Walt Disney Co. may open a theme park in Shanghai after 2010, President Robert Iger said while in Hong Kong to raise the curtain on the Burbank-based entertainment giant's new park there.
According to news reports, Iger said Disney has been talking to the government in Shanghai China's financial center and largest city about building a Disneyland park that wouldn't open until at least 2010.
"Those discussions are ongoing," he told reporters in Hong Kong, according to the Associated Press.
Bloomberg News reported Iger as saying the company may also start a Disney Channel in China. Iger becomes Disney's chief executive this month.
Disney is opening a $3.5 billion theme park in Hong Kong on Sept. 12. Hong Kong's Disneyland is its 11th. Other parks are in Tokyo, Paris, Orlando, Fla., and Anaheim.
"As people's knowledge of Disney and appreciation and desire to experience Disney grows, our business should grow," Iger told Bloomberg News. "In the long term, the government of China will be quite cooperative with us."
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