Hong Kong government may sell its stake in Disneyland

Posted Thursday, November 3, 2005 10:14 AM | Contributed by Jeff

For the first time, a government minister gave a detailed breakdown of the HK$25 billion (about $3.2 billion USD) it has spent so far to get the Disneyland Hong Kong theme park up and running, and then startled lawmakers by saying the government might ultimately sell its share.

Read more from The Standard.

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Thursday, November 3, 2005 11:30 AM
*Checks piggy bank*

Damn, not enough loose change to buy it. I'm about $3,199,999,999 short. Ah well.

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Thursday, November 3, 2005 10:32 PM
Hmm. It may not be a bad investment if I had 3 billion lying around, though IIRC the deal was absurdly favorable to Disney in its terms regarding licensing fees and percentage of shares. I believe Disney's actual investment was a mere fraction of the Government's yet they own a full 49% (or something close) and still receive a huge licensing fee.

...

okay, looked up the actual numbers now... Disney put up just over 300 million to the Government's 3+ billion, roughly 1/10th the money, yet owns 43% of the park, and gets a "5-10% licensing fee" for characters

5-10% of what, I'm not sure.

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