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Wanda hires ex-Disney exec for theme parks
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CHINESE conglomerate Dalian Wanda has hired a senior former Walt Disney Co executive to lead its theme park business, a person with direct knowledge of the matter said yesterday, ramping up the rivalry between the two firms.
Wanda, which is planning to build dozens of entertainment complexes and theme parks around China, has hired Andrew Kam to lead its charge in the market. Kam was the CEO of Hong Kong Disneyland Resort until earlier this year.
“He is hired as the vice president of Wanda culture group and will be the head of the theme park business line,” the person said, asking not to be identified because he was not authorized to speak to the media on the matter.
Wanda’s head Wang Jianlin said earlier that Disney’s newly opened Shanghai resort would not be able to compete with his “wolf pack” of parks.
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