The basic picture of Shanghai Disneyland is beginning to take shape now that this project has progressed for four months.
In an interview with the International Finance News yesterday, Thomas Steig, President of Walt Disney Parks and Resorts, released information about the latest progress and specific details of this project.
Steig said the project is in full swing since it broke ground four months ago. The land leveling is underway the blueprint-based design work is also coming to an end.
As for the details, Steig revealed that some special design elements will be applied to Shanghai Disneyland. First, the landmark for this theme park is the world's largest, highest and most interactive castle. Second, the castle will be named "Fantastic Fairytale Castle," which is different from the other castles that are named after princesses.
The "Shanghai Mode" is also applied to other fields. With a unique management method, Walt Disneyland and the Chinese party will jointly participate in investment, construction and administrative management of the future amusement park Disneyland Shanghai and other facilities. These all create a precedent in Disney's overseas theme park project management. In this regard, Steig made more detailed disclosures.
"Disney and Shendi Group established two joint companies: One runs the resort, in which Disney holds most of the shares. The other, as the operator of the resort project, owns and invests in the resort and the theme park, in which Shendi Group holds most of the shares," he said.
He said profits will be distributed to partners on both sides, which is also the precondition for the cooperation. Yet, the specific profit distribution proportion cannot be disclosed.