Future of £3.5bn ‘British Disneyland’ ripped to shreds as furious row erupts over a DECADE after it was unveiled
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THE future of the £3.5bn "British Disneyland" could be ripped to shreds as a furious row erupts over a decade after it was unveiled. First announced in 2012, the London Resort is set to be built on Swanscombe Peninsula in Kent. But since then the build has been plagued with disastrous setbacks.
![[Since the plans were first revealed in 2012, the build has been plagued with disastrous setbacks]](https://www.thesun.co.uk/wp-content/uploads/2024/12/MEGA724635_Impression_of_how_001_Sneak-peek-at-GBP35-billion-British-theme-parkjpg-JS629110142.jpg?strip=all&w=960)
Now, the company behind the theme park dubbed the "Dartford Disneyland" is being taken to court by Hollywood studio, Paramount. London Resort Company Holdings (LRCH) has been hauled into a High Court legal dispute with the American streaming giants due to breaches of agreement of pay.
![[Now LRCH is in a High Court legal dispute with Paramount, who pulled out in 2017]](https://www.thesun.co.uk/wp-content/uploads/2024/12/SWNS_PARAMOUNT_02jpg-JS960380348.jpg?strip=all&w=960)
Paramount, also a former collaborator, was one of the creditors that originally lent its name to the park's attractions. However, an insolvency judge has found at least three "serious and irremediable" breaches of LRCH's agreement to pay creditors such as Paramount.
![[The site is set to cover 372 acres of land]](https://www.thesun.co.uk/wp-content/uploads/2024/12/SWNS_PARAMOUNT_07jpg-JS960380360.jpg?strip=all&w=960)
Paramount is known for producing iconic films such as Titanic, the Indiana Jones films and The Godfather. The Hollywood producers had also lent its name and intellectual property (IP) rights to the proposed park. This would have allowed LRCH to name its attractions after movies such as Star Trek and the Mission: Impossible films.
![[Previously, wildlife charities called on the government to revoke its planning status after it was named one of the most important breeding bird sites in southeast England]](https://www.thesun.co.uk/wp-content/uploads/2024/12/5ddab8e7-db4e-408a-9f42-6aba74910596.jpg?strip=all&w=960)
LRCH proposed a Company Voluntary Arrangement (CVA) involving a debt-equity swap to cancel unsecured creditors' debts in exchange for company shares. Despite opposition from Paramount and other creditors, it was approved in April 2023. However, Paramount told the High Court in October 2024 that LRCH had not adhered to their CVA obligations.
![[The initial plans for London Resort said it would be three times larger than any other UK theme park]](https://www.thesun.co.uk/wp-content/uploads/2024/12/SWNS_PARAMOUNT_03jpg-JS960380349.jpg?strip=all&w=865)
