Disneyland Shanghai to open 2016

Relaxnews
Friday 08 April 2011 00:00
Comments

On April 8, a ceremony will break ground on a Disneyland theme park in Shanghai, China, after 10 years of negotiations between Disney and the government.

The $3.7 billion first phase of construction will cover 1.5 square miles for the park, a lake, and include two hotels, with another 1.1 square miles to be developed, reported China's Xinhau news agency on April 4, according to The Hollywood Reporter.

Disneyland Shanghai is set to open in 2016 in the Pudong district, where the World Expo was located in 2010 with an anticipated attendance of 7.3 million.

The three-phase project is a co-venture with the Chinese government. It is the sixth Disneyland theme park around the world, in addition to Tokyo and Hong Kong as well as the Orlando, Florida and Anaheim, California locales in the US, plus France.

In addition, Disney is involved in Mandarin language co-productions on films such as Trail of the Panda. China's box office was up 64 percent in 2010, an indication of the growing economy. Also there are discussions about building a cable television company.

"The park has ambitions to be both authentically Chinese and authentically Disney," explained Greg Brown, an analyst with the equity research firm Wunderlich Securities.

The park ownership will be 57 percent owned by Shanghai Shendi Group and 43 percent by Disney, per Chinese media reports, a similar arrangement to Hong Kong Disneyland.

RC

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in