‘Theme Park’ Tag
China’s Wanda Takes on Disney, DreamWorks Animation With Plan for 200 Theme Parks
Beijing, August 13th (Hollywood Reporter)

Wanda has designs on becoming the biggest multiplatform entertainment company in the world

Wanda Group, China’s biggest real estate company and the world’s largest cinema chain, is planning to build 200 children’s theme parks by 2020, local media reported, making it the country’s biggest kids’ entertainment company.

The parks are set to provide domestic competition for U.S. giants DreamWorks and The Walt Disney Company, both of which have big plans for China.

Shanghai Disneyland, the first Disney park on the Chinese mainland, is scheduled to open in the city’s Pudong district at the end of next year.

In March, DreamWorks Animation and its Chinese partners unveiled designs for a $2.4 billion entertainment complex, also in Shanghai.

General manager of Wanda’s children’s entertainment unit, Qiu Xiaojun, said the parks, which translate from Chinese as “Wanda Baby King Park,” were similar in some ways to Disney theme parks and would feature cartoon images based on a 52-episode series of animations that Wanda had commissioned.

Read further…
Source: Hollywood Reporter

Why the Asian Theme Park Business Is Exploding
Beijing, June 26th (Hollywood Reporter)

2013 attendance was up 7.5 percent compared with the previous year, according to a new report, compared to a 2.5 percent increase for North and South America.

The theme park business in Asia is exploding, with 2013 attendance up 7.5 percent compared with the previous year, according to a new report from the Themed Entertainment Association. That compares with a modest 2.5 percent increase for North and South America and a dip of nearly 1 percent in Europe and the Middle East.

Disney finally has fixed problem parks in Japan and Hong Kong, and Universal is riding a hot streak from Orlando to Osaka — and activity may grow in China, where megasize real estate projects have floundered and developers see parks as a way to invigorate them.

The largest Chinese park operator is OCT Group, with 11 parks and two under construction. China’s Fantawild, which became one of the 10 largest group owners in the world in 2013, has 10 parks that enjoyed a whopping 43 percent increase in 2013.
- See more at: http://www.hollywoodreporter.com/news/asian-theme-park-business-is-714486#sthash.EYLVEpCZ.dpuf

Read further…
Source: Hollywood Reporter

Disney Increases Shanghai Park Investment to $5.5 Billion
Beijing, April 29th (Bloomberg)
Walt Disney Co. (DIS), the world’s largest theme-park operator, boosted investment in its Shanghai resort to about $5.44 billion to add attractions that will increase the park’s capacity when it opens next year.

The new spending on the Shanghai Disney Resort by the company and its Chinese partner will amount to 5 billion yuan, or about $800 million, the Burbank, California-based company said yesterday. The total outlay was originally projected at 29 billion yuan, according to the resort’s website.

Disney’s decision to increase spending was based on the outlook for tourism and travel in China, Chief Executive Officer Robert Iger said. Travel demand is rising as the number of upper-middle class and affluent households in the nation is expected to expand 18 percent annually between 2012 and 2022, Disney said in a statement, citing McKinsey & Co.

Read further…

Source: Bloomberg

DreamWorks Animation, Chinese Partners Unveil Plans for Shanghai Entertainment Complex
Shanghai, March 20th (Hollywood Reporter)

The $2.4 billion project will include a 500-seat IMAX cinema, with international film festivals and red carpet events in mind, along with bars, restaurants and performance venues.

DreamWorks Animation and Chinese partners unveiled designs on Thursday for a 15 billion yuan ($2.4 billion) entertainment complex in Shanghai, expanding Hollywood’s growing ties with China.

The “DreamCenter,” due to open in 2017, will have a 500-seat IMAX cinema with international film festivals and red carpet events in mind, bars, restaurants and performance venues, the companies said. It will also showcase a “Dream Avenue” theater district modeled on London’s West End and New York City’s Broadway.

The project is led by DreamWorks Animation, Chinese investment fund CMC Capital Partners, whose owners include state-owned companies, and Hong Kong developer Lan Kwai Fong.

Read further…
Source: Hollywood Reporter

Chinese Developers Betting Big on Jeju Island
Seoul, March 17th (Korea IT Times)

All the large-scale tourism development projects currently under way in Jeju Island including Yerae Residential Town and Shinwha History Park are led by Chinese companies in one way or another.

According to the Jeju provincial government and Jeju Free International City Development Center on March 16, the tourism projects in excess of 1 trillion won under construction are five including the Healthcare Town, Iho Amusement Park and the Dream Tower, as well as the two projects.

Yerae Residential Town is a project led by the Berjaya Group, a Malaysia-based corporation that controls a wide array of businesses, including resorts, gambling, food and beverage, and property, which is building a 744,000-square-meter residential complex comprising town houses and amenities such as leisure and healthcare facilities in Seogwipo in the south of the island.

Meanwhile, Landing Investment Group, a Hong Kong-based real estate development company, agreed last month with Genting Singapore PLC to create a resort town inside Shinwha History Park in Seogwipo. Greenland Group, China’s state-run real estate developer, is also busy preparing to build a 778,000-square-meter healthcare town that encompasses hospitals, medical R&D facilities, leisure town, and hotels at the cost of 1 trillion won, again in Seogwipo. Separately, Greenland Group is building a 56-story hotel “Dream Tower” in the City of Jeju in partnership with Korea’s Dongwha Investment & Development.

Read further…
Source: Korea IT Times

Universal Studios to Build $2 Billion Hollywood-Themed Resort in Beijing
Beijing, March 4th (Hollywood Reporter)

Located in a suburb of China’s capital city, Universal Studios Beijing will be the company’s third facility in Asia after Singapore and Tokyo.

Universal Studios is planning to open a Hollywood movie theme park, Universal Studios Beijing, in the suburbs of the Chinese capital in collaboration with a local state tourism company.

The news was released on the website Sina’s property pages, and spread quickly online, with much excited chatter on China’s Twitter, Weibo.

The facility will cover a 51-acre site and the total budget will be 12 billion yuan ($1.95 billion). Construction is due to start in the fourth quarter of 2014, according to the local media report.

Read further…
Source: Hollywood Reporter

Theme park operator Haichang targets HK IPO
Beijing, February 28th (Financeasia)

Chinese theme park operator Haichang Holdings aims to raise up to $346 million in a Hong Kong initial public offering in March. It will be the first Asian theme park operator to list.

The global roadshow starts Friday, with bankers travelling across Asia, Europe and the US to meet with potential institutional and retail investors.

Haichang, China’s version of Sea World, is seeking $281 million to $346 million, with one billion shares on offer priced between HK$2.18 and HK$2.68. If the greenshoe option is exercised, the amount raised could hit $397 million.

Shares will price on March 8 with the listing due on March 13.

The company has secured two cornerstone investors ahead of the roadshow – Central Asset Investments Management and Kaisa Group Holdings, a Hong Kong property developer, have each pledged $20 million and $10 million, respectively.

Read further…
Source: Financeasia

Hong Kong Disneyland Hits Its Stride, Readies for Chinese Rivals
Hong Kong, February 18th (businessweek)

Hong Kong Disneyland is finally on a roll. After years of disappointing results, Disney’s (DIS) first foray into Greater China earned HK$242 million ($31 million) in the year ending in September, the company announced yesterday. That profit came on revenue of HK$4.9 billion, 15 percent more than 2012.

Last year was the second consecutive year in the black for Hong Kong Disneyland, a joint venture between Walt Disney and the Hong Kong government. Hong Kong began in 2005 as the smallest of Disney’s parks, and dedicated Magic Kingdom fans expressed disappointment with the limited number of attractions. When the park opened, for instance, it was missing Autopia and It’s a Small World, two Disneyland classics. Disney has since made amends, launching those attractions as well as three new lands: Toy Story Land, with Woody, Buzz, Jessie, and pals; Grizzly Gulch, anchored by a Wild West-themed roller coaster; and Mystic Point, featuring a haunted mansion that’s not very scary. (Alas, there seems to be little demand for one of my old Disneyland favorites, the Enchanted Tiki Room.)

Read further…
Source: businessweek

Milestones in Disney project Shanghai
Shanghai, January 29th (Shanghai Daily)

CONSTRUCTION milestones were reached at the Shanghai Disney Resort yesterday, with the first of two hotels topped out and work starting on an artificial mountain.

Concrete was poured into the last section of the roof structure of the hotel building, while the first vertical steel support for the “mountain” was installed at the Pudong New Area resort, which is scheduled to open by the end of next year.

“With these two construction milestones, progress on vertical construction of the Shanghai Disney Resort continues on track” a resort official said.

Read further…
Source: Shanghai Daily

Source: DisneyParks Blog

Hong Kong Ocean Park Adds 30 Attractions with New Round of Development Projects
Hong Kong, January 22nd (Ocean Park Website)

Ocean Park today revealed that its new round of development projects will add around 30 attractions and a projected 1,100 permanent staff positions by 2017. Along with the Ocean Hotel project, the new developments will further elevate the Park’s appeal to overseas tourists and frequent independent travellers (FITs), supporting the government’s vision for Hong Kong’s tourism development. The expansion of attractions will also enhance Ocean Park as a facility serving the community’s recreational and education needs. The Park also announced the appointment of three executive directors, including the head of the newly formed Hotel & Hospitality Division, who will together help lead this new chapter of Ocean Park’s development.

Mr. Tom Mehrmann, Chief Executive of Ocean Park, said, “Ocean Park as a local landmark will undergo yet another dramatic transformation with our 495-room hotel development and the new 400,000 square-foot Water World project, complemented by the 2015 launch of the MTR South Island Line, which will vastly enhance accessibility by independent travellers and locals alike. Ocean Park is thus well positioned to elevate its contributions as a pillar of Hong Kong’s tourism industry and community asset.”

Source: Ocean Park Website

Fulldome Production
Time Lapse Production
Motion Control Time-Lapse
News Archive
Member of the FDDB