Disney Confirms Consultation with Shanghai Government in Shanghai Construction Park

The US-listed Disney announced on the evening of the 6th as of the end of December last year, the first quarter results, the quarterly net profit of 734 million US dollars, an increase of 7% year-on-year. During the quarter, Hong Kong Disneyland was fully operational, and the Group’s revenue from its Paradise and Resort business increased significantly. However, as the performance of Hong Kong Disneyland was incorporated into the Paradise Project, the Group did not independently account for the performance of the Hong Kong business.

According to the report, Disney Chief Executive Officer Iger confirmed for the first time on the 6th that he is negotiating with the Shanghai government to build a theme park in the area. He said that following Hong Kong Disneyland, the group is negotiating with the mainland government to build a theme park in Shanghai: “We have been discussing with the Chinese government on the theme parks. We have no plans to report new developments in Shanghai.” Spokesperson for Hong Kong Disneyland It is reiterated that the second Disneyland in China will not be opened within four years.

Director-General of the Tourism Council, Dong Yaozhong, also stated that the construction of Disneyland in Shanghai has little impact on Hong Kong: “Hong Kong needs more and more different tourist facilities to attract more tourists. I have always believed that apart from Disney, Hong Kong is not just Disney."

A response from the HKSAR government spokesperson for Shanghai’s possible construction of a Disney theme park reaffirmed that Disney could build a theme park outside of Hong Kong. Hong Kong has other theme parks in addition to Disney.

Iger also said on the same day that Hong Kong Disneyland had a high number of visitors during the Christmas and Lunar New Year holidays. Tourists were very satisfied and ticketing performance was satisfactory. However, he did not mention the turmoil outside Hong Kong Disneyland last week. He only said: “Hong Kong Disney’s number of visitors is extremely high. During the December holiday period and last week’s Lunar New Year holiday, the performance was also very strong. Tickets for four consecutive days were sold out".