Hong Kong Disney: the good and the bad Introduction:Disney Disney was founded on October 16‚ 1923‚ by Walt and Roy Disney as the Disney Brothers Cartoon Studio‚ and established itself as a leader in the American animation industry before diversifying into live-action film production‚ television‚ travel‚ and theme parks (The Walt Disney Company‚ 2012). Disney went on to construct theme parks in California‚ Florida‚ Tokyo‚ Paris‚ and Hong Kong. Today Disney is the largest media conglomerate of the
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Executive Summary Hong Kong Disneyland (Disney HK) is owned by Hong Kong International Theme Parks Limited‚ a joint venture company with 57 percent shares from the Hong Kong Government and 43 percent shares from the Walt Disney Company. One of the key reasons Disney HK was constructed is to create new jobs for both within Disney and through other employment opportunities and was also estimated to generate economic benefits for Hong Kong. This report would include a comprehensive analysis of the company
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Walt Disney Company. However‚ in evaluating the past 4 years of attendance and operating figures of their newest park – Hong Kong Disneyland‚ it goes to show that the park performance is far from ideal. Why does the Disney magic not work in the hub of Asia – Hong Kong? This paper will answer that question‚ and after consolidating the lessons learnt from Tokyo‚ Paris and Hong Kong Disneyland‚ we will recommend the items Disney should consider before investing in a theme park in mainland China. Following
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Rizal in Hong Kong 19 November 1891 In the evening Rizal arrived at Hong Kong. 26 November 1891 From Hong Kong Rizal sent to Manuel Camus in Singapore 20 copies of the Fili‚ 6of the Morga and 4 of the Noli. He gave Camus 25 percent commission for thebooks sold. 1 December 1891 He asked permission from his parents to join them in Manila in their sacrifices andat the same time‚ encouraged them to have a little endurance. He said: " I havelearned of the exile of four townmates to Jolo and of
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1. How would you value the Hong Kong Disneyland project from the perspective of Walt Disney? The valuation of Hong Kong Disneyland from the perspective of Walt Disney is done by taking the following assumptions: Cost of Capital = 9.52% Cost of Government Debt = 8.19% Cost of Commercial Bank Debt = 11.36% Cost of Equity = 12.3% (10 year average) Inflation = 7.31% (10 year average) Gross margin = 37% Operating Cost = 22% Variable Management Fee = 5% With the above assumptions the FCF
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The Decolonization of Hong Kong -Under Deng Xiaoping’s Leadership In the July of the year 1997 ‚ Hong Kong has officially been reunified to People Republic China from Great Britain’s colonization. Despite the problems around Independence of Hong Kong in recent days ‚ the requisition of Hong Kong from British power was a rhetorical event in the Hong Kong’s history. During the twenty centuries and under leadership of Deng Xiaoping ‚ China had successfully transformed themselves from a weak and
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Living in a small town vs. a big city Choosing a place to live is an important decision in everyone`s life. In fact‚ the conditions of the place one lives have direct effects on his or her life. Some people prefer to live in a big city. Others would rather live in a small town. There are advantages and disadvantages about both group`s opinion that in this essay I am going to discuss them. First‚ let us elaborate the opinion of the group who prefer to live in a big city. These
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Hong Kong Tourism development is very important in Hong Kong. It has benefitted Hong Kong’s economy and employment throughout the years. Tourism currently rates second among the four key industries in Hong Kong. It contributes to the employment of other industries like retail trade‚ food and beverage‚ accommodation and transportation. Currently‚ Hong Kong Tourism Commission‚ which is a Government department‚ plays a part in supporting the development of new attractions and events. The Hong Kong
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Obesity in Hong Kong Introduction The problem of obesity in Hong Kong is a significant issue that the community as a whole is trying to arouse public awareness to it. According to the statistics provided by a research done by the Hong Kong Department of Health‚ the estimated percentage of overweight and obese of the whole population in Hong Kong are 17.8% and 21.2% respectively(Hong Kong Department of Health 2009). This report will elaborate more on the reasons for obesity and the suggest preventive
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1.0 Introduction Hong Kong is one of the most important tourism destinations in the Pacific Asia region for its unique landscape and shopping convenience. According to statistics‚ a total number of 41921310 people visited Hong Kong in 2011‚ that is 16.4% more compared to 2010 (Hong Kong Tourism Board 2012).Total tourism expenditure was 263142.71 million HK dollars and shopping accounts for most of them because it is the main purpose for individual visitors (Hong Kong Tourism Board 2012). Therefore
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