for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Media News

Oriental Land scraps plan for new Disney facility

TOKYO, Oct 7 (Reuters) - Tokyo Disney Resort operator Oriental Land Co Ltd 4661.T said on Tuesday it had scrapped a plan for a new Disney-theme entertainment complex in a major city in Japan, citing the poor prospects of the project's investment returns.

The firm said it would continue to explore possibilities for a new business, which might not involve Disney characters.

The company and Walt Disney Co DIS.N have spent more than a year studying a plan to build an urban-style amusement facility in 2010 or later, but they decided that the estimated investment return would not justify the project, it said. (Reporting by Taiga Uranaka)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up