Shanghai Disneyland set to break even

Fireworks dazzle crowds at Shanghai Disneyland, in a bid to celebrate the attraction's first anniversary on Friday. [Photo/VCG]

US entertainment giant Walt Disney looks to have hit the ground running in the world's largest consumer market, with Shanghai Disneyland on track to achieve break-even in the first year of operation, CEO Robert Iger said on Friday.

That is the first such achievement among Disney's recently built facilities, Iger said.

The conglomerate's latest and most expensive investment, which has received more than 11 million visitors, marked its first anniversary on Friday.

The Shanghai resort also reported its first profitability in the fiscal quarter that ended on April 1.