Agreement Reached on Plan for Largest Ever Tokyo DisneySea Expansion Project, Opening in 2022;The Walt Disney Company Licenses Extended
URAYASU, CHIBA—Oriental Land Co., Ltd. announced that an agreement has been reached with The Walt Disney Company on plans for developing a new themed port at Tokyo DisneySea®, which will also include a new Disney hotel. With this agreement and upon the completion of the Tokyo DisneySea and Tokyo Disneyland® expansions, the licenses for the Disney theme parks and other key licenses between The Walt Disney Company and Oriental Land, which currently run until 2046, will be extended to 2076.
The expansion at Tokyo DisneySea will create an eighth themed port that is inspired by a magical spring leading to a world of Disney fantasy.
The themed port will be comprised of three distinct areas recreating the worlds of the Disney films Frozen, Tangled and Peter Pan, as well as a deluxe hotel with a one-of-a-kind luxury wing that will be the most luxurious accommodations ever at Tokyo Disney Resort®.
Also, four new attractions will be developed just for this expansion. Operations are projected to begin in fiscal year 2022*.
Oriental Land will invest about 250 billion yen in this project, the largest additional investment to date for existing facilities.
Together with the large-scale enhancement of Tokyo Disneyland, scheduled to start operations in 2020, this new project marks a major step in the evolution of Tokyo Disney Resort into a one-of-a-kind themed resort where Guests will enjoy even more magical
experiences.
http://www.olc.co.jp/en/news/news_olc/20180614_01e/main/0/link/20180614_01e.pdf
Tokyo DisneySea to Expand by 20 Pct – JIJI PRESS