http://www.magicalkingdoms.com/forums en Sat, 21 Nov 2009 06:25:13 GMT vBulletin 60 http://www.magicalkingdoms.com/forums/images/misc/rss.jpg http://www.magicalkingdoms.com/forums http://www.magicalkingdoms.com/forums/showthread.php?t=1326&goto=newpost Wed, 04 Nov 2009 10:46:55 GMT SHANGHAI/LOS ANGELES (Reuters) – The Walt Disney Co's breakthrough deal to build one of its signature theme parks in Shanghai marks a major advance for Western media and entertainment firms trying to crack a tough China market.

Wednesday's government approval for the theme park caps years of on-off talks between Disney and Chinese authorities, who are wary of too much foreign influence in the highly sensitive sectors of media and popular culture.

The new park planned for the Pudong new district of China's financial capital will take years to contribute to a company that rakes in more than $30 billion in annual revenue.

But analysts see the move as an important step forward for Disney and other Western media firms to make inroads into the vast and untapped Chinese media and entertainment market.

"They've been laying the groundwork for a park for many years by exposing the population to Disney properties, film, TV and merchandising," said Christopher Marangi, senior analyst with Gabelli and Co in New York.

"Adding a physical presence in the form of a park would really complete and add to the value chain in China."

The breakthrough comes just two weeks ahead of a scheduled trip to China by U.S. President Barack Obama, a visit analysts had expected to help spur a decision on the park.
The deal has been seen by some as a feel-good bilateral story, highlighting U.S. cultural influence and an investment that does not entail U.S. manufacturing job losses, while China gets a boost to its leisure sector and to domestic demand as it tries to trim its dependence on exports.

For Shanghai, China's financial hub, Disneyland could keep tourists coming after the curtain falls on the 2010 World Expo.

And Disney will hope the park, with an estimated price tag of $3.6 billion, will fare better than its Hong Kong property, which has struggled with lower-than-expected attendance and financial losses since it opened in 2005.

SMALL STEP FORWARD

Disney, Time Warner and News Corp have surprisingly little to show for their years of effort and extensive investments in China.

"I wouldn't say this is a one-off gain," said Vivek Couto, executive director of Media Partners Asia, on the deal's broader significance for foreign media's drive for a foothold in China.

"But it's in a non-sensitive space. It's a theme park. It's got nothing to do with television content that can be politically sensitive or competitive with other major Chinese companies in the space."

Even privately held domestic media can find the going tough, as leading Internet portal Sina found recently when it scrapped a merger with Focus Media due to government stonewalling over a deal that would have created a major new domestic media player.
The central government's approval must still be followed by more detailed talks between Disney and Shanghai.

Specifics still to be finalized include ownership structure and local partners for the park, a source close to Disney told Reuters on condition of anonymity as talks were still ongoing.
In the meantime, Beijing has handed down guidelines it wants followed on the deal's financial structure, as well as infrastructure requirements, the source said.

"This means we have a new place to party and a new theme park to play," said Amanda Zhang, a Shanghai resident in her 30s. "I think whether it is for the government or for consumers like us, this is a very good improvement."

But villagers at the planned park site more than an hour's drive from central Shanghai fear for their homes and farms, and are already talking about compensation.

"If they want to demolish this place, those who have to move will have to move. There's no choice," said one villager, who gave only her surname, Zhou.

"If the country wants to develop this place, of course we have to support this," added 62-year-old villager Shen Jinbao. "But the government must also treat the residents and villagers here well."

HONG KONG COMPETITOR

Disney's Hong Kong operation, which cost $3.5 billion initially and is preparing for a $465 million expansion, has not been as successful as initially envisioned.

The new Shanghai park, which would be Disney's sixth, will inevitably affect the Hong Kong park, although the impact will be limited as they will draw from different areas, observers said.

"Visitors from Guangdong and southern China will still find Hong Kong more convenient, while Shanghai will attract visitors from northern and eastern China," said Paul Tang, chief economist at Bank of East Asia.

Shanghai is close to a number of other major cities within easy driving distance, including Nanjing, Suzhou and Hangzhou.

Shanghai's own population of around 19 million, combined with tens of millions more within a three-hour driving radius, would provide a more-than-ample base of local users for the park.

Disney also doesn't view the two parks as competitors.

"The Hong Kong and Shanghai parks are not competitors, they're complementary," said a Disney spokeswoman in Hong Kong. ]]> General Disney News MK2 http://www.magicalkingdoms.com/forums/showthread.php?t=1326 http://www.magicalkingdoms.com/forums/showthread.php?t=1320&goto=newpost Wed, 28 Oct 2009 21:58:31 GMT LOS ANGELES (Reuters) - Walt Disney Co is launching free iPhone and iPod touch applications, giving fans access to... LOS ANGELES (Reuters) - Walt Disney Co is launching free iPhone and iPod touch applications, giving fans access to Disney content and interactive features anywhere.
Disney.com, part of the Disney Interactive Media Group, said it will offer users of the popular Apple Inc devices items like the new "Click2Life" feature that lets fans take pictures of images from the Disney.com Web site, and eventually in the physical world, and unlock exclusive content.
For instance, a teenager may one day see a poster of an upcoming "Pirates of the Caribbean" film in a mall, snap a picture of the poster with an iPhone and then generate video content related to that picture or character.
Jason Davis, vice president of Disney.com, said in an interview that the media giant realized it already had a huge audience of iPhone and iPod touch users for its content on its existing mobile application on Disney.com.
Disney.com reaches nearly 31 million unique visitors per month and said that among mobile Web sites, it ranks as the No. 1 entertainment mobile site.
It also has an expanding lineup of many paid applications currently available in Apple's App Store including Toy Story Mania!, Disney Fairies Fly, The Nightmare Before Christmas and Breakspin.
"Our iPhone and iPod touch traffic is heavily made up of kids and moms. The iPod touch has a very specific demographic geared to the tween," he said, adding that within Disney content, there are various safety controls.
"Because the applications are self-contained, once you're in the application, you can't get into anything else," he said.
The new application organizes Disney-branded content within one destination on each device, lets users interact with Disney characters through customizable photo frames and audio greetings, listen to Radio Disney live, watch music videos and buy Disney music on Apple's iTunes Store. ]]> General Disney News MK2 http://www.magicalkingdoms.com/forums/showthread.php?t=1320