US entertainment giant Disney set to pour an additional US$800 mil. into its Disney Shanghai
April 30, 2014, 12:01 am TWN
WASHINGTON--American entertainment giant Disney is set to pour an additional US$800 million into its Disney Shanghai, its first theme park on the Chinese mainland, officials said Monday.
CEO Bob Iger said the deal, with Shanghai Shendi Group, will total an investment of US$5.5 billion, and the additional funds will be to boost the park's capacity and attractions.