Disney Officially Opens Doors To Its First Shanghai Theme Park

Walt Disney Co has opened the gates to its first theme park in China, prompting a rush from thousands of gathered Mickey Mouse enthusiasts to be the first to storm Treasure Cove, ride the Roaring Rapids or visit Disney’s tallest castle.

Disney’s largest overseas investment at $5.5 billion (R83.6-billion), the park is a bet on China’s middle class and booming domestic tourism.

The US firm hopes it will offset an otherwise lacklustre international theme park business, better known for cash-burning sites such as Euro Disney.

“China obviously represents incredible potential for the Walt Disney Company,” chief executive Bob Iger told reporters at the park.

Flanked by officials from local government partners on Thursday, Iger cut a ribbon to officially open the resort – nearly two decades after he first scoped out the site in 1999.

Not everything has gone quite to plan though.

The opening gala – meant to be a bonanza of fireworks, live music and dance – was rained off on Wednesday night, while at Disney’s park in Orlando, Florida, a young boy was grabbed by an alligator and killed.

Disney, however, sees China as its greatest business opportunity since Walt Disney bought land in central Florida in the 1960s for what is now Walt Disney World – the world’s most-visited theme park.

The firm estimates 330 million people within a three-hour radius of Shanghai, the country’s financial centre, will be able to afford to come to the park.

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Main Street has been replaced by Mickey Avenue to reduce the feel of Americana while attractions include a Chinese-style Wandering Moon tea house, a Chinese Zodiac-themed garden and a Tarzan musical featuring Chinese acrobats.

Already expanding

The iconic US firm is already expanding the Shanghai site to keep the home crowd keen, in a country where competition from a plethora of local theme parks and domestic cartoon characters promises to be fierce.

The park’s seven square kilometre plot of land means there is plenty of space to expand, Iger told reporters.

“There is actually construction going on this week. When we open we will continue the construction to expand what’s on the opening day menu,” he said.

“We have plenty of space to do that and we believe we’ve got willing partners…We think we will probably do that sooner rather than later.”

Shanghai Disney could also help lure more consumers to its films. “Zootopia”, “Captain America: Civil War”, “The Jungle Book” and “Star Wars: the Force Awakens” are among the 10 most-watched movies in China of 2016, reaping more than $690 million (R10.5-billion) in ticket sales, according to Box Office Mojo. Characters from those films will feature at the Shanghai resort.


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