Disney has confirmed that they are embarking on a huge $60 billion expenditure plan for Disney, Parks, Experiences, and Products over the next ten years.
This business segment includes Disney’s domestic and international parks as well as its fleet of cruise ships. With Disney effectively doubling its spending on theme parks over the next decade, we can expect a lot of changes and announcements in the near future.
From villains and Coco-themed lands in the Magic Kingdom to Indiana Jones, Encanto, and Zootopia at Disney’s Animal Kingdom, Disney has many concepts about what they want to do with their next phase, but not a lot of solid plans yet.
However, Parks chairman Josh D’Amaro recently made some comments that give a hint at the company’s overall plan, saying that Disney is looking to specifically develop attractions based on content they haven’t used before.
“In terms of bringing the latest Disney-Marvel-Pixar intellectual property to the parks, we haven’t come close to scratching the surface. And we have learned that incorporating Disney I.P. increases the return on investment significantly,” D’Amaro said. He added Frozen “could have a presence at the Disneyland Resort,” and “Wakanda has yet to be brought to life. The world of Coco is just waiting to be explored.”
At least $17 billion of the aforementioned $60 billion has been set aside specifically for Walt Disney World. In a statement, Disney said the company has “over 1,000 acres of land for possible future development to expand theme park space across its existing sites – the equivalent of about seven new Disneyland Parks.”
The next ten years are going to be exciting for Disney fans, as the company gears up for its biggest theme park investment in the modern era.