REPORT: DISNEY TO ANNOUNCE SHANGHAI DISNEYLAND AFTER OLYMPICS
Wednesday, July 16 2008
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Despite repeated denials from both sides of the negotiations, Disney and the Chinese government are expected to announce following the summer Olympics that Disney will build the world's largest theme park near Shanghai, which could open as early as 2012, Disney watcher Jim Hill said on his website Tuesday. According to Hill, who cited no sources, the Chinese government has agreed to spend upwards of $40 billion on infrastructure -- roads, sewer lines, water and electrical lines, etc. -- and the land, while Disney would develop the theme park and control 51 percent of the joint venture. Hill also claimed that the park will mark a departure from the themes of other "Magic Kingdoms" in that it will be the first designed with the contribution of Pixar artists. "According to Imagineers that I've spoken with," Hill wrote, "Shanghai Disneyland will be the most Pixar-centric theme park on the planet."
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