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Disney Goes Native in New Markets

No more force-feeding US product in India, China, Latin America

By Colleen Barry,  Newser Staff

Posted Jun 11, 2007 7:19 AM CDT

(Newser) – The Walt Disney Co., failing in its efforts to sell American product in foreign markets, is retooling its overseas strategy to partner with local players.  With an eye on five enormous markets—India, China, Latin America, Russia, and South Korea—the entertainment icon is abandoning its go-it-alone approach to produce television, film and merchandise customized for local tastes.

"We're building Disney from scratch," says CEO Robert Iger, who says the goal is  earning 50% of the company's profits from foreign markets. The company will announce today a venture using local filmmakers and the voices of Bollywood stars for animated films in India, where the population under 14 years old is bigger than the entire U.S. population.

Mickey Mouse
Mickey Mouse   (Archive Photos)
DisneySea Tokyo begins its Christmas festivities.
DisneySea Tokyo begins its Christmas festivities.   (Getty Images)
Grand Opening Of The Twilight Zone Tower Of Power
Grand Opening Of The Twilight Zone Tower Of Power   (Getty Images)
FILE PHOTO Disney President Robert Iger Holds Press Conference
FILE PHOTO Disney President Robert Iger Holds Press Conference   (Getty Images)
Disney CEO Robert Iger
Disney CEO Robert Iger   (Getty Images)
Disney CEO Robert Iger
Disney CEO Robert Iger   (Getty Images)
Uma Thurman wears mouse ears with a pirate spirit at the Magic Kingdom in Lake Buena Vista, Fla. with Minnie Mouse.
Uma Thurman wears mouse ears with a pirate spirit at the Magic Kingdom in Lake Buena Vista, Fla. with Minnie Mouse.   (Associated Press)
A Mickey Mouse toy sits in the middle of Main Street USA.
A Mickey Mouse toy sits in the middle of Main Street USA.   (Getty Images)
Disney characters Mickey (L) and Minnie Mouse, wearing kimonos.
Disney characters Mickey (L) and Minnie Mouse, wearing kimonos.   (Getty Images)
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