Japan’s Maglev Corridor Advances, Setting Stage for $2tn Economic PowerhouseTransportation
Tokyo-Nagoya-Osaka line likely to reshape region home to 66 million
The Linear Chuo Shinkansen will cut travel times between Japan’s biggest cities to less than half the current fastest options. (Central Japan Railway)
YUKA FURUBAYASHI, HIROKI AKAHORI, RYO IIZAKU
TOKYO/NAGOYA/SHIZUOKA, Japan — Japan’s plan to construct an ultra-fast magnetic levitation rail link between Tokyo, Nagoya and Osaka has moved closer to fruition following approval from a local governor, raising public- and private-sector expectations for a sprawling new economic zone.
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- Shanghai Disneyland Becomes Disney’s Most Profitable International Resort with $516 Million in Cumulative ProfitsShanghai Disneyland is Disney’s highest earning international resort. (Photo by VCG/VCG via Getty Images)VCG via Getty ImagesShanghai Disneyland has become Disney’s most profitable international theme park resort, generating over $500 million in cumulative profit payouts since opening in 2016. The resort delivered $516.2 million in total profits, surpassing Disneyland Paris as Disney’s highest-earning international outpost outside the United States.The success stems from Disney’s decision to create an authentically local experience rather than replicating its American parks. The resort features customized attractions, unique food offerings, and design elements tailored specifically for Chinese visitors. This approach has proven highly effective, with the resort welcoming its 100 millionth guest in November 2023 and announcing plans for a third on-site hotel.In 2024, attendance rose 5% to 14.7 million visitors, ranking it as the world’s fifth-most visited theme park. This surge was driven by the debut of Zootopialand, a new themed area based on the Oscar-winning film that performed exceptionally well in China, where it captured 23.1% of its $1 billion global box office.Shanghai Disneyland has surged in popularity since the opening of its ‘Zootopia’ land. (Photo by Tang Yanjun/China News Service/VCG via Getty Images)China News Service via Getty ImagesThe resort operates as a public-private partnership between Disney and China’s state-owned Shanghai Shendi Group, with Disney holding a 43% stake in the resort company. Through its 70% ownership of the management company, Disney receives royalties and performance-based management fees. Financial filings from Disney’s UK subsidiary reveal dividends peaked at $122.7 million in 2025, representing a significant recovery from pandemic-era lows.Other international parks tell a different story. Disneyland Paris has rarely returned profits, with its last significant dividend occurring in 1993. Tokyo Disneyland generates royalties but no profit sharing due to Oriental Land Company’s ownership structure. Hong Kong Disneyland showed improvement with a $107.8 million profit in 2024 following its Frozen-themed land opening, but still lags behind Shanghai’s performance.Dividends paid by Shanghai Disneyland’s holding companyMSMThe Zootopialand attraction features cutting-edge technology including a roving simulator ride and over 260 merchandise items. The resort sold more than 532 tons of pink paw-shaped pawpsicles, demonstrating the success of Disney’s localized merchandising strategy. A sequel to the film further strengthened the partnership, becoming the highest-grossing Hollywood release in Chinese history with $630 million in box office revenue.Zootopia fans can try real-life pawpsicles in Shanghai Disneyland. (Photo by Tang Yanjun/China News Service/VCG via Getty Images)China News Service via Getty ImagesThis financial success has reinforced Disney’s commitment to international expansion. The company allocated $60 billion for theme park investments through 2033, with Shanghai serving as a model for future developments. A new Spider-Man-themed roller coaster is set to open in Shanghai, and plans for a second park in the resort are progressing.Despite receiving $516.2 million in profits, Disney’s total investment of approximately $5.5 billion means the company is still recouping its initial capital expenditure. The partnership structure required Disney to fund roughly 43% of the resort’s construction costs, making it a patient but potentially rewarding long-term investment.
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