December 7, 2002 |
Universal Parks & Resorts has cleared a great bureaucratic wall in China. The unit of Vivendi Universal unveiled a preliminary deal today to build a theme park in Shanghai after lengthy negotiations gave it the early foothold over rival Walt Disney Co. in China's largest city. The Universal unit and Shanghai officials reached an agreement in principle to build the park along the Huangpu River and open it in 2006, although company sources cautioned that more government approvals would be needed.
June 13, 1999 |
Middle Kingdom or Magic Kingdom? The news that Walt Disney Co. might turn a secluded bay on a Hong Kong island into its newest theme park has triggered some soul-searching over whether Mickey Mouse and friends are the right torchbearers for a former British territory still struggling to redefine itself two years after its return to mainland China's control.