China Mad For Star Wars,But For How Long?

China may be having stock market troubles,but it's people have gone out and spent their entertainment dollars anyway.Disney's Star Wars had a more than 53 million dollar opening in China-the largest film opening ever.*
You can't walk into a mall without running into Star Wars,it's been said.Our gross box office there is up 54% on the year,said Richard Gelford,CEO of Imax Corporation.I think there's a disconnect between the market and consumer discretionary in China.Star Wars had a more than 8.1 million Imax opening.We were up about 6% in China last night.We get real time feedback from a thousand theatres worldwide,Mr.Gelford explained.*
China has a massive buildup in debt,added Ruchir Sharma of Morgan Stanley Investment Management.Just when exactly this leads to a meltdown is hard to predict;but this is the main threat faced by the global economic community.The Chinese economy has become so large and important today.*
In the US, what we're looking for in 2016 is that growth forecasts will come down by a percent to just 1.5%.If you look at the history of commodity prices,they spend a long time,15-20 years,correcting the excesses.What you can expect is,an extensive trading range.I doubt we'll get much beyond 10-15% down.We'll probably get back to 40-50 dollar oil and languish there for a long time.*
Walt Disney (DIS),Imax Corp (IMAX),Morgan Stanley (MS)

Disney's New Theme Lands Unveiled at D23 EXPO

On Saturday 15 August at the Disney D23 EXPO in the Anaheim Convention Center,Disney CEO Bob Eiger revealed the company's plans to build a Star Wars Land at both Disneyland in Anaheim,California and Walt Disney World Resort in Orlando,Florida:
We are creating a jaw-dropping new world that represents our largest single-themed land expansion ever.These new lands at Disneyland and Walt Disney Word will transport guests to a whole new Star Wars planet,including an epic Star Wars adventure that puts you in the middle of a climactic battle between the First Order and the Resistance,Mr.Iger said.The lands,on 14 acres each,will include the ability to take the controls of one of the most recognisable ships in the galaxy,the Millenium Falcon,on a customised secret mission.*
Disney bought Star Wars creators Lucasfilm Ltd in 2012 for four billion dollars.The next installment in the saga,Star War Episode VII:The Force Awakens will hit the theatres on 18 December in hopes of drawing in both older fans and a new generation of enthusiasts.The new film,starring original cast members such as Harrison Ford,Mark Hamill and Carrie Fisher,as well as new actors,has been estimated to have a box office potential of 1-2 billion dollars.*
Walt Disney Company (DIS)