Bob Iger says there are 'untapped stories just waiting to be brought to life' at Disney Parks with $42 billion going to expand capacity

Feb 07, 2024 in "The Walt Disney Company"

Posted: Wednesday February 7, 2024 5:20pm ET by WDWMAGIC Staff

Speaking at today's Q1 2024 earnings call, Disney CEO Bob Iger commented on the future of the company's theme park business.

Iger said, "Every one of our parks was profitable in Q1, giving us an incredibly solid foundation to build upon as we invest significantly to turbocharge growth in this business."

He continued, "As I've said before, we also have so many untapped stories just waiting to be brought to life in our parks across the globe as we continue to invest in this extraordinary business."

New Disney CFO Hugh Johnston expanded on future investments, saying, "We plan to invest approximately $60 billion into the business over the next 10 years, of which approximately 70% is earmarked for incremental capacity expanding investments around the globe, which we expect to attractive returns."

Disney announced last year its plans to accelerate and expand investment in its Parks, Experiences and Products segment to nearly double capital expenditures over the course of approximately 10 years to roughly $60 billion, including by investing in expanding and enhancing domestic and international parks and cruise line capacity.

Speaking in April 2023 at the Walt Disney Company Annual shareholder meeting, Disney CEO Bob Iger said that Disney plans to spend $17 billion over the next ten years, specifically at Walt Disney World, bringing 13,000 new jobs to the area.

In terms of timing, Iger said that the company is already hard at work at determining where new investments will be placed and what they will be. New additions will start opening in 2025, and there will be a cadence of additional investment and increased capacity every year.

In response to an analyst question about where and when we will see new investments, Iger said, "You can pretty much conclude that they will be all over, meaning every single one of our locations will be the beneficiary of increased investment and thus, increased capacity, including on the high seas where we're currently building three more ships and a business that is obviously extremely positive to us. We may look expansively in that direction. I'm not going to give you more of a sense of timing except that we're hard at work at getting these things basically conceived and built."

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Jrb197917 hours ago

To be fair 20 years ago Cedar Point opened a coaster that was 17 seconds long and it had a 3 hour wait

eddie10418 hours ago

All in your head. 😂

DonniePeverley18 hours ago

Show me on one advert where you saw the quote 'family friendly coaster'. You won't because, there is none that use those headlines. Is family friend, or child friendly just another term/excuse for an attraction being rubbish? You know, build a rubbish attraction (mainly due to cut backs) but spin it by calling it a family attraction. Don't families have a rite to be entertained?

DonniePeverley18 hours ago

Wow. I never thought i'd see someone defend a 20 second brand new roller coaster. You haven't been in Asia. Frozen land, including this coaster is printed all over the place. There was simply no excuse to build this attraction the way they did. You build an attraction as a legacy for 20-30 years. Something went very amiss with it, and we all know the reason.

Sirwalterraleigh18 hours ago

…it’s cute that you think “chappie” had that much pull….

JMcMahonEsq18 hours ago

Every advert for it I have seen/read calls it a "family friendly" coaster, or in official HK website a family friendly carnival coaster. I don't know many carnival rides, or family friendly coasters that are all that long or full of large drops/thrills. The ride itself seems to be a perfect delivery on 1) great frozen themeing; 2) accessible to almost all ages with a very low height requirement; 3) gets up to some speed/trill, but nothing to extreme. To give a subjective example I was forced/blackmailed/guiltripped into riding 7DMT my last trip at MK. I don't like roller coasters/thrill rides, but had to do it, and found it to be basically at my limit of comfort. I did it, made it through and was ok, but i wouldn't want to ride anything "bigger" HK Frozen gives you some of the speed similar to 7DMT, but i thought the drops on 7D were a bit bigger (full admission I haven't checked actual drops on ride, just subjective veiewpoint/feel.) This is the perfect ride for young kids to get into coaster. Great theming, good speed but not going to shake anyone up too badly, and even if your not enjoying it, its not going on so long as to really effect you. Flight of Pandora it is not, but for young kids, to me it beats the hell out of barnstormer or flight of the hippogriff.

DonniePeverley19 hours ago

Even juniors demand more than a 30 second coaster - especially when the hype is so high, and you queue for 2 hours.

Stripes19 hours ago

WDI has been posting a lot of applications for people to submit expressions of interest for roles that suggest major projects are coming to WDW. All of the EOI listings are either for both Glendale and Orlando or just Orlando. Also, LinkedIn is reporting that WDI has grown headcount by 10% in the past 6 months. Here’s the listings currently open, although there’s been more that have since closed.

Gusey1 day 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 day 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.

MisterPenguin1 day 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.

bwr8271 day 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.

DonniePeverley1 day 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.

bwr8271 day ago

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