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Tim Culpan

Disney in China Isn't Mickey Mouse

Its Shanghai resort shows U.S. entertainment companies can profit in a restricted film market.

What once looked like a bold Frontierland is now starting to become a promising Fantasyland for Walt Disney Co.

Its Shanghai Disney Resort hit 11 million visitors in its first year, company chairman and CEO Bob Iger told Bloomberg's Rachel Chang and Tom Mackenzie last week. That should be a relief to Iger and his shareholders since success for the park, which opened in June last year, was never guaranteed despite all the hype.