Disney to build 'Avatar' attraction in theme parks
GLENDALE, Calif. (AP) - September 20, 2011 (WPVI) -- The Walt Disney Co. said Tuesday that it has agreed on an exclusive deal to build attractions based on James Cameron's "Avatar" at its theme parks, starting with its Animal Kingdom park in Orlando, Fla.
Construction is set to begin in 2013 and is expected to be finished about three years after that.
The "Avatar" attraction is to be an immersive land spanning several acres and will cost less than half of the estimated $1 billion it cost to expand Disney California Adventure Park, or around $400 million.
CEO Bob Iger made the announcement at a news conference on Tuesday.
Cameron, who is working on the second and third installments of the top-grossing film of all time, said the attractions would be a way to bring the lush world of Pandora to life, and would include animatronics and potentially multimedia shows that use 3-D and holographic technology.
"This is a pretty darned exciting project," Cameron told reporters.
Walt Disney shares rose 30 cents to $32.81 in afternoon trading Tuesday.
disney, movies, entertainment
Also SeeMore:Bizarre News
- Mike Schmidt reveals skin cancer battle 42 min ago
- AccuWeather: Tracking light snow tonight
- Get the 6abc StormTracker app
- WATCH: Action News Online
- NJ state police trooper among 3 injured in crash
- Malaysian police examine pilot's flight simulator
- Police: Driver, who hit pedestrian, hit by car 11 min ago
- Police: Man strikes own brother in hit and run
- Berks County man stabbed to death in Bahamas 29 min ago
- 2 men, sitting in SUV, shot in Chester
- Victim critical after stabbing in Frankford
- 2 women injured in Overbrook fire
- Crimea votes on Ukraine secession
- Book 'em! Wilmington cop donates books to kids
- Police: Driver, who hit pedestrian, hit by...
11 min ago