WALT DISNEY - DISNEY HALTS TALKS ON EXPANDING HONG KONG DISNEYLAND

DISNEY HALTS TALKS ON EXPANDING HONG KONG DISNEYLAND

The Walt Disney Co. has pulled out of talks with the Hong Kong government on plans to expand its theme park, which some analysts regard as crucial in order to attract repeat visitors. Disney said it is firing 30 Hong Kong-based "Imagineers" who had been developing plans for the expansion. It suggested that it was doing so because of uncertainty over the Hong Kong government's commitment to funding the expansion. A spokesperson for the Hong Kong Commerce and Economic Development Bureau said it was "puzzled" by Disney's decision and asked Disney to reconsider.

17/03/2009