Donate today to support our freely available journalism. The slogan of the new theme park is "authentically Disney and distinctly Chinese.". Help us reach our goal of 1,000 donors today! The lines are long, and the food is expensive. © 2020 Fortune Media IP Limited. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Info | Ad Choices There’s a magical castle. Donate today to help keep our coverage free and open to all. does not release specific financial information, management has "Our research has found that Disney parks help to increase the overall PRX is a 501(c)(3) organization recognized by the IRS: #263347402. Offers may be subject to change without notice. In fact, Hong Kong Disneyland is only a gateway into the world’s largest market. Asia China china Disney Shanghai US-China relations. China's power to dictate terms to an iconic and wealthy American company like Disney could be seen as yet another sign of the country's growing global influence. Plexiglass dividers in queues all have. Did Steve Jobs fudge the numbers in the Pixar acquisition deal? Powered and implemented by Interactive Data Managed Solutions. But the opening of the new park is more than just fun and games. By continuing to use our site, you accept our use of cookies and Privacy Policy. All Rights Reserved. invested heavily to expand its presence in China. Here’s what data from betting sites suggests, Stimulus update: What to expect if the White House doesn’t meet Pelosi’s 48-hour deadline, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. At the opening ceremony, Disney Chairman and CEO Bob Iger read a letter from President Barack Obama, who said the park “captures the promise” of the bilateral relationship between the US and China. The question is will Disney be able to overcome the cultural differences with a nation that has minimal experience with the Disney product and no experience with Disney style themeparks? And China’s president, Xi Jinping, said that the new park was a sign of his country’s “commitment to cross-cultural cooperation.”, On the face of it, Disney seems happy to go along with this idea. Donald's Dino Bash lives on in boat parade form... Notice anything different about the monorail. When you support The World’s fall fundraiser, you ensure we can continue this critical work. Seventeen years after the idea was first raised, Disney has finally opened its first amusement park in mainland China, on the outskirts of Shanghai. We use cookies to understand how you use our site and to improve your experience. Be one of 1,000 donors to give $100 or pledge $8.33/month to receive an invite to a virtual party with Marco Werman and The World team! Our coverage never has been, and never will be, behind a paywall. You trust the coverage brought to you by The World because of the intelligent, engaging conversations you hear every weekday on topics from the US presidential election to the coronavirus pandemic. Latest Content. In fact, Hong Kong Disneyland is only a gateway into the world’s largest market. The Chevy Camaro convertibles used for the Mickey, Hidden Disney: Firehouse Five reference inside Mic, Ok. Look at t, Maybe they'll let me check in for the night just o, Went for a graze around EPCOT for the Taste of Epc, Thinking about a post-covid world, what do you hop, Not sure what happened to the other passengers on, There is still some work going on to complete the, No touchy. Terms & Conditions. All rights reserved. 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Iger wanted to kick the yearslong negotiations into high gear. Be one of 1,000 donors to give $100 or pledge $8.33/month to receive an invite to a virtual party with Marco Werman and The World team! awareness of the Disney brand," [a Disney spokesman] said. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. This story shows that Disney’s relationship with China goes much farther than just a theme park. Although Disney The World is a public radio program that crosses borders and time zones to bring home the stories that matter. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. “[They are] wary of what they see as Western values and ideals, and cultural imperialism.”, “Disney, in the run up to this opening," Kaiman adds, "has made it very clear that they are willing to make concessions. "Our research has found that Disney parks help to increase the overall The World needs you. The Harmonious barge is really tall. But according to Jonathan Kaiman, Asia correspondent with the Los Angeles Times, the slogan also suggests a degree of deference on Disney’s part. The World needs you. Public health experts worry about flu and coronavirus overlap. “I think it’s a gesture to the Chinese government, the officials they are working with, and also the clientele that they are bringing in, who are very much influenced by this political system,” Kaiman says. Mickey Mouse is smiling. The target market is the 330 million people living within a three-hour drive along China's central eastern seaboard. SHANGHAI — Disney had pushed China too hard, putting the company’s plans for a new theme park here in limbo. They are willing to let the government call the shots. FORTUNE may receive compensation for some links to products and services on this website. "There is good synergy But this time ... it’s Communist Party approved. “So much has changed since then.”, “China has really emerged as a major player on the world stage, and the government wants to send a message that they have arrived.”, “Their door is open to the rest of the world, even if they are only willing to play by their own rules.”. A company controlled by the Chinese government owns a 57 percent stake in the new resort, and there are suggestions that some decisions about park operations have been made by the state. By all accounts, the lucky few who visited on the first day had a great time. Disney's live-action film remake Mulan faces controversy amid intensifying geopolitical rivalry between the U.S. and China. The World is a nonprofit newsroom that produces relevant, fact-based and human-centered global journalism. World’s vaccine testing ground deems Chinese COVID candidate ‘the safest, most promising’, Stimulus update: Pelosi says a deal could be near, but a vote may not come until after the election, Can Trump close the gap and win in November? They see themselves as an equal or even a lesser partner in this whole operation.”. Donate today to support our free and trustworthy journalism. between other Disney products and our parks." Women wearing Mickey Mouse ears watch the opening ceremony at Shanghai Disney Resort in Shanghai, China, June 16, 2016. This story shows that Disney’s relationship with China goes much farther than just a theme park. Quotes delayed at least 15 minutes. Donate $100 or pledge $8.33/month to receive an invite to a virtual party with Marco Werman and The World team! “Walt Disney himself died in 1966, during the first year of the cultural revolution,” Kaiman says. The story you just read is freely available because readers like you support The World financially. Market data provided by Interactive Data. It's something of a diplomatic event. To learn more, review our Cookie Policy.
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