Disney doubles theme park investment to $60 billion over next decade
Disney is doubling down on its investments in Disneyland, Disney California Adventure and other theme parks around the world to the tune of $60 billion over the next decade, the company announced at an investor summit.
The Disney Parks, Experiences and Products division will nearly double its investment in domestic and international theme parks and cruise ships, the company announced on Tuesday, Sept. 19 during a conference with Wall Street analysts and investors at Walt Disney World in Florida.
SEE ALSO: What is driving Disney’s theme park expansion plans?
Disneyland has already announced plans for a new Marvel E-ticket dark ride in Avengers Campus and an Avatar experience that Walt Disney Imagineering is working on with producer James Cameron.
“The parks business serves as a powerful platform where Disney’s beloved stories come to life in innovative ways and where fans across generations and geographies can connect with and explore the Disney brands and franchises they love, from Avatar to Zootopia, and everything in between,” according to a Disney press release.
SEE ALSO: Disneyland may bring back PeopleMover and Skyway for theme park expansion
Disney’s most recent major investments in the Anaheim theme park resort have included Star Wars Galaxy’s Edge at Disneyland in 2019 and Avengers Campus at Disney California Adventure in 2021.
Disney hopes to get approval in 2024 for a massive project dubbed DisneylandForward that lays out long-term plans for theme park, retail and parking expansion at the Disneyland resort.
SEE ALSO: D23 Expo expands to Disneyland and Honda Center in 2024
DisneylandForward has dangled the Zootopia land coming to Shanghai Disneyland and the Frozen lands coming to Disney parks in Hong Kong, France and Japan as potential expansion projects in Anaheim.
“Disney will explore even more characters and franchises, including some that haven’t been leveraged extensively to date, as it embarks on a new period of significant growth domestically and internationally in its parks and resorts,” according to a Disney press release.
While 100 million people a year visit Disney theme parks around the world, Disney’s internal research shows there are 700 million more with a “high Disney affinity” who have not yet visited a Disney theme park.
Disney will have more to announce about its theme parks business at the end of the investor summit.