Shanghai Disneyland set to open next year
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E-mail Shanghai Daily, February 4, 2015
The opening of Shanghai Disneyland, which was set to debut this year, has been put back until the first half of next year, foreign media reported yesterday.
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The opening of Shanghai Disneyland, which was set to debut this year, has been put back until the first half of next year. [File photo] |
Walt Disney Co claimed the delay was due to an expansion of its plans for the theme park, Reuters quoted a person familiar with the matter as saying.
The results of consumer studies and weather concerns had also played a part in the decision, the person said.
Chief Executive Officer Robert Iger said earlier that the company was planing to open the park in late 2015, according to Bloomberg News.
Iger, who is also Disney chairman, was scheduled to update investors on the progress of the 34 billion yuan (US$5.4 billion) park during an earnings conference call scheduled for late yesterday or early this morning, a source said on condition of anonymity as the information had not yet been made public.
Iger said in an October 10 interview on Bloomberg Television that the Shanghai park hoped to avoid the debt troubles that have plagued the company’s resort in Paris, and should benefit from a larger local population base and stronger economy.
The Wall Street Journal reported that while the delay was potentially risky for Disney, a flawed, premature opening would be worse.
To maximize the park’s impact, Disney is more likely to open it in the spring than during the winter, or close to China’s Lunar New Year holiday in early February, the report said.
Though Disney had never announced a specific opening date for its sixth park, Iger said last April that it would be in 2015.
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