News / RC Racer

This was never going to be a fairytale ending. Coming out of the hugely successful two-year 15th Anniversary, being hit by the worst economic crisis, some say, in memory and having no new attractions after a recent period of heavy investment.

However, with attendance up by 100,000 guests and swift cost reductions put in place, Euro Disney SCA appears to have weathered the storm. The damage is this: a net loss of €63m, 3.6% sliced off hotel occupancy and overall revenues down by 7%.

Near-constant discounting by as much as 40% off package prices clearly has taken a toll, as expected, with Hotel and Disney Village revenues being sliced by 8% — that’s a huge €40.9m. Equally, the wake-up call of the economic crisis has clearly made guests reassess their spending, down 5% to €44.22. A €2 dip per person might not seem a lot, but for every person passing through the gates, it contributes heavily towards another €27.6m negative.

The main points of the results are therefore:

• Attendance of 15.4 million with an 87% hotel occupancy rate
• Revenues decreased 7% to € 1,231 million, driven by a decline in guest spending
• Net loss of € 63 million, as lower revenues were partially offset by a 2% reduction in costs and expenses
• Generated Free Cash Flow, ending the year with € 340 million in cash and cash equivalents
• Opening of Toy Story Playland at the Walt Disney Studios® Park in 2010

Yes, you read that right — Toy Story Playland, being officially announced by Euro Disney SCA! So now we can be wholly sure this isn’t the “most committed disinformation campaign ever”. But, as attraction announcements go, it’s a whispered admittance indeed, being detailed later only under the New Generation Festival heading of “update on recent and coming events”:

New Generation Festival

In April 2010, Disneyland® Paris will launch the New Generation Festival, a celebration welcoming the most recent Disney characters into the Parks. Remy from Ratatouille, Princess Tiana from the upcoming Disney animated feature The Princess and the Frog and many more characters arrive at Disneyland Paris. These new characters will be showcased in the Once Upon a Dream Parade, Disney’s Stars ‘n’ Cars and on the Disney all stars express.

During the celebration in summer 2010, the Walt Disney Studios® Park will welcome three new family attractions in Toy Story Playland, inspired by the animated Disney-Pixar feature Toy Story. With oversized decor, guests will have the impression that they’ve been reduced to the size of Andy’s toys as they come to life in Toy Soldiers Parachute Drop, Slinky Dog Zig Zag Spin and RC Racer.

Any other Disney resort would have accompanied this release with concept art or splashy press releases filled with quotes from Imagineers about how this land will redefine the universe. Perhaps we should be glad Euro Disney SCA take such a solemn attitude to new attractions? At least CEO Philippe Gas is excited, and pleased about the group’s performance in the challenging times, as he commented:

“During the fiscal year, we were faced with the most challenging economic environment in our history, which drove certain fundamental changes in consumer behavior. These changes included booking significantly closer to their visits, searching for promotional offers and travelling closer to their homes. As a result, we adapted our offers to address our guests’ changing needs. This decision delivered record park attendance of 15.4 million and an 87% hotel occupancy rate, down from last year but high by industry standards.

We saw our guest mix change, as attendance was driven by French and Belgian markets, offsetting significant weakness from Spain and the United Kingdom. These changes also impacted guest spending and hotel occupancy, lowering our revenues. Throughout the year we also balanced our promise of a high-quality Disney entertainment experience for our guests while managing costs.

The strength of the Disney brand and the attractiveness of our Resort as Europe’s number one tourist destination position us well when the recovery of the economies of our key markets and the leisure and tourism industry occur. We continue to invest in the long-term growth of our Company and we look forward to opening Toy Story Playland, inspired by the popular Disney-Pixar Toy Story characters and films, at the Walt Disney Studios Park in summer 2010.”

The resort was certainly lucky, in fact, to have been hit by this recession just as it was coming out of its most successful years to date. Had this crisis happened any earlier, the result could have been disastrous. As it stands, it’s interesting to look at the figures from this year and those quoted in the report from 2007. It’s not a full-scale slip-up by any means. Damage has been done, but should things begin to improve over the next year it may only lead to a set-back of plans and profits by a few years.

Throwing the €25m of royalty payments to The Walt Disney Company and €15.1m of loan interest onto their debt pile, Euro Disney SCA still paid off their planned debt repayments for the year and plan to pay back a healthy €89.9m more of existing debt in the 2010 financial year.

A taste of what the situation could be if things truly don’t get better comes further into the report, where it is stated:

For fiscal year 2010, if compliance with financial performance covenants cannot be achieved, the Group will have to appropriately reduce operating costs, curtail a portion of planned capital expenditures and/or seek assistance from TWDC or other parties as permitted under the debt agreements.

So, let’s hope that’s not the case. Further reductions in operating costs could almost certainly push the resort to breaking point, losing guests due to poor quality service and experience. On that subject, it’s nice at least to see that this year’s cost reductions added up: Thanks to all those shortened attraction hours, cancelled quality entertainment and other drops in Disney quality, the group managed to cut spending by 2%.

Euro Disney also seem confident of their ability to survive any continued losses in future:

Although no assurance can be given, management believes the Group has adequate cash and liquidity for the foreseeable future based on existing cash positions, liquidity from the € 100.0 million line of credit available from TWDC, and use of the conditional deferrals.

Indeed, that free cash in the group’s pocket now amounts to a not-too-shabby €340.3 million. Whilst it’s certainly good to see the resort has that much of a “buffer” for itself, things could soon get shakey should the group start spending €100 million on a Convention Centre here, or tens of millions on an expensive new attraction there. Just look what happened with the failed opening of Walt Disney Studios Park.

Everything considered, we probably shouldn’t be too disappointed that the dull announcement of Toy Story Playland was the only thing keeping us fans happy (or not, as may be the case for some) in this release. With a date of 2015 set for those new resort developments to near completion, there’s still plenty of time and Euro Disney SCA will likely want to wait a little longer to sign those dotted lines.

Better safe than sorry.

• Read the full 2009 Annual Results here (PDF).
• Read the Walt Disney Company 2009 Annual Report here (PDF).

We actually saw the first of these images in September, featuring Sulley peeping out of a trapdoor as Buzz Lightyear, Princess Tiana and a host of other characters parachuted down in front of Sleeping Beauty Castle. This new set of images, provided for travel companies to use as their Summer 2010 brochure covers, follow the same template.

The first is a real surprise. RC in the spotlight? A minimal character really only in the first Toy Story, who can’t even talk? Well, it’s a refreshing change from the usual Mickey, and he does have that still as-yet-unannounced attraction at Walt Disney Studios Park coming up next year. (Come on Euro Disney SCA, the game is up!)

Next up, another star from Toy Story Playland — Slinky Dog. Underneath him, Buzz peers out of a trapdoor in Main Street (you know, that trapdoor on Main Street), held up by Toy Soldiers, alongside four Little Green Men.

In the background of this one, spot Emile from Ratatouille, Jessie with a suitably cow-themed parachute and, er, Nemo. In some of the images he’s been shown floating down in a kind of water bubble… not this time. You also have to wonder about the fate of racing car Lightning McQueen as he smashes to earth, but maybe we’re over-thinking the concept.

Sulley and Buzz Lightyer feature most heavily in the next option for those travel companies. This one we’ve already seen:

Oh, well look at that! Lightning McQueen made it down safely!

Here we also spot a couple of new poses — yes, the folks at Pixar were nice enough to send over several different stock images of their characters — so we see Woody holding his cowboy hat as he parachutes and Buzz folding his arms. All in a day’s work for a toy who can fly!

One nice feature of the parachutes concept, at least, is that most of them are becoming “themed” to their respective character. So we see Emile with a cheese-patterned parachute, Woody with one to match his shirt, etc. In case you still don’t “get it”, it seems like the “Big Idea!” on the giant boardroom paper pad for 2010 is to show these “new” characters “parachuting” into the parks to visualise their arrival and new-ness. Got it?

Plus, in these images, compared to the main New Generation Festival image (which will probably be the official Summer 2010 brochure cover) the characters floating down in the background have even actually been scaled and faded properly, so the image — however much still constructed like a series of stuck-on fridge magnets — does have a bit of depth.

Finishing up, we’ve got Rémy and Emile from Ratatouille.

There you go. Expect to see those on a travel company brochure near you in just a few months. Now, if you were sitting in the offices of one of those companies, which would you choose? Strangely, the RC version looks the most appealing from here.

It’s worth repeating the slight moan from the article featuring the first of these images last month: what’s the need to mess with Sleeping Beauty Castle? Does sticking little Mickey silhouettes over its ornate stained-glass windows really achieve anything? If certain people had their way, would it not be a fantastical medieval palace but a monument to Mickey Mouse, with Mickey shapes on every spire and a hideous character decoration stuck on it’s fron… oh, wait.

And here’s one extra criticism not from DLRP Today. Member MagicStar on magicforum was keen-eyed enough to notice the odd situation to the left of the Castle, where one of the famous square trees has been… squashed! Clearly, that pesky castle wall the Imagineers designed was getting in the way of the character clip-art, so it had to be shrunk down… taking the tree with it! Even more oddly, there’s a spot of branch — or something — still there on the right, sticking up into the air. Good to see important images like these are checked thoroughly.

Even better — no, surely worse — something else has now cropped up on the left of these images, which isn’t there on the original one. Take a look just to the bottom-left of Tiana’s dress in the final image. Looks like the castle hill — almost — got the chop, but a dirty trail of Photoshop remnants was left behind.

Disneyland Paris marketing, we know your secrets.

Images © Disney.

Here we go, the official logo of the New Generation Festival…!

As you can see, the design takes on a modern and very “Toy Story”-inspired design, with big, ,3D yellow letters for “New”, a slimy green “Generation” and a “Festival” built out of… building blocks, just like the word “Playland” will be at the Toy Story Playland entrance.

Naturally, the logo comes in a couple of additional variations.

First, we’ve the new resort logo for 2010:

As with Mickey’s Magical Party, the name of the event is slotted in across the top. Unlike 2009’s logo, however, there’s no balloon or extra graphics on the end.

Note also that both here and above the classic ‘Disneyland Paris’ logo is back to its good old navy blue self. No shoehorned “Resort”, no having “Paris” in a separate colour, nothing. To long-time fans, it’ll feel like an old friend has returned.

The third and final logo is the largest:

Here we see the first, main logo above — but with a scattering of the characters who’ll “star” in next year’s events. Lightning McQueen, Princess Tiana, Woody, Buzz Lightyear, Mickey Mouse, Sully, Rémy, Nemo and Stitch. The idea is to contrast between the very classic characters of the current year (Donald, Goofy, Peter Pan), making 2010 seem as fresh as possible.

Phew. Are you all New Generation-ed out? Sorry, but there’s yet more…

Finally, here’s the key visual for the New Generation Festival. As promised in the earlier reveal, balloons are out. In 2010, it’s all about — erm… parachutes!

Buzz Lightyear leads the image as Lightning McQueen, Rémy, a Toy Solider, Slinky Dog, Princess Tiana, Nemo, Sully, RC, Woody and Stitch glide towards Sleeping Beauty Castle behind.

This “key visual” is the main piece of advertising imagery we’ll be seeing throughout the entire promotion of the event. You might remember those for Mickey’s Magical Party, and this here is our brand new one. Get used to it, we’ll be seeing it a lot.

Thoughts? Opinions? Ahh, we’ll leave that to you for now!

— — —

• If you missed our original exposé on the events of the New Generation Festival, including the new Toy Story Playland and new parade characters, click here!

Images © Disney.

The project has been in planning and kept top secret for months. But now, as the deadlines for advertising visuals and creatives for the next round of brochures nears, the entire list of new events has been leaked online.

Working title: Disney’s New Generation Festival, this next theme year will put the newest animated characters firmly in the spotlight. That means, though Toy Story Playland will certainly be the key new attraction of the year, we aren’t looking ahead a whole of solely Toy Story themes. No, instead we’ll be seeing Disney’s upcoming The Princess and the Frog plus a whole lot of Pixar — they are, after all, the closest to “Disney” the past decade has offered.

Avert your eyes now — the most spoiler-filled post of 2009 awaits! Here, are the events of 2010:

• Toy Story Playland
  You know this one already: Three brand new attractions set within a highly-themed giant garden to extend Toon Studio at Walt Disney Studios Park. However, with groundwork barely begun, there’s no way this new Walt Disney Imagineering area can open before at least June next year — meaning a surrounding festival of events to begin in April 2010 is necessary…
• Princess Tiana joins Disney’s Once Upon a Dream Parade
  The newest Disney Princess hasn’t even hit the big screen in The Princess and the Frog yet and already she’s being prepared to join the Disneyland Park parade. Not on a new float, unfortunately, but just stepping up onto the final Dreams of Romance: Finale float with Prince Naveen, giving this unit an overwhelming cast of five Princes and Princesses.
• ‘Enhanced’ Monsters, Inc. meet ‘n’ greet
  A little patch of Monsters, Inc. has been in the Studios since 2006, but for some reason it’s now being included in next year’s new events. The leaked details here say it’ll be “enhanced”, but there isn’t any further information yet.
• Ratatouille joins Disney’s Stars ‘n’ Cars
  The Studios’ new evening finale will definitely continue into 2010, with the advertised novelty being a brand new car themed to Ratatouille, featuring Rémy and Emile. We can reveal it’ll be the old Star Wars car to undergo this transformation.
• Minnie’s Party Train becomes a New Generation Express
  Yes, the old Casey Jr. float will be given its fourth colour scheme and feature mostly — if not entirely — Pixar characters next year.
• It’s Party Time… with Mickey and Friends reworked
  We confirmed this just yesterday — this year’s Central Plaza show will be pretty much staying, though is to be reworked to a single-performance finale to the day, and — just a guess — given some more modern characters to join Mickey.
• NO Castle decorations whatsoever!
  That’s an event in itself, right?!

And finally… in 2007 we had the red carpet, in 2008 the wrapping paper and in 2009 the very successful balloons motif. Next year, it’s all-change again on the advertising ideas front — and the new theme? Taken straight from the most imposing attraction of Toy Story Playland, we’ll be seeing… parachutes! No, seriously.

The New Generation begins here… your thoughts?

Details broken by mclarkson, magicforum.