Dynamic Attractions Sold

[GAcoaster]

Dynamic Attractions has been sold for the rock bottom price of $2 million (Canadian). Their financial troubles are hopefully at an end and they can continue to develop new ride systems.

Disney Ride Manufacturer Dynamic Attractions To Be Sold For $2 Million

Dynamic Attractions, the engineering company which built many of Disney's most beloved rides, is set to be sold for $2 million to Hong Kong-based financial services firm Promising Expert Limited (PEL).

www.forbes.com

 

[Jerroddragon]

Dear got.....2 million is nothing for pretty much any company

 

[GAcoaster]

Dear got.....2 million is nothing for pretty much any company

They were in deep debt

 

[Jake S]

from the article (emphasis mine):

Although Dynamic had CAD$31.9 million ($23.4 million) of assets, this was dwarfed by its liabilities which is why its sale price was so low. As PEL was Dynamic's senior secured creditor it was the most logical bidder and the filings reveal that its offer includes "the forgiveness and assumption of a significant portion" of the secured debt. It isn't clear how much the other creditors will receive but there is no doubt that Dynamic will emerge in a far stronger financial position simply because the secured debt has been slashed.

hope this means a more clear path forward for those working at dynamic.

 

[ParksandSights]

"Amongst the gems in Dynamic's production facility is a demonstration track for the Harry Potter Forbidden Journey ride that was fabricated for Universal. According to the filings, Dynamic has received a request from Universal to decommission and disassemble the track and pack/crate it for shipment to Universal in return for $149,750."