Disney going Red

[Moonliner]

Disney plans to build Shanghai theme park

LOS ANGELES (AP) - The Walt Disney Co. said Friday that it was going to submit a plan to build a new theme park in China in a joint venture with the Shanghai government.
The family entertainment giant released a statement confirming its plans at about the same time as The Wall Street Journal released a story on its Web site that said Disney was working with Shanghai to build a $3.59 billion park to open as early as 2014.