Well, the deals have been done and it looks like Disney and the Hong Kong government have come to solid agreement for the expansion of Hong Kong Disneyland.
The following statement can be attributed to Leslie Goodman, Executive Vice President for Worldwide Public Affairs, Walt Disney Parks and Resorts, regarding the expansion of Hong Kong Disneyland.
After more than two years of negotiations, Disney is pleased that the two shareholders have reached an agreement on the expansion of Hong Kong Disneyland that will benefit both parties. The expansion deal will contribute to Hong Kong’s appeal as an international, family-friendly tourist destination and the resort’s long-term success. Disney is making a substantial investment in this important project and we are eager to begin work as soon as the necessary approvals are received.
Leslie Goodman, Executive Vice President for Worldwide Public Affairs, Walt Disney Parks and Resorts.
Wrapping it up
The deal is a great moment for Disney and the local Chinese government. There is a dedicated infusion of hard cash as part of the deal as well as converting some of the loans into equity position so there seems to be equal amounts of investment by both parties.