Disney plans to invest $60 billion in its parks over the next decade, doubling its previous investments.
Disney plans to invest $60 billion in its parks over the next decade, doubling its previous investments.
Disney Plans $60 Billion Expansion of Parks and Attractions
Disney has announced plans to invest a whopping $60 billion over the next 10 years in expanding and enhancing its theme parks and cruise line capacity. This investment, which is double the initial plan, will focus on generating strong returns through new attractions and experiences both domestically and internationally.
The expansion announcement comes hot on the heels of Disney’s recent updates and changes at its parks. The Magic Kingdom, in particular, is set to undergo “the largest ever” expansion plans. Even greater in scale than Star Wars: Galaxy’s Edge and Pandora – The World of Avatar, this new expansion aims to push the boundaries of imagination. While no specifics have been released yet, Imagineers are hard at work researching and planning this grand undertaking.
Animal Kingdom’s Dinoland U.S.A. area is also slated for a makeover, drawing inspiration from the Encanto and Indiana Jones films. The new theme will have a “tropical Americas” vibe, featuring various biodiverse areas. Although no completion date has been given, Walt Disney Imagineering Chief Creative Officer Bruce Vaughn assures us that the Florida-based Imagineering teams are up to the challenge.
It’s no surprise that Disney is making such a substantial investment in its parks division. Despite the company’s legal battles and streaming woes, the parks have consistently been a major source of revenue. In the third quarter alone, Disney’s parks division reported a 13% increase in revenue, reaching an impressive $8.3 billion.
This significant investment can also be seen as a response to the massive expansion plans of rival theme park Universal Studios, set to launch in 2025. Disney is determined to maintain its position as a leader in the industry and provide unparalleled experiences for guests.
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More details about the expansion plans will be unveiled at Disney’s investor day. Investors and fans alike are eagerly awaiting the announcement, looking forward to the park’s future developments.
With this ambitious investment, Disney is not only securing its position as a global entertainment powerhouse but also ensuring that their parks continue to be the happiest places on Earth for many years to come.
