After a decade of planning and five years construction, The Walt Disney Company is set to open the Shanghai Disney Resort in the spring. The $5.5 billion project is a testament to the growing interest in bringing American entertainment brands to Chinese consumers. The 963-acre theme park, complete with an Enchanted Storybook Castle and a Mandarin version of “The Lion King” musical, is expected to be one of the largest Disney parks in the world. Disney already operates a park in Hong Kong. Continue reading Disney Plans June Opening for its New Theme Park in China

Two virtual reality headsets are generating the most attention at the E3 confab in Los Angeles this week — Facebook’s Oculus Rift and Sony’s Project Morpheus. Both are expected to launch commercially during 2015, and may represent a significant business opportunity for producers of immersive entertainment. In addition to the gaming community, Hollywood is expressing strong interest. In fact, many media producers see VR as the next big revolution in entertainment. Continue reading E3 2014: Oculus Rift and Project Morpheus Lead VR Revolution