Disney approved to land in Shanghai

Disney has won long-awaited approval from China's central government to build a theme park in Shanghai.

The company says, though, that it will still take a few months to finalize details of the deal with partners. That includes the breakdown of ownership of the park. The agreement for a Shanghai Disneyland is a landmark deal that carries enormous cultural and financial implications.

Analysts estimate the initial park, not including hotels and resort infrastructure, will cost three and a half billion US dollars. That will make it one of the largest-ever foreign investments in China.

* Background

Brief history of Disneyland

Disney currently runs five theme parks around the world. They are located in California and Florida in the US, in Tokyo, Paris and in the Hong Kong SAR. All have generated huge profits but the parks have also faced tough times. Full story >>

Review: Shanghai Disneyland negotiation

Shanghai first entertained the idea of building a Disneyland theme park in the 1980's, after the cartoon TV series Mickey Mouse and Donald Duck,debuted on CCTV. But the Disney company did not show serious interest until the 90's, when it was looking to open a second venue in Asia. Full story >>

* What opportunities it will bring in?

CCTV interview: Future Disney park ignites Shanghai property sector

The future Disney park has ignited the Shanghai property sector. CCTV reporter in the city, Chen Tingjie, has toured the construction site. He will share with us what he learned from the local people. Full story >>

4 sectors to benefit from Disneyland investment

The opening of Disneyland in Shanghai, will bring many associated investment opportunities. At least four economic sectors will benefit directly. Full story >>

Land price soars around Shanghai Disneyland site

The announcement of the Shanghai Disneyland project has boosted the price of a piece of land close to the resort site. It was sold for 119 million yuan, equivalent to over 14 thousand yuan per square meter. Full story >>

* What challenges it will bring in?

Hong Kong Disneyland to meet challenge

The Hong Kong tourism sector says Shanghai's Disneyland announcement will not impact its attraction for mainland and overseas visitors. Representatives add that the SAR venue has various advantages. Full story >>

Disneyland stretches around the globe

Disney currently owns five theme parks around the globe. There are two locations in the US and one each in Tokyo, Paris, and Hong Kong. While bringing endless joy to the world, Disneyland also generates dramatic financial profits from these five sites. Full story >>

Shanghai Disneyland project spurs real estate price surge

In the wake of the central government's official approval of the Shanghai Disneyland Project, property prices around the proposed park location experienced a drastic increase in price.Full story >>