Word: disneysea
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...Disney, the addition of a new, competing park alongside Disneyland represents a major gamble with its original 45-year-old property. Yet such parks generate cash far more reliably than, say, the movie business. Which is why Disney is also expanding at Tokyo's DisneySea this year, adding a second gate in Paris next year and drawing up plans for a new Hong Kong Disneyland...
...other lesson Disney has learned is to share the cost. In Tokyo, Disney gets a management fee for licensing its brand to DisneySea, but it has invested virtually nothing in the resort. In France the company now owns only 39% of the property. In Hong Kong, Disney has paid only $310 million for a 43% stake in a venture that is valued at around $4 billion...
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