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Disney planning early 2016 Shanghai opening



Walt Disney Co. CEO confirmed that the new Shanghai theme park is planning to open during the first six months of 2016.

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Due to the privacy of this information, the person has asked to remain unidentified, but mentioned that investors in the $5.4bn project will be updated about progress during a conference call on Tuesday.


According to Iger, the park in Shanghai will avoid the problems with debt which have hampered the Disney resort in Paris. It will gain from a bigger local population and a stronger economic situation.


Disney is expecting the travel market in China to have increased by 34% from 2012, by the time it opens this project. Iger stated that around 330 million potential visitors are located within a three-hour travel radius of the resort.


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This is Disney’s first park on mainland China and is a joint venture between the California-based company and Shanghai Shendi Group, which owns 57%.


Confirmation of this information was not possible from either Disney or Shendi.


The project scope was increased during April last year upon announcement of additional attractions to the value of $800m. The increase was due to an improvement in the tourism market in China.


Iger stated that Disneyland, Shanghai is their best growth initiative globally in a very long time.

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