Google Inc was among investors in the Disney-led consortium, according to three sources.

The consortium planned to buy a stake of between 30 and 40 percent in Bus Online for more than $100 million via a purchase of old and new shares to be issued by the company in private placements, said the sources.

Senior executives of Disney are expected to fly to Beijing to meet Chinese media regulators to discuss Disney’s long-term development plan in China including the Bus Online deal, said another of the sources.

Google was expected to take only a small stake in the Bus Online deal, while Disney aimed to take the greater part, said the sources, adding that no agreement had been signed yet.

Yum! Brands’ fried chicken restaurant chain KFC would sign a deal with Bus Online to allow the Chinese company to set up screens in KFC’s more than 2,000 outlets across China, said the sources.

Disney expected to provide media content to Bus Online for its partnership with KFC in China on the condition that Disney and Bus Online agreed on the equity stake investment first, they said.

Source : Konaxis

The National Development and Reform Commission said in a notice Tuesday that the long-awaited park would be built, as expected, in Shanghai’s eastern Pudong district.

It said the project would initially occupy 116 hectares (287 acres) of land ? a bit more than half the size of the Los Angeles park and potentially the smallest of the Disney theme parks worldwide. Even the Disney park in Hong Kong occupies 126 hectares (311 acres).

Shanghai, China’s biggest city, and Disney have yet to announce final details for the amusement park. But it is likely to open the park in phases, and perhaps expand it later, as has the Disney theme park in Hong Kong, once business is established.

Disney has said the initial phase of the project would include a Magic Kingdom-style park tailored to the Shanghai region, mainland China’s commercial and financial hub. Plans call for it to open in 2014.

Disney has gradually expanded its presence in mainland China after opening a theme park in Hong Kong in 2005 and now has offices in Shanghai, Beijing and Guangzhou.

Shanghai is in the midst of a construction boom ahead of the World Expo, which will open May 1.

Source : Konaxis

The company has a capability of annually outputing 5000 minutes international standards animations, and in animation industry it owns both the State Administration of Radio Awarded “national animation industrial base” and the Ministry of Culture Awarded “National Cultural Industry Model Base”.

The company has a mature and highly efficient production management system and directoring planning team with extensive experiences, providing services for prior, during and post-production. The company produced a large-scale original animation ” A pig named Zhu Ba Jie falling down from the sky” which won Beautiful Monkey Award series Special Award in the second China International Animation Festival and Excellent full-length art film Award in the twenty-third China TV Golden Eagle Award.

At present, in the field of animation industry chain operations, the company relies on the domestic market in order to develop independent brands derivatives through brand authorization and marketing channels, for formation of animation derivatives industry chains including television broadcasting, terrestrial brand promotion, animation book publishing, cartoon Brand authorization, and R & D and exclusive sales of derivatives. In 2008, under the international financial crisis background, the company’s main income business remained steady growth.

To enhance the creative capacity of original planning as core competitiveness, Jiang Tong Animation is committed to the introduction of more market appealling national animation brand, and strives to build the company as one of China’s leading animation content providers, one of China’s leading animation production bases.