Walt Disney Co said today it’s going to submit a joint application report with the Shanghai government to China’s central government to build a new theme park. The company was responding to a Wall Street Journal report saying the joint venture is for a $3.59 billion Shanghai Disneyland to open in 2014 with Disney taking a 43% stake while a holding company owned by the local government keeping 57%.
First Steps Towards Shanghai Disneyland
What's Hot on Deadline
'Empire' Ratings Fall To Low As Dolly Parton Movie Wins In Viewers; 'Arrow' Hits Season Highs With Mega-Crossover