The Oriental Land Company


The Oriental Land Company
Oriental Land Group Logo

The Oriental Land Company, Limited (株式会社オリエンタルランド Kabushikigaisha Orientaru Rando?) TYO: 4661 is a Japanese leisure and tourism corporation headquartered in Urayasu, Chiba, Japan.[1] The company owns the Tokyo Disney Resort in Urayasu. The main shareholders of the company are Keisei Electric Railway and Mitsui Fudosan. The company also owned and operated all Disney Stores in Japan until April 2010 when the company sold the stores back to Disney.

The company was originally focused on improving leisure opportunities in Japan, such as building swimming pools and gyms. It approached The Walt Disney Company in 1980 to finance the first international Disney park. After Tokyo Disneyland was opened in 1983, the Oriental Land Company decided not to sell the park back to Disney. Walt Disney Attractions Japan pays Disney for character and likeness licenses, and Disney leased their Imagineers to the company to design and build Tokyo Disneyland, as well as a second theme park, Tokyo DisneySea, which opened in 2001.

In October 2008, the Oriental Land Company announced that it had shelved plans for a new Disney complex in Fukuoka, Japan. The company and Disney had spent more than a year studying an urban-style amusement facility for 2010 or later, but decided that the expected investment return would not justify the project.[2] The firm said it would continue to explore possibilities for a new business, which might not involve Disney.

Corporate Assets

References

  1. ^ "Summary." OLC Group. Retrieved on October 1, 2009.
  2. ^ Reuters, Oct 7, 2008

External links


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