The total investment for the joint venture investment between Shanghai Shendi and Disney in the Disney Shanghai theme park, touted as China's answer to Orlando, will total US$5.5bil - AFP Photo.
REUTERS: Walt Disney said on Monday it has struck a deal with its Chinese joint venture partner to increase investment in its upcoming resort and theme park, Shanghai Disney, by an additional US$800mil.
The expansion comes with an eye on China's fast-growing entertainment and media market, which is expected to grow to US$148bil by 2015 from around US$120bil in 2013, according to PricewaterhouseCoopers' outlook for the global entertainment and media business 2011-2015.
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