We're not in active talks with BuzzFeed: Disney CEO
Patrick T. Fallon | Bloomberg | Getty Images
Speaking about the building of Shanghai Disneyland, Iger said he expected an additional $800 million investment in the Chinese theme park.
'We decided with our partners in the Shanghai government to accelerate the expansion of the park - that we always figured would be expanded,' Iger said.
'We thought it would be smarter to expand faster, so the intention is for this additional $800 million investment to be ready for the most part, when we open in late 2015,' he added.
Disney and Shanghai Shendi Group, a consortium of state-owned companies, have already committed to spend $4.7 billion on the theme park resort, according to media reports.
Read More Relativity Media takes on Disney with Maker Studios bid
Disney has said the investment in Shanghai Disneyland reflects opportunities in China, the world's second-biggest economy and home to a billion consumers.
'When people have babies that I know and I send them a Disney baby gift, I usually write thanks for supporting our strategic priorities,' Iger joked on CNBC.
'The relaxation of the one- child policy - obviously a good fact for us - was not factored into this [investment] decision,' he added, referring to a decision by China late last year to relax its controversial one-child policy.
Post a Comment for "We're not in active talks with BuzzFeed: Disney CEO"