Posted on July 30, 2008 at 4:30 PM
Filed under: Corporate Strategy | Joint Ventures and Alliances
Tagged: china , shanghai , walt disney co.

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If a Tuesday report from Reuters has it right, sometime after the Beijing Olympics closing ceremonies on Aug. 24, Walt Disney Co. will be able to announce a far-reaching China deal that includes a theme park in Shanghai plus unprecedented access to China's movie and TV markets.

The report is based on documents used by Shanghai government officials (Disney's partner in the deal, according to Reuters) in a presentation to local entrepreneurs in April. A Disney spokesperson is quoted as saying there's "no agreement and no deal."

But it's no secret that Disney wants to expand in China. Theme park talks go back to 1994. Last year Corporate Dealmaker ran an article about Disney's rapid expansion of its Chinese retail network as it concentrated on a sector where the regulatory hand isn't so heavy as it is in media. Soon, perhaps, Disney will be able to open other doors as well. - Kenneth Klee




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