Disney Increases Shanghai Park Investment to $5.5 Billion
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Walt Disney Co., the world’s largest theme-park operator, boosted investment in its Shanghai resort to about $5.44 billion to add attractions that will increase the park’s capacity when it opens next year.
The new spending on the Shanghai Disney Resort by the company and its Chinese partner will amount to 5 billion yuan, or about $800 million, the Burbank, California-based company said yesterday. The total outlay was originally projected at 29 billion yuan, according to the resort’s website.