Disney Denies Plans for Malaysia Resort

Walt Disney, Corp., denied claims that it's exploring the possibility of building a new resort in Malaysia. Widely circulated media reports quoted Malaysian government officials early Wednesday as saying they were in talks with Oriental Land Company over the placement of a new amusement park in the Southeast Asian nation. Oriental Land Company owns and operates Disney's Tokyo theme park. But Disney officials said Wednesday that Oriental Land Company has no authority to speak—or deal for—the company on issues outside of Japan. A bulletin issued by Disney reported as follows: "There are no existing discussions in Malaysia and we currently have no plans for a Disney-branded resort development in that country. Oriental Land Company, which owns and operates Tokyo Disney Resort as our licensee, is a valued partner; however, they have no role in evaluating or negotiating other opportunities for Disney outside of Japan."

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