I think Hong Kong Disneyland might succeed.I'm putting this here in the Politics section because I don't know where else it could go. But I've been thinking...
China is currently not doing well politically or financially. The Chinese economy is slowing down very fast by even official estimates. Chinese car sales just crashed 15% in May after a year of smaller monthly declines, for example, and that's the official government figure. Privately many Chinese economists and observers say that the economy is much weaker than the government is admitting.
It is also increasingly politically incorrect for Chinese firms and consumers to do business with American firms, and that trend could get much more aggressive from the Chinese after the G20 summit later this month. The Chinese Communist Party is already going after prominent American companies doing business in China, like the recent government investigations and fines levied against FedEx and Ford Motor Company.
In Hong Kong, just over 1 million people flooded the streets this past Sunday to peacefully protest a Beijing backed law that they fear will allow Hong Kong citizens to be extradited to China for political or thought crimes.
Today the mass protests in Hong Kong turned violent and the police used rubber bullets and water cannons on protesters armed with umbrellas.
In short, the Disney park in mainland China at Shanghai is a glaring example of American culture in a country where it's suddenly politically incorrect to use or purchase American culture. And the other Disney park in Hong Kong, already suffering from years of low attendance, is in a city that is becoming a battleground for the future of Chinese expansion and oppression.
Neither of these two Chinese trends, both political and financial, bode well for the future of Shanghai Disneyland Resort or Hong Kong Disneyland Resort. The impact may be short-term and only last a year or two, or it could be something that lasts a decade or more.
I wonder how long Disney's two theme park properties in China can survive without coming under the scrutiny of the Communist Politburo in Beijing? The prospects for either park don't seem very bright right now. What happens if the Communists turn on Mickey Mouse and make an example of China's Disneylands? How would Iger and the Walt Disney Company respond I wonder?