Disney To Push Back Shanghai Theme Park Opening To 2016
CEO Iger expected to explain why in the company’s fourth-quarter earnings call later Tuesday.
Walt Disney Co DIS 1.29% is to put off the opening of its Disneyland Shanghai theme park to next year, the Wall Street Journal reported Tuesday, citing people close to the project.
The WSJ said chief executive Bob Iger is likely to give new guidance about the timetable for opening the park during a conference call Tuesday to discuss the group’s fourth-quarter earnings.
The delay is the latest in a long line of complications that have dogged the project over the last decade. Iger had said 10 months ago that the park would open in 2015, but the WSJ said an opening in the winter months at the end of the year would have less impact than one in the spring.
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