Defunctland: The Failure of Euro Disneyland - Summary

Summary

The text is a transcript of a video about the history of Space Mountain in Euro Disneyland. It covers the following topics:

- The introduction of the video with a clip of the opening ceremony of Euro Disneyland in 1992.
- The background of the nuclear fusion experiment in South Korea that achieved temperatures hotter than the sun.
- The origin and development of Space Mountain in Walt Disney World, Disneyland, and Tokyo Disneyland, and how it was inspired by the works of Jules Verne and H.G. Wells.
- The challenges and controversies that Euro Disneyland faced before and after its opening, such as cultural clashes, financial losses, low attendance, and negative publicity.
- The decision to build a new Space Mountain in Discoveryland as a way to revive interest in the park and save it from bankruptcy.

Facts

1. The first Space Mountain opened on January 15, 1975, at the Magic Kingdom in Walt Disney World.
2. Walt Disney and Imagineer John Hench discussed a new Tomorrowland attraction called Spaceport in the early 1960s.
3. The concept for an indoor space-themed roller coaster dated back to the early 1960s.
4. The first Space Mountain opened at the Magic Kingdom on January 15, 1975, along with the Carousel of Progress.
5. Disneyland received a Space Mountain of its own in 1977.
6. Tokyo Disneyland opened its gates in 1983 and featured a Space Mountain on its opening day.
7. The Walt Disney Company signed a multi-million dollar deal with the Premier of France to open Euro Disney in France.
8. The agreement came after two years of negotiations, during which Disney agreed to give the new park a French flavor.
9. Euro Disney was set to open in five years and occupy 4,400 acres of what was then farmland 20 miles east of Paris.
10. The park was designed to have a French culture and theme, with attractions and exhibits inspired by French history and literature.
11. The park's name, Euro Disney, did not play well in Europe, as the term "Euro" was associated with business, currency, and commerce.
12. The French government had a 51% stake in the Euro Disney resort, while the Walt Disney Company owned 49%.
13. The park's opening day, April 12, 1992, was met with low attendance, with only around 25,000 visitors showing up.
14. The park's poor performance and financial issues led to the loss of around 3,000 of its 12,000 employees due to alleged poor working conditions in 1994.
15. In 1994, Michael Eisner referenced the possibility that Euro Disney might close down completely.
16. The company began admitting the poor performance and financial issues that the park was facing.
17. Imagineers had planned to include a Space Mountain attraction in Discoveryland on opening day but decided to save it for a few years after opening.
18. The opening of a new Space Mountain was seen as a last resort to save the resort from financial troubles.