SHANGHAI: The Mouse House empire has reportedly signed a contract to build an outpost in mainland China. Newspapers in the region claim that a deal for a Walt Disney theme park will be announced following the Beijing Olympics in August.
Shanghai Disneyland would cover around 10 square kilometres of land, some twenty minutes' drive from the region's international airport at Pudong.
The terms of the deal, however, would differ from those of the Hong Kong Park, where the land is leased to Disney.
The new venture, to open at the earliest in 2012, would be majority-owned by the Shanghai government, which would also provide the land and bankroll the construction. Disney would collect royalties and a percentage of operational income.
Data sourced from ShanghaiDaily.com; additional content by WARC staff