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Who owns Shanghai Disney?

Introduction: Recently, Shanghai Disney’s ban on food and bag rummaging have caused huge controversy. According to the latest news, Shanghai Disney refused to accept mediation and stated that it would not change the relevant regulations. Why is Shanghai Disney so domineering? Who is the boss behind Shanghai Disney?

List of shareholders of Shanghai Disney

The reporter inquired about corporate information and found that the main body of Shanghai Disney is Shanghai International Theme Park Co., Ltd., and its business scope includes the development, construction and operation of theme parks. Tianyancha data shows that Shanghai International Theme Park Co., Ltd. is jointly developed by Shanghai Shendi Tourism and Resort Development Co., Ltd. (hereinafter referred to as "Shendi Tourism") and Walt Disney Holdings (Shanghai) (hereinafter referred to as "Disney"). Shendi Tourism It holds 57% of the shares and Disney holds 43%. In addition, Shanghai International Theme Park Supporting Facilities Co., Ltd. is also held by Shendi Tourism with 57% and Disney with 43%.

Shendi Tourism is a wholly-owned subsidiary of Shanghai Shendi (Group) Co., Ltd. (hereinafter referred to as "Shendi Group"). According to the official website of Shendi Group, it is a new functional state-owned enterprise established with the approval of the Shanghai Municipal Government. The ownership structure shows that the four major shareholders of Shendi Group are Shanghai Lujiazui (Group) Co., Ltd. (holding 45% of the shares), Jinjiang International (Group) Co., Ltd. (holding 25% of the shares), Shanghai Culture, Radio, Film and Television Group Co., Ltd. (holding 25% of the shares) 20%), Bailian Group Co., Ltd. (10% shareholding). Among the above four major shareholders, the major shareholder Shanghai Lujiazui (Group) Co., Ltd. is 100% controlled by the Shanghai Pudong New Area State-owned Assets Supervision and Administration Commission, and the remaining three are 100% controlled by the Shanghai Municipal State-owned Assets Supervision and Administration Commission.

Shanghai Shendi Group owns 57% of the equity and 30% of the operating rights of Shanghai Disney, while Walt Disney Company of the United States owns 43% of the equity and the remaining 70% of the operating rights. Because of the participation of Chinese capital, Shanghai Disney can have such a huge investment, up to 5.5 billion US dollars. In addition, due to the participation of Chinese capital, Shanghai Disney has also made greater concessions in localization.

It can be seen that the largest shareholder of Shanghai Disney is not Disney in the United States, but four companies from China. Among these four companies, Shendi Group has undoubtedly attracted much attention. Relevant insiders said that although Shendi Group is currently a state-owned enterprise, it has already entered the market-oriented operation stage, and the State-owned Assets Supervision and Administration Commission rarely interferes with related matters. .

Why Disney chose Shanghai

1. Shanghai is the largest city in China: it is the economic, financial, trade, shipping and technological innovation center of mainland China. Shanghai is located at the mouth of the Yangtze River in the middle of my country's mainland coastline. More than 20 million people live in the Shanghai area.

2. Shanghai is an emerging tourist destination: it has a profound modern urban cultural heritage and numerous historical buildings. Today, Shanghai has developed into an international metropolis that shines around the world. History and reality complement each other. The huge number of tourists every year is a guarantee of high popularity.

3. Since Disney is located in the suburbs of Pudong: the relocation pressure is relatively small, and there is no need for reclamation. The entire project took 10 years of negotiation and preparation. It can be said that "everything is ready, and the project is independent." It can be built within three years of launch.