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Universal plant neuen Freizeitpark in China
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Tejay 		nach oben
Assistent Thorsten Janke
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Dabei!
Link zum Beitrag #153009 Verfasst am Sonntag, 29. Mai 2005 21:21
Themenersteller 		Relax
und zwar in der Stadt Hangzhou
bloomberg.com news
Zitat Paramount, Shui On Plan $1.5 Bln China Theme Park (Update3)

May 27 (Bloomberg) -- Viacom Inc.'s Paramount Parks plans to build a $1.5 billion theme park in the eastern Chinese city of Hangzhou in partnership with Shui On Group Ltd., a Hong Kong developer, according to the municipal government and the builder.

A preliminary agreement was signed May 25, said Tang Jinxiang, a planning official at Hangzhou's Yuhang District Tourism Bureau. Shui On spokeswoman Christine Mui said no time frame was set for work to start. Viacom spokesman Carl Folta declined to comment.

Paramount, whose five North American parks have rides based on movies such as ``Crocodile Dundee,'' may vie for visitors with Walt Disney Co.'s $3.5 billion Hong Kong park, due to open in September. Hangzhou drew 31.4 million tourists in 2004 with attractions such as the West Lake and is seeking to profit from a tourism boom in the world's fastest-growing major economy.

``Not too many people in Asia know about Paramount theme parks,'' said Adrian Ngan, a Hong Kong-based analyst at BNP Paribas Peregrine Securities. ``Hangzhou will probably attract more local traffic, whereas Disneyland will draw regional visitors as well.''

Paramount's theme parks together average more than 13 million visitors a year, according to Paramount Parks Web site. Disney's Hong Kong park may attract as many as 5.6 million visitors in its first year, according to the Hong Kong government and Burbank, California-based Disney.

A theme park in Hangzhou may attract 5 million people a year, according to the city's government. Hangzhou has a population of 6.4 million, and nearby Shanghai, China's biggest commercial city with 17 million people, is located an hour's ride away by train.

Viacom's Class B shares fell 17 cents to $35.03 at 10 a.m. in New York Stock Exchange composite trading. They have dropped 6.6 percent in the past year, while Disney shares gained 18 percent.

Viacom Split

Sumner Redstone, chief executive of New York-based Viacom, said in February the company had received interest from potential buyers of the theme parks. The interest was unsolicited, he said at a Bear Stearns Cos. media conference in Palm Beach, Florida.

Redstone, who turns 82 today, in March proposed dividing the company's assets between the MTV Networks cable-television business and CBS broadcasting because he believes investors don't value the divisions highly enough. He said the company had been considering the move since last June. The board will vote on proceeding with the plan by the end of next month, he said yesterday.

The parks unit would become part of the ``slow growth'' CBS business with the Infinity radio unit and Simon & Schuster book publisher after the company is split, Redstone said in April.

Expatriates

Hangzhou is part of the Yangtze River Delta, one of China's most developed regions comprising 211,000 square kilometers (84,400 square miles), about half the size of California. The delta encompasses 16 cities, including Shanghai and cities in Jiangsu and Zhejiang provinces.

The region is responsible for about a fifth of China's gross domestic product and home to 10 percent of China's 1.3 billion people, the state-run People's Daily reported in April.

``Hangzhou will draw a lot of expatriates,'' Mui said. ``A large proportion of visitors will also come from Shanghai.''

Rockefeller Group Inc., a U.S. subsidiary of Mitsubishi Estate, and Shui On will be responsible for building the Hangzhou theme park, according to a secretary for Tu Dongdong, deputy chief of Hangzhou's Yuhang district. Rockefeller and Shui On would invest in the park, and Paramount would provide brands and ideas.

China has about 3,000 theme parks, with 70 percent of them unprofitable, China Business News reported Feb. 3. Universal Studios' planned theme park in Shanghai and two other major projects in the city were put on hold last year pending approval from the central government, which has clamped down on investments nationwide to slow the economy.

Magic Kingdom

China's economy expanded 9.4 percent in the first quarter. Per capita disposable incomes in urban areas, home to a third of China's population, rose 11 percent from a year earlier to 2,938 yuan ($355) in the period.

Revenue from the global entertainment and media industry may rise to $1.7 trillion in 2008 from $1.2 trillion in 2003, according to a PricewaterhouseCoopers LLC survey. Disney, the second-largest U.S. media company, has two theme parks in the U.S. and one each in Europe and in Japan.

Magic Kingdom at Walt Disney World in Buena Vista, Florida, Disneyland in Anaheim, California, and Tokyo Disneyland ranked as the top three most-attended amusement parks worldwide in 2004, according to a Forbes magazine report. Magic Kingdom, ranked No. 1, had 15.2 million visitors last year, the report said.
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Tejay 		nach oben
Assistent Thorsten Janke
Bochum
Deutschland . NW
 
Avatar von Tejay
Dabei!
Link zum Beitrag #153013 Verfasst am Sonntag, 29. Mai 2005 21:30
Themenersteller 		Relax
Und auch gleich eine Gegendarstellung von Viacom
bloomberg.com news
Zitat Viacom Denies It Plans to Build Park With Shui On (Update2)

May 27 (Bloomberg) -- Viacom Inc., the third-biggest U.S. media company, denied it plans to build a $1.5 billion Paramount theme park in China with Shui On Group Ltd.

Bloomberg News today reported the municipal government and Shui On said that Paramount would create a partnership with the Hong Kong developer to build a theme park in the eastern Chinese city of Hangzhou. A preliminary agreement was signed May 25, said Tang Jinxiang, a planning official at Hangzhou's Yuhang District Tourism Bureau. Shui On spokeswoman Christine Mui said no time frame was set for work to start.

``The report is false,'' Viacom spokesman Carl Folta said today. ``We are not part of this project.'' He earlier declined to comment on the report.

Tang Jinxiang didn't immediately return a call seeking comment placed after business hours when Viacom made its denial. A call to Shui On Group placed after business hours wasn't returned. The plan for the park was earlier reported in the Oriental Morning Post.

Shares of Viacom fell 27 cents to $34.93 at 4 p.m. in New York Stock Exchange composite trading. The shares have declined 4 percent this year.

Hangzhou drew 31.4 million tourists in 2004 with attractions such as the West Lake and is seeking to profit from a tourism boom in the world's fastest-growing major economy.

A theme park in Hangzhou may attract 5 million people a year, according to the city's government. Hangzhou has a population of 6.4 million, and nearby Shanghai, China's biggest commercial city with 17 million people, is located an hour's ride away by train.

Hangzhou is part of the Yangtze River Delta, one of China's most developed regions comprising 211,000 square kilometers (84,400 square miles), about half the size of California. The delta encompasses 16 cities, including Shanghai and cities in Jiangsu and Zhejiang provinces.

Expatriates

The region is responsible for about a fifth of China's gross domestic product and home to 10 percent of China's 1.3 billion people, the state-run People's Daily reported in April.

``Hangzhou will draw a lot of expatriates,'' Mui said. ``A large proportion of visitors will also come from Shanghai.''

China has about 3,000 theme parks, with 70 percent of them unprofitable, China Business News reported Feb. 3. Universal Studios' planned theme park in Shanghai and two other major projects in the city were put on hold last year pending approval from the central government, which has clamped down on investments nationwide to slow the economy.

China's economy expanded 9.4 percent in the first quarter. Per capita disposable incomes in urban areas, home to a third of China's population, rose 11 percent from a year earlier to 2,938 yuan ($355) in the period.

Revenue from the global entertainment and media industry may rise to $1.7 trillion in 2008 from $1.2 trillion in 2003, according to a PricewaterhouseCoopers LLC survey. Walt Disney Co., the second-largest U.S. media company, has two theme parks in the U.S. and one each in Europe and in Japan.

Magic Kingdom at Walt Disney World in Buena Vista, Florida, Disneyland in Anaheim, California, and Tokyo Disneyland ranked as the top three most-attended amusement parks worldwide in 2004, according to a Forbes magazine report. Magic Kingdom, ranked No. 1, had 15.2 million visitors last year, the report said.
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