Walt Disney: China big enough for two Disneylands

Walt Disney believes that China is able to support two Disneyland resorts, and that its new park in Shanghai will not damage business for Disneyland Hong Kong, AP reported. Speaking in Hong Kong, Bill Ernest, president of Walt Disney’s Asia parks, said: "We think there’s plenty of room. We think there’s plenty of business there that supports both parks." Responding to speculation that the newly approved park in Shanghai would draw customers away from Hong Kong, Ernest pointed out that the US, with a population a quarter the size of China’s, has two Disneyland parks, one in California and  the other in Florida. An official figure of the cost of the park not yet been made, and Ernest said that it was too early to give details about the price, capital structure or attractions. Ernest made his comments at a ceremony for a US$465 million expansion of Disneyland Hong Kong.