BUSINESS
July 1, 2009 | David Pierson
Walt Disney Co. and the Hong Kong government said Tuesday that they had agreed to a major expansion of the Hong Kong Disneyland theme park, a move that would boost an attraction that has struggled to meet expectations since it was opened in 2005. Disney will pay about $450 million for the construction and convert its outstanding loans totaling about $340 million into equity in a joint venture company, Hong Kong International Theme Parks, officials said. The deal would expand the park by increasing the number of theme areas from four to seven over the next five years, tackling criticism that the world's smallest Disneyland did not offer enough attractions.
ENTERTAINMENT
January 22, 2008 | From the Associated Press
Hong Kong Disneyland unveiled new Chinese New Year outfits for Mickey and Minnie Mouse created by designer Vivienne Tam on Monday as part of the park's efforts to boost its appeal to Chinese tourists after a dismal second year. Disney's two iconic characters strutted their stuff down a red carpet -- Mickey in a bright red Mao suit and Minnie in a cherry blossom red dress with a bouquet-like bottom. Tam, a Hong Kong native, said the outfits would be available at her stores in March or April.
BUSINESS
December 6, 2007 | From the Associated Press
Hong Kong Disneyland's first two years of operation were unsatisfactory, and the government -- which holds a majority stake in the $3.5-billion theme park -- will push for improvements, an official said Wednesday. The theme park, which opened Sept. 12, 2005, missed its attendance target for the second year in a row, Secretary for Commerce and Economic Development Frederick Ma said without disclosing any exact figures.
BUSINESS
June 30, 2007 | David Pierson, Times Staff Writer
Mickey Mouse may have met his match -- the giant panda. It was supposed to be a one-sided battle. Instead, in the nearly two years since Disneyland came to town, people in Hong Kong have rediscovered a theme park that's been sitting in their backyard for three decades, weathering all the ups and downs the territory has faced, from British colonial rule to its return to China to the deadly illness known as SARS.
BUSINESS
May 22, 2006 | From the Associated Press
Actors who dress up as Mickey Mouse, Donald Duck and other characters to greet visitors at Hong Kong Disneyland are getting pay raises and longer breaks, the park said Sunday, following complaints of work-related injuries, low pay and quick turnarounds between shifts. Hong Kong Disneyland said in a statement that it would increase the monthly base pay of the character performers by 11% from $1,160 to $1,300 starting June 1.
BUSINESS
May 12, 2006 | From the Associated Press
Attendance at Hong Kong Disneyland has fallen below expectations, but the park's finances are solid, Walt Disney Co. said Thursday. The park, Disney's latest, has been hit by a slew of bad publicity and reports of poor attendance since its opening in September. Park officials recently offered free entry to more than 40,000 taxi drivers to promote the theme park. In a statement, Hong Kong Disneyland said the park was in good financial shape.