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Article: China: Disney gets Beijing nod for Shanghai theme park.

Article from:
TendersInfo
Article date:
November 4, 2009
Copyright

Byline: shiv03

The Walt Disney Co has received Beijing's nod to build a theme park in Shanghai, in a major advance for the media and entertainment company in the tough China market ahead of President Obama's first China visit.

The announcement caps years of on-again-off-again talks between Disney and Shanghai, reflecting the tough road that Western media firms have faced in China in general.

"China is one of the most dynamic, exciting and important countries in the world, and this approval marks a very significant milestone for The Walt Disney Company in mainland China," Disney CEO Robert Iger said in a statement.

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