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Disney to Increase Investment in Chinese Theme Park, Resort

Walt Disney said on Monday it has struck a deal with its Chinese joint venture partner to increase investment in its upcoming resort and theme park, Shanghai Disney, by an additional $800 million. The expansion comes with an eye on China's fast-growing entertainment and media market, which is expected to grow to $148 billion by 2015 from around $120 billion in 2013, according to PricewaterhouseCoopers' outlook for the global entertainment and media business...

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