Shanghai Disney contributes to Walt Disney's growth at int'l parks

Xinhua Financein SHANGHAI
2017-02-09 08:55

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Walt Disney Co. on Wednesday attributed its international parks' growth to the success of Shanghai Disneyland, which has received over 7 million visitors since it opened in June 2016.

In its fiscal report released Wednesday, Robert Iger, Walt Disney chairman and CEO, said the biggest success stories in 2016 were at its Parks & Resorts, "with the opening of Shanghai Disneyland." He said the park proved to be enormously popular with guests over Chinese New Year -- operating at maximum capacity for the entire holiday period, from Jan. 27 to Feb. 3. Iger said that the park could potentially exceed 10 million visitors by its first anniversary.

He is confident in the resort's ability to break even in this fiscal year. The company on Wednesday reported its quarterly earnings for its first fiscal quarter, ending Dec. 31, 2016.

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