OPO Delayed by AMF

Logo_Euro_Disney_SCA

With the news that the Disneyland Paris OPO has been delayed by the AMF, let’s have a look where things stand with the Euro Disney recapitalization.  As of 27 February 2015, the shareholding of Euro Disney S.C.A. as reported to the AMF was:

THE WALT DISNEY COMPANY: 72.34%  (566,675,040 shares)
INVESCO:                  2.7%   ( 21,105,711 shares)*
MORGAN STANLEY:           5.52%  ( 43,226,389 shares)
KINGDOM HOLDING COMPANY:  4.98%  ( 38,976,490 shares)
Prince ALWALEED

 *It was wrongly reported earlier this month that INVESCO had sold all their shares but this appears not to be the case.  On the 27 February they held 2.7% of Euro Disney.  This news appears to have been reported due to the confusing way the AMF have been publishing their reports.

The Bank MORGAN STANLEY informed the AMF on 27 February 2015 that they now hold 5.52% of Capital in Euro Disney.  Other operations by Morgan Stanley have also been the subject of statements made public by the AMF on the 4 and 5 March when the term Equity Swaps appears in the notifications.

Here are some explanations on these rather complex operations by the Morgan Stanley bank.   Morgan Stanley bought shares on behalf of clients who wish to remain anonymous, and these shares were purchased as part of  a “Share Exchange Agreement”.

So prior to these actions the shares were “loaned” to Morgan Stanley who  is committed by contract to pay for them later, on different dates (between 8 May 2015 and 2 January 2017).

These shares have made available to their clients who have just taken an option on these securities and have until a certain date to complete the transaction and pay for them.

This is of course not free, there are costs and some benefits from doing this.  The clients of Morgan Stanley, who wish to remain anonymous have taken an option on the purchase of the shares. They can then speculate on the rise in the stock  to ensure an attractive purchase price. That then leaves them some time  to observe the behavior of the shares on the  Markets in the coming months and then decide whether to or not to  buy the shares.

A total of 41,300,499 Equity Swap Shares were purchased at a price of €1.00.  The other shares Morgan Stanley purchased  were bought at € 1.24 and € 1.25.

If we were to put one and one together, we could easily bet on the identity of the anonymous Morgan Stanley client.

We should know more about the OPA at the end of March

Source: AMF and APPAED

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“Let it go” this summer with Frozen at Disneyland Paris

frozen-summer-2015-teaser

Further details were released this week about the new Frozen summer festival which will be held in the Disneyland Park between 1 June and 13 September 2015.  Guests will be able to celebrate a superbly snowy summer this year with Frozen at Disneyland Paris

It’s official: Disneyland Paris will celebrate the 5th highest-grossing film ever this summer. Frozen, which has racked up more than 5 million ticket sales in France, will take centre stage from 1 June to 13 September 2015. The famous sisters, Anna and Elsa, will appear on stage with Olaf, their adorable snowman, in a spectacular event that will give guests chills!

Frozen-Ana-Elsa_sing_along

New show: “Frozen Sing-along”

After catching a sneak peak of them in the famous Disneyland Park Parade and meeting them to pose for pictures last Christmas, Disneyland Paris guests will be able to sing along with the stars of Frozen this summer! Enjoy this unique live experience with the heroes of the greatest Disney hit of all time.

Starting June 1st, the world of Frozen will appear in Frontierland in Disneyland Park, with a brand new show. An ice-themed musical production combining singing and dancing with guest participation. The famous sisters, Anna and Elsa, along with their faithful companions, Kristoff and Olaf the funny snowman, will take to the stage to bring the show to life and expand the unique experience of Frozen live. They’ll be surrounded by dancers straight out of the Kingdom of Arendelle

As the show begins, the villagers are preparing to celebrate the Arendelle winter festival. The intrepid Princess Anna appears and welcomes guests to the snowy universe of the Kingdom of Arendelle. She invites them to help her create a surprise for her sister, Elsa, asking them to join together as a choir. The show is a wonderful occasion to experience, relive and participate in the most beautiful musical moments of the greatest Disney success story of all time.

Olaf, renowned as the only snowman in the world capable of dreaming of heat and sunshine, will also join the party live on stage. To celebrate his longed-for summer, guests are encouraged to sing along, while he dreams innocently of sun tans and beaches!

Among the highlights is an emotionally charged performance of the unforgettable song “Let it go” by Elsa. [The French version of “Let it go” (“Libérée, Délivrée”, sung by Anaïs Delva) has over 45 million hits on YouTube.

Playlist

Do you wanna build a snowman?
In Summer
Love is an open door
Let it go

The show will take place several times a day, with live performances in French and English, with French and English subtitles on screen. at the Chaparral Theater, Frontierland, Disneyland Park.

During June and September the show will be performed  7 days a week (6 shows a day from Monday until Friday – 12 shows a day at weekends).  In July and August there will be 12 shows a day.

A Market Place decked in the colours of Frozen

At Cottonwood Creek Ranch, guests are invited to visit the Market Place, inspired by the universe of the kingdom of Arendelle, and enjoy all the delights that recall one of the greatest Disney hits of all time.

Frozen-Ana-Elsa-RoyalWelcome

Two other magical appearances showcasing Frozen at Disneyland Park

The two heroines of Frozen will appear at Disneyland Park every day, for two special events. On their frosty float, Princess Anna and Queen Elsa will star in “Disney Magic on Parade!” with Olaf. They will also cross the Park three times a day for a special carriage ride, “Frozen: A Royal Welcome“, waving to the crowd from their royal carriage.

Frozen_disney-dreams-olaf_16-9

A special Frozen feature in Disney Dreams®!

Frozen is now part of the traditional version of Disney Dreams!. The breath-taking night-time show with fountains and pyrotechnics, where famous Characters from the world of Disney come to life through projections onto Sleeping Beauty Castle.

Disney Dreams! tells a magical and moving story. Guided by Peter Pan, guests discover, or re-discover, the greatest Disney stories, from Beauty and the Beast to Aladdin, not forgetting Rapunzel and many others.

Frozen is now part of this amazing night-time show, taking its place among Disney classics such as The Lion King and Peter Pan, as well as the unforgettable Parisian hits Ratatouille and The Hunchback of Notre Dame. This feature is vibrant and full of emotion, thanks to a specially re-orchestrated version of Let it go and the special effects expertise of Disneyland Paris.

Hotel New York architect Michael Graves dies aged 80.



Hotel New York, Disneyland Paris


We are sad to report that Michael Graves, the groundbreaking designer and architect who designed several iconic buildings for The Walt Disney Company including Hotel New York at Disneyland Paris passed away on March 12.  He was 80.



Hotel New York, Disneyland Paris


Graves was born in Indianapolis in 1934 and received his architectural training at the University of Cincinnati and Harvard University. He started his own practice in 1964 and taught at Princeton’s School of Architecture for more than 40 years. 

He was a world-famous architect known for redefining modernism during the 1970s and for designing buildings that made bold references to classical architecture.



Team Disney Building in Burbank, California


For Disney, Graves designed the Company’s Team Disney Building in Burbank, California – its corporate headquarters, the Dolphin and Swan Hotels at Walt Disney World Resort, and the Hotel New York at Disneyland Paris.

Swan Hotel at Walt Disney World Resort



Graves received many honors in his lifetime, including National Medal of Arts, which was given to him by President Clinton in 1999.

Industrial Action Planned at Disneyland Paris

The Disneyland Paris French fan forum ED92  are reporting that after several days of wage negotiations between Unions and Disneyland Paris, a general strike will be launched tomorrow.

They are reporting the strike will start at 07:30 tomorrow morning in the Back Stage areas of the resort.

It is unknown at this time what implications this strike may have for Guests of the resort .

March 2015 Pin Releases.

march2015pins

This month sees a varied collection of Trading Pins being released.  On the 14 March a special St. Patrick pin will be released.

This months Pin Trading Night will be held at the Hotel Cheyenne in the Yellow Rose Dance Hall on 27 March from 6 PM.