SUBMITTED BY-NIHARIKA DAS (02)SUSMIKA DEY (14)NIRUPOMA SINGHA (20)SUMI SINHA (29)SUJATA DAS (40)POREILEIMA SINGHA (45)

INTRODUCTION:The Walt Disney Company is the largest

media and entertainment conglomerate in the world. Founded on October 16, 1923 by brothers Walt Disney and Roy Disney as the Disney Brothers Cartoon Studio, the company was reincorporated as Walt Disney Productions in 1929. Taking on its current name in 1986, The Walt Disney Company expanded its existing operations and also started divisions focused upon theatre, radio, publishing, and online media.

The networks owned & operated by Disney are

•The ABC broadcast television network•cable television networks such as Disney Channel, ESPN, and ABC Family; •publishing, merchandising, and theatre

 divisions; and owns and licenses 

11 theme parks around the world. •The company has been a component

of the Dow Jones Industrial Average since May 6, 1991.

•An early and well-known cartoon creation of the company, Mickey Mouse, is the official mascot of The Walt Disney Company.

The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with four business segments: media networks, parks and resorts, studio entertainment and consumer products.

The Walt Disney Studios

Parks and Resorts

Disney Consumer Products 

Media Networks

1. What were the reasons behind DISNEY’S decision to open a theme park in Paris?There were several strong reasons behind Disney’s decisions to open a theme park in Paris which are• It’s a major tourist destination •It was centrally located with excellent transportation links all over the Europe. •Apart from this, the French Govt. agreed to provide cheap land to extend the Paris railway to the park and to lend Disney 22%of the funds.

2. What were the reasons behind the losses that were suffered by Euro Disneyland?

•French people were very much conscious about their culture and language .The Disney’s no-alcohol policy which it had followed in the earlier parks was not acceptable by the French people.•Secondly , the long grey winter of northern

France created complex design problems. The breakfast facilities were not adequate with compared to seat capacity.

The reasons were:

The Disneyland in Hong Kong was formed as the joint venture between Hong Kong SAR (Special Administrative Region) government and Walt Disney firm for the development of their tourism and Travel department.The construction of Disney Land Park began on Jan 2003 in Hong Kong and it was completed after two years.Hong Kong Disneyland was the first theme park in China. It was also the first Disney theme park that's modeled so closely to the first Disneyland in California. Disneyland received a warm welcome in Hong Kong, by the large crowds and guests during the inaugural ceremony held on 12th september 2005.

HONG KONG DISNEYLAND

The park featured a pink Snow White Castle and the popular rides found at the U.S. Disneylands, including Space Mountain, Mad Hatter Tea Cups, Buzz Lightyear Astro Blasters, Dumbo the Flying Elephant and the Jungle River Cruise.Disneyland was celebrated the opening ceremony with Hollywood stars, renowned Pop singers of china and Hong Kong starred Emil Chau, multiple platinum album Hong Kong recording artist; Andy Hui, Hong Kong singer and film star; singer-actor Eason Chan; 13-year-old piano virtuoso Rachel Cheung; Brad Kane, the American voice of 'Aladdin'; Coco Lee, Chinese pop star; Paige O'Hara, voice of Belle in 'Beauty and the Beast'; Lea Salonga, Broadway musical theater star and the voice of 'Mulan'; and Joey Yung, award-winning Cantonese/Mandarin singer.

HONG KONG DISNEYLAND

•The Disney land, a smaller park than any other parks, which was built on 121 hectares (298 acres), an undeniable fact by Disney officials. •The media reported that 18,000 visitors turned out there to join the beginning of Disneyland inauguration in Hong Kong on 12th September 2005..

SIGNIFICANT CHALLENGES

• Hong Kong where East fused with West.• Its rival, Ocean Park, the most successful theme park in Hong Kong.• Queues of more than two hours for some of the most popular rides.• Pricing factor.• Cultural shock & hygienic conditions.• Diluted the American flavor.• Globalization policy.

• Both the cities are situated on the coast. • Both cities have large population and lot of immigrants.• Local transport also in both cities is very similar. • Both Mumbai and Shanghai are becoming the head quarters of big multinational companies.• Like in Mumbai, the person who is brought up in Mumbai for several years likes to be called as ‘Mumbaikar’, in Shanghai also, people like themselves to be called as Shanghainese than Chinese.

DIFFERENCES

• Temperature.•Attitude and an open minded thinking process of the people. • Infrastructure.• Local transport. • The response time of government.

The picture is very clear. China’s east zone is getting more and more saturated and therefore the cost of workers, cost of properties and so the overall living cost is increasing day by day. In terms of Government’s response time in any development for people’s benefit, China is way ahead of India. Nothing comes in between the development of the nation when its done in China. We definitely lack in this system. Apart from these differences, we don’t see major differences between India and China. Rather what we feel is, if we improve upon our infrastructural development and if our government can be quicker in taking decisions and implementing them, we can definitely over take China in economic growth.

 

Conclusion