Disney CEO Bob Iger says the company could build seven new full lands at its theme parks

Mar 05, 2024 in "The Walt Disney Company"

Posted: Tuesday March 5, 2024 1:51pm ET by WDWMAGIC Staff

At today's Morgan Stanley Technology, Media and Telecom Conference, Disney's CEO Bob Iger spoke at length about the company's reorganization and positioning for future growth.

Much of the conversation was dominated by Disney+ and ESPN, but Iger spoke enthusiastically about the parks. "Parks and resorts is a wonderful story," Iger said. Trends for this quarter show that domestic and international parks and experiences business will probably deliver in the neighborhood of low to mid-teens in terms of operating income."

Continuing with the parks, Iger said the company has "entered into a phase where we can start building." He continued, "We have 1000s of acres of lands to develop, we could actually build seven new full lands if we wanted to around the world, including the ability to increase the size of Disneyland in California, which everybody thinks is kind of landlocked by 50%."

"You can look at every single location that we've got and there's land, opportunity, but most importantly, we have so much IP to mine that there's opportunity there to create experiences that we know people will love to have in our parks. So you look at our IP, you look at the land that we have, you look at the math, the demand that exists in the marketplace, and you look at the return on invested capital. It's a no-brainer to invest that way."

Disney has already presented "blue sky" concepts for new lands at Walt Disney World's Magic Kingdom and Disney's Animal Kingdom, and we expect to hear more about those projects soon.

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Gusey1 hour ago

It was originally going to be a sled version of Luigi's Rollickin' Roadsters, but they upgraded it to a themed junior coaster, like the Barnstormer, something the park needed. Frozen in Paris won't get either the coaster or the trackless dark ride, just Frozen Ever After

BrianLo1 hour ago

That would be all well and good if this coaster was cut back… but it wasn’t. The original plans did not call for a second attraction. It was added late in the game and ‘we’ (or at least me), have known it was a Jr coaster for the better part of 5 years. If you want to gripe about something, maybe Universal cloning their bare bones Flying Unicorn over and over and over. People constantly complain that Disney doesn’t build B/C tickets anymore… but when they do (and actually apply effort to them), complain they aren’t a D or E ticket.

MisterPenguin2 hours ago

Oh well. Anyway. Your disappointment at a presumed lack of advertisement that this coaster was a kiddie coaster is off topic for this thread. Good day.

bwr8272 hours ago

Did they cut back, or did they add expense to apply great theming? Maybe the project started as “let’s add a barnstormer” and thanks to the majority owners the imagineers were tasked with making it something more. I agree it’s too bad about what might have been. I’ve always loved family coasters — and this could have been an amazing one.

DonniePeverley3 hours ago

I don't remember seeing 'child coaster' on the adverts they are plastering all around Asia. Even if it is a child coaster there is no excuse for it being 30 seconds, after queuing for a few hours. Child coaster in disney terms is just an excuse for it being 'cheap'. But you know what - that coaster had real potential. You do get some brilliant 30 seconds, and it's absolutely shocking it being that short. You literally come to the end of the ride and universally the whole reaction is 'is that it?' All they had to do was invest in the coaster, and you could have had a worldcass attraction there, but nah always scaling back and cutting back.

bwr82710 hours ago

You described my thoughts - by the great theming I assumed family coaster.

MisterPenguin14 hours ago

That coaster is a child's coaster. Like the Goofy Barnstormer in MK. It is one of the most elaborately themed children's coaster, tho, making people think it's a 'family coaster' like 7DMT or SDD.

Centauri Space Station14 hours ago

Tron is over 1 minute

DisDude2316 hours ago

From what I’ve heard the plan is to launch 4 more ships in the next decade so your math checks out.

monothingie16 hours ago

Forbes reported that financial statements at the time of construction valued the ship alone at $1.6B. The costs for Dream and Fantasy are extrapolated also from reported costs from the 2010s when built adjusted for inflation in 2024 dollars. It was reported that there were significant construction hurdles and expenses caused by primarily by COVID and supply chain issues. I was erring on the side of caution assuming that these were 10-20% of the total cost. But it is possible that it could be higher. There is a questionable source out there that claims the Wish cost Disney $2.4B but that would mean almost 65% cost overruns, which seems really crazy.

bwr82716 hours ago

Just looked up a POV. Wow, you weren’t kidding! So short. Looks like a great attraction if only it were maybe 30 seconds longer.

DonniePeverley16 hours ago

If you think Tron is short, wait till you the Frozen coaster in Hong Kong - there is not even to describe how short that attraction is. Brutal.

BrianLo17 hours ago

Do we have a good source on this? NCL's Leonardo class costs a little over 1 billion from their debt tables. The tonnage is also higher than Triton. Icon is pegged at 2 billion, but that's nearly double the tonnage. It just seems a bit high to me when a lot of the cost is set by the ship builder and there is some industry standardization going on here. PS they are spending 12 billion on DCL, so I guess we'll see exactly what that yields soon enough. If Monothingie is right, then that means just another three vessel class. If costs are a bit lower then 4-6. I really expect the next class to be announced soon-ish.

Bocabear18 hours ago

It is an awesome canopy...for sure...