Disney confirmed last year that it would embark on a massive $60 billion spending plan on Disney, parks, experiences and products over the next decade.
No details were available at the time, said Josh D'Amaro, president of Disney Parks, Experiences and Products. “We have a proven track record and an ambitious growth story backed by a bold vision for the future of the Parks business.” In a statement last February. CEO Bob Iger echoed this sentiment, saying the investment will: “All growth.”
Now, almost six months later, we finally know where most of this money is going, and unfortunately, it looks like only half will be spent on theme parks.
Disney outlined a 10-year budget for the project in its SEC filing.
A financial document outlining Disney's 10-year investment plan shows that of the total $60 billion, $30 billion will be allocated to theme parks and resorts, $18 billion will be allocated to technology and maintenance, and $12 billion will be used to fund new Disney cruises. Confirmed. ships. $30 billion allocated to theme parks “Magical new experiences and improvements to existing infrastructure” According to SEC filings.
Many wondered how Disney would respond since Universal was a clear threat to them, but now we know that at least $17 billion of the aforementioned $60 billion has been earmarked specifically for Walt Disney World to build new attractions. I know there is.
Check out the full presentation for more details. here.
What will Disney make with this new investment… and where?
In a statement, Disney said the company “More than 1,000 acres of land for future development to expand theme park space throughout the existing site. This equates to approximately seven new Disneyland parks.” But Bob Iger did not confirm exactly where he would build with the newly allocated cash.
When asked during his presentation when and where this money would be spent on theme parks, Iger said: “We can conclude that it will all come to an end, which means all of our locations will be beneficiaries of increased investment.”
Clearly, Disney isn't ready to officially announce anything just yet. But we're guessing that'll all change when Disney holds a big event in about five months.
We expect to see a lot of announcements at the next D23 Expo.
We don't expect anything to be announced in the near term, but D23 Expo 2024 is scheduled to take place this August and it seems very likely that whatever big plans Disney has in store for the theme park will be announced then.
New rides rumored for Disneyland, Disney's Animal Kingdom, and even the Magic Kingdom based on popular IPs like Moana, Indiana Jones, Zootopia, and Coco. , and it's almost certain that the attraction will be officially announced. We also expect to get new, new attractions at international locations like Disneyland Paris and Shanghai Disneyland.
We don't know exactly what Disney will announce in August, but it might finally be enough to get some momentum going to get fans excited about the long-awaited next chapter.