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Shanghai Disney

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ENTERTAINMENT
December 10, 2013 | By Daniel Miller
When it comes to theme parks, the Walt Disney Co. could have a new No. 2 - Shanghai Disney Resort. Speaking at the UBS 41st annual Global Media and Communications Conference on Tuesday, Chief Financial Officer Jay Rasulo said that Disney's forthcoming park and resort in Shanghai could become “the second largest Disney destination in the world” behind the Walt Disney World Resort in the Orlando, Fla., area. PHOTOS: Billion-dollar movie club According to the Themed Entertainment Assn., which ranks theme parks worldwide by attendance,  17.5 million people visited Disney's Magic Kingdom property in Orlando last year - good for the highest attendance of any amusement park in the world.
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ENTERTAINMENT
December 10, 2013 | By Daniel Miller
When it comes to theme parks, the Walt Disney Co. could have a new No. 2 - Shanghai Disney Resort. Speaking at the UBS 41st annual Global Media and Communications Conference on Tuesday, Chief Financial Officer Jay Rasulo said that Disney's forthcoming park and resort in Shanghai could become “the second largest Disney destination in the world” behind the Walt Disney World Resort in the Orlando, Fla., area. PHOTOS: Billion-dollar movie club According to the Themed Entertainment Assn., which ranks theme parks worldwide by attendance,  17.5 million people visited Disney's Magic Kingdom property in Orlando last year - good for the highest attendance of any amusement park in the world.
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ENTERTAINMENT
March 6, 2013 | By Daniel Miller
Walt Disney Co. unveiled the first computer rendering of its Shanghai Disney Resort at the company's annual meeting in Phoenix on Wednesday morning. Disney Chairman and CEO Robert Iger told the gathering that the theme park would open at the end of 2015. "It is authentically Disney and distinctly Chinese," he said. The image that Iger unveiled depicts the 11-acre center of the park, which includes the Enchanted Storybook Castle -- a prominent feature at other Disney theme parks around the world.
ENTERTAINMENT
March 6, 2013 | By Daniel Miller
Walt Disney Co. unveiled the first computer rendering of its Shanghai Disney Resort at the company's annual meeting in Phoenix on Wednesday morning. Disney Chairman and CEO Robert Iger told the gathering that the theme park would open at the end of 2015. "It is authentically Disney and distinctly Chinese," he said. The image that Iger unveiled depicts the 11-acre center of the park, which includes the Enchanted Storybook Castle -- a prominent feature at other Disney theme parks around the world.
NEWS
April 12, 2011 | By Brady MacDonald, Los Angeles Times Staff Writer
The blurry, fuzzy concept art of a Shanghai Disneyland , filled with fireworks, spotlights and a great big castle, paints a picture short on details and vague on specifics about the planned project in China. So why all the secrecy on Disney's part? Three reasons: * To prevent knockoff rides by rival Asian theme parks, which happened before Hong Kong Disneyland's 2005 opening. * To preserve creative flexibility for Disney's Imagineers during the ongoing "Blue Sky" development phase, when rides, shows and even entire lands appear or disappear.
ENTERTAINMENT
June 8, 2013 | By Daniel Miller
Walt Disney Co. Chairman and Chief Executive Robert Iger revealed details about the company's forthcoming Shanghai Disney Resort while appearing at the Fortune Global Forum in Chengdu, China.  Speaking on Thursday at the annual conference, Iger said the planned Shanghai development "can't be the Disneyland that Walt built in 1955 for all kinds of reasons.... It has to look, feel, resemble China's Disneyland. And that has taken a lot of thought, a lot of work. " Shanghai Disney Resort, which is under construction, is slated to include two hotels, 495,000 square feet of retail space, a dining and entertainment venue, a lake and other facilities and amenities.
BUSINESS
February 25, 2005 | Richard Verrier, Times Staff Writer
Looking to expand its global entertainment empire, Walt Disney Co. is sizing up South Korea for a possible theme park. During the last several months, company executives have been in talks with government officials over a site south of Seoul, sources familiar with the matter said. The proposal being discussed would involve something more modest than the 310-acre Disneyland opening later this year in Hong Kong.
BUSINESS
April 3, 1999 | Reuters
China said foreigners could not wholly own entertainment businesses, a move that could cool overseas investors' interest in theme parks and movie theaters. The new regulations, which take effect July 1, expressly forbid wholly owned foreign projects, according to a copy of the laws published by New China News Agency. Other items among the 47 clauses of the public entertainment law ban drugs, prostitution, anti-national activities and violence at places of public entertainment.
BUSINESS
November 23, 2004 | From Bloomberg News
Walt Disney Co. said Monday that it planned to open a Hong Kong theme park Sept. 12, 2005 -- a date chosen by a feng shui master. The park would be the second one in Asia for the Burbank-based media giant and the third outside the U.S. The company already operates a park in Tokyo and one outside Paris. Disney has a 43% stake in the $3.5-billion Hong Kong park, a project on which the government planned to spend HK$21.5 billion ($2.8 billion), based on earlier projections.
WORLD
April 8, 2011 | By David Pierson, Los Angeles Times
Walt Disney Co. Chief Executive Robert A. Iger was joined by Shanghai's Communist Party chief and the city's mayor Friday to officially commence construction of a long-awaited theme park that will give the Burbank company a critical beachhead in mainland China. In a carefully staged groundbreaking ceremony interspersed with singing and dancing, Iger said the new park would feature a blend of East and West and underscored the importance of the $3.7-billion project for Disney. "This is a defining moment in our company's history," Iger told the audience from an indoor stage set up across from the site of the planned resort, which he said would be "both authentically Disney and distinctly Chinese.
ENTERTAINMENT
March 6, 2013 | By Daniel Miller
Shareholders have voted down two proposals brought forward at the Walt Disney Co. annual meeting that sought to change how the largest entertainment company in the world is governed. One proposal called for the future split of the chief executive and chairman positions, which are both currently held by Robert Iger. At the meeting, held in Phoenix on Wednesday morning, the Burbank-based company said that only 35.3% of shareholders who cast non-binding votes in advance of the meeting approved the split.
ENTERTAINMENT
September 24, 2013 | By Daniel Miller
Walt Disney Co. Chairman and Chief Executive Robert Iger said he likes what he sees from Netflix, but added that he thinks it will be hard for the streaming video service to "corner the market. "  "No question Netflix has a running start," said Iger, speaking at Goldman Sachs' Communacopia Conference in New York on Tuesday. "I don't think the game is over though. The technology has created the most dynamic media space that we've ever seen. " Burbank-based Disney, the world's largest entertainment company, and Los Gatos, Calif.-based Netflix inked  a licensing deal late last year.
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