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Moana, Frozen and Marvel lead $1.4bn expansion plans for Hong Kong Disneyland

Disneyland Hong Kong is making preparations for a $1.4 billion expansion with new Frozen, Marvel Super Heroes and Moana areas planned.

According to Variety, the expansion plans will call for funding through cash equity injections from shareholders and the Hong Kong Government.

Sources suggest that Disney will invest $650 million in the new plans, with the Hong Kong Government injecting a further $750 million to help develop new areas including a Moana’s Village Festival in Adventureland attraction.

The expansion and development plan will run from 2018 until 2023 with new attractions launched each year.

Disney has estimated that the expansion plan could create around 3,500 jobs in the area.

“This proposed expansion brings the best of The Walt Disney Company to this wonderful tourist destination, giving guests an experience only Disney can deliver and infusing some of Disney’s most beloved characters and stories into this unique detination,” said Bob Chapek, chairman of Walt Disney Parks and Resorts.

About Robert Hutchins

Robert Hutchins is the editor of Licensing.biz and ToyNews. Hutchins has worked his way up from Staff Writer to the position of Editor across the two titles, having spent some six years with both ToyNews and Licensing.biz, and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@bizmedia.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobHutchins3 if ranting is your thing...

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