Chairman of Walt Disney Parks and Resorts Tom Staggs says Disney Shanghai will run under a new operation mode that will involve shared profits between Walt Disney and its local partner in China.
The announcement was made during Staggs' visit to Shanghai four months after Disney's first theme park in the Chinese mainland broke ground.
Industry insiders explain that the sharing mode is similar to the management of foreign hotels with light assets. In this mode, main investors tend to take risks and face the challenge of running and coordinating their separate ideas.
One source disclosed that 70 percent of the shares of the management company in charge of the operation of the Disney theme park are controlled by Walt Disney, with 30 percent held by Shendi. The properties of the park and its facilities will be controlled by Shendi holding 57 percent of the shares and Walt Disney holding 43 percent.
