Walt Disney Company plans to spend $17 billion at Walt Disney World over the next ten years

By WDWMAGIC Staff · Monday April 3, 2023 2:21pm ET · "The Walt Disney Company"
Walt Disney Company plans to spend $17 billion at Walt Disney World over the next ten years

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Bob Iger at Walt Disney World

Bob Iger at Walt Disney WorldBob Iger at Walt Disney World

Speaking today at the Walt Disney Company Annual shareholder meeting, Disney CEO Bob Iger briefly touched on future spending plans.

Notably, Iger said that Disney plans to spend $17 billion over the next ten years in Walt Disney World, bringing 13,000 new jobs to the area. It is rare for executives to speak about longterm plans, so today's comments are very interesting. He of course did not elaborate on where exactly that expenditure would take place.

The Disney CEO made the comment in response to a question about Disney's ongoing battle with Florida Governor Ron DeSantis.

In his first public statement on the situation with DeSantis, a resolute Iger made it clear that he views the position of the governor as "retaliating against Disney" for its opposition to the Parental Right Bill. And he added that the Governor's response "Seems really wrong to me," and that, "a company has a right to freedom of speech."

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That’s nothing. I spent that a few weeks ago on Genie+ and ILLs 😂

All jokes aside, that sounds promising but…we’ll see. Adding many more jobs sounds like expansion somewhere
Ahhhh…more PR.

The counteroffensive has begun!!!
🏰
↩ replying to Sirwalterraleigh
Remains to be seen whether its just PR or actually happens.

Some would label it as an 'announcement'. But I know thats not your schtick.
↩ replying to Kamikaze
Sounds like a lot of money, doesn’t it???

…are you convinced it is?
↩ replying to Sirwalterraleigh
It is - don't try to spin it like its not.
But of course it needs to be spent correctly.
Did he clarify the 17 billion is in addition to regular operating costs?
↩ replying to Kamikaze
Therein lies the problem. Or at least the biggest unknown
I'm sure a good portion of that will be the New Imagineering Campus @ Lake Nona
↩ replying to SplashZander
Ah, so that’s why they’re busy
↩ replying to SplashZander
Probably coming out with a new popcorn bucket or cupcake soon
I also can say I have plans to spend $17 billion.
↩ replying to tallica
Galaxy’s Edge added about 1600 operational jobs.

Iger outlined an increase of 13,000 jobs or roughly 8 times as many jobs than Galaxy’s Edge added. Sure, some of these will likely be the new campus, but new capacity is coming.
↩ replying to SplashZander
Dvc kiosks
↩ replying to GhostHost1000
How many people have hid under one during a rain storm and ended up buying in?
↩ replying to wdwmagic
I love this! TWDC is saying this to get on the good side of the folks who live in FL, to be seen as the good guy and RonnieBaby is the bad guy.

Well played Disney, well played.

Will they spend that much? That’s a lie exaggeration but that’s OK, it’s all part of the game.