Disney optimistic about Shanghai plans

Posted Tuesday, January 27, 2009 11:32 AM | Contributed by Jeff

Walt Disney & Co. said no agreement has been made yet with Chinese authorities on the opening of a Shanghai theme park, although it was “optimistic” as negotiations continued. An application to build the park was submitted to the relevant government bodies after the Burbank, California-based company had completed a feasibility study, Disney Managing Director for Asia Bill Ernest said today in an interview.