struggling nationwide chain of retail stores to the Children&#39;s Place, the children&#39;s clothing merchant.
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European Union regulators Thursday cleared a joint venture between The Walt Disney Company, Columbia Pictures Corp. Ltd., and Britain&#39;s ON Demand Group to provide a video-on-demand service in Britain and Ireland.
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The entertainment conglomerate -- which is entangled in a Delaware court battle stemming from the outsized compensation enjoyed by the company&#39;s onetime president -- said the changes reflect a shift away from stock options and would introduce new
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Eurotunnel, operator of the Channel tunnel, was rescued from looming bankruptcy when key creditors approved a plan to slash debt exceeding 9.0 billion euros (11.9 billion dollars).
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NEW YORK, October 20  - The Walt Disney Company (DIS.NYS) has reached a definitive agreement to sell its North American Disney Store retail chain to Children&#39;s Place Retail Stores Inc (PLCE) for an undisclosed price.
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Euro Disney SCA posted a wider loss Tuesday for the 2004 fiscal year as the theme park and hotel operator resumed royalty payments to The Walt Disney Co. and incurred heavier operating costs.
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Alitalia bosses and union and government officials forged a deal to save the troubled Italian flag carrier after thrashing out the details of redundancy payments for 3,700 workers who will lose their jobs in a restructuring plan.
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Two of Germany's seven Airbus plants are to be sold as part of a restructuring programme designed to cut costs at the European planemaker, the newspaper Bild reported Tuesday.Comment
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France's cash-strapped Infogrames   IFOE.PA unveiled a restructuring plan on Tuesday aimed at   wiping out its 173.2 million euros ($220.4 million) net debt   burden and staying in the video games business.