China: WANG JIANLIN PREDICTS 20 YEARS OF FAILURE FOR DISNEY IN COMPETITION WITH WANDA PARKS

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"China’s richest man, Wang Jianlin, is predicting tough times ahead for Shanghai Disney Resort, the $5.5 billion entertainment project due to open next month in the city’s Pudong district.

Speaking in an interview on CCTV over the weekend, Wang, who last year vowed to make his Wanda Group the world’s biggest tourism enterprise, predicted that Shanghai Disney would not be able to make a profit for at least twenty years, due to the high cost of the project and what he termed the fading appeal of the entertainment empire’s stable of characters."

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Source : China: WANG JIANLIN PREDICTS 20 YEARS OF FAILURE FOR DISNEY IN COMPETITION WITH WANDA PARKS