*Disney's price-cutting

Time for a mouse break? Anyone who lives in Socal ZIP codes 90000 to 93599 can visit Disneyland and California Adventure over two days for $69. The promotion runs between now and June 3, which is typically a slow time in the theme park business - likely to be even slower this year. Actually, Disney has been offering special deals to locals for years, in good times and bad, so the discounts aren't directly tied to the recession. That said, Bernstein Research analyst Michael Nathanson forecasts a 5 percent drop in Disney theme park revenues and a 22 percent decline in profits in fiscal 2009. In the past, theme parks have been able to ride out economic storms through new gates, higher ticket prices and overseas expansion. But things are apparently too far gone to rely on those offsets. (Register, Seeking Alpha)

*Disney and the Shanghai municipal government have signed a project proposal for the company's first mainland theme park. Under the plan, Disney would take a 43 percent equity stake in Shanghai Disneyland while a joint-venture holding company owned by the local government would own 57 percent, according to the WSJ. They're looking for the park to open as early as 2014 at a cost of $3.59 billion.