Arkansas Online take a look at the completion of the $5.5 billion dollar Toy Story Land expansion at Shanghai Disney Resort which looks set to solidify the company’s profile in the Middle Kingdom and bring many more jobs to the local area.
As he opened an expansion to what is proving to be one of Walt Disney Co.’s most successful theme parks, CEO Bob Iger said the $5.5 billion Shanghai Disney Resort will keep expanding to satisfy Chinese consumers’ “strong and growing demand for high-quality themed entertainment.”
The new area, a Toy Story Land in the style of the blockbuster movie franchise, is one of the fastest-paced expansions for a Disney theme park, driven by the pent-up need of China’s growing middle class for family entertainment options. The Shanghai park logged more than 11 million visitors in its first year of operations, putting it in the top seven of theme parks worldwide.
Iger did not say whether the Burbank, Calif.-based media and entertainment company plans to open a new park in China, although he told Bloomberg in a TV interview last year that there’s potential for Disney to build a second park in the long run.
