US-based entertainment giant pins hopes on China theme parks

The hectic traffic at the Shanghai Disney Resort was among the few bright spots to partially offset the earnings drop suffered by The Walt Disney Co, which posted slack first-quarter revenue dragged by its cable businesses at home.

Among the four pillar businesses of the entertainment conglomerate, Parks and Resorts was the only segment that saw both revenue and operating income expand, by 6 percent and 13 percent, respectively, the California-headquartered company said.