Wall Street Journal Europe is reporting that Euro Disney is just barely staving off bankruptcy with another loan from their generous fairy Saudi Prince Alwaleed bin Talal. It is a move that is "removing some of the uncertainty surrounding the company's rescue." A staggering two billion Euros in debt, Euro Disney has until the end of March to restructure their debt.
This is good news too those of us who long for the decency of the late Walt Disney and fervently hope for the departure of Michael Eisner with his hack friends. What was once a fine name associated with clean cut entertainment has become tawdry and distasteful, so much so that the Disney name on a videotape is no longer a reason to buy it. God knows whether Miramax has hired some child molester or a drug addict to produce, direct or write the script for them. It's gotten that bad and it isn't likely to get better with the divorce of Disney and Miramax. For decent entertainment nowadays you have to look to DreamWorks.
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