Los Angeles Times

From bailouts to boycotts, Saudi Prince Alwaleed has been a longtime friend of Disney

LOS ANGELES - Two years after opening, Walt Disney Co.'s Euro Disney theme park was bleeding money. In need of a bailout for the flagging Paris property, the company turned to an unlikely source: Prince Alwaleed bin Talal, a then up-and-coming investor and the grandson of the founding monarch of Saudi Arabia.

It was 1994, and the theme park now known as Disneyland Paris was on the verge of bankruptcy, stung by a European recession

You’re reading a preview, subscribe to read more.

More from Los Angeles Times

Los Angeles Times2 min read
Lakers Fade Again In Game 3 Loss To Denver, Moving To Brink Of Elimination
LOS ANGELES — The climb is mountainous, trouble lurking at every step. One bad dribble, and Denver runs the other direction, creating an open three. One missed assignment, and Aaron Gordon cuts baseline for a dunk. One whiffed box out and the Nuggets
Los Angeles Times3 min readCrime & Violence
Editorial: In Eco-minded California, There’s Still No Constitutional Right To Clean Air And Water
California may be a leader in the fight against climate change, but the state is years, even decades, behind other states when it comes to granting environmental rights to its citizens. While a handful of other state constitutions, including those of
Los Angeles Times4 min readAmerican Government
Supreme Court’s Conservatives Lean In Favor Of Limited Immunity For Trump As An Ex-president
WASHINGTON — The Supreme Court’s conservative justices said Thursday they agree a former president should be shielded from prosecution for his truly official acts while in office, but not for private schemes that would give him personal gain. They al

Related Books & Audiobooks