Disney Plans $60B Expansion of Theme Parks Business

“Does the state want us to invest more, employ more people and pay more taxes or not?” Iger said at the time.

In a presentation to investors at Disney World on Tuesday, the company said that it had more than 1,000 acres of land available for development, including at Disneyland in California, Walt Disney World in Florida, its theme parks in France, China and Japan, and cruise ship ports in the U.S., Asia, and Australia.

“Today, as Disney considers future growth opportunities, there is a deep well of stories that have yet to be fully explored in its theme parks,” the company said in an investor briefing, adding that it plans to “explore even more characters and franchises, including some that haven’t been leveraged extensively to date,” at its parks around the world.

“As previously announced, over the next two years, Disney will nearly double the worldwide capacity of its cruise line, adding two ships in fiscal year 2025 and another in 2026, delivering even further growth potential and introducing new markets to Disney experiences, including a new homeport in Singapore beginning in 2025 to expand its reach further into the Asia-Pacific region.” the company wrote.

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Disney plans to speed up and expand investment in parks and cruises businessThis is breaking news. Please check back for updates.
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Disney plans to nearly double its investment in parks and cruises businessDisney's theme parks have been a relative bright spot while the entertainment giant struggles to make a profit on streaming.
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