Disney CFO says its planned $60 billion parks and experiences investment will ramp up in the back half of the next ten years

Nov 08, 2023 in "The Walt Disney Company"

Posted: Wednesday November 8, 2023 5:15pm ET by WDWMAGIC Staff

Disney's Interim CFO Kevin Lansberry has shed more light on Disney's previously announced plans to invest $60 billion in theme parks and experiences over the next ten years.

Lansberry said that while domestic parks and experiences is expecting solid growth for the next year, that growth will occur towards the end of 2024 due to continued comparisons in the first half of the year from the 50th anniversary at Walt Disney World and inflation.

He reiterated Iger's comments that the company continues to be bullish about the parks with plans to make significant investments over the next ten years to turbocharge growth in this area.

The outgoing CFO said to "expect those investments to ramp up towards the back half of that 10-year period with more gradual increases in the first few years."

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.

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flynnibus4 days ago

Non-sense... if you think employees are just things that just show up regardless of the value of the shift and such patterns have no impact.. you deserve the crappy turnover you will have. Employees have a ROI for a job too... if you ignore that fact, you won't retain employees.

Communicora4 days ago

It's more fun than Smugglers' Run, so they'd better keep it!

JD804 days ago

Put it this way, I have a family of 5 and my WDW trips are massively expensive. I don't know your personal story, but if you're there solo or with a smaller amount of people, then your trips are much cheaper than mine. So you can take that as a trade off! :D

Magenta Panther4 days ago

If they can bring in the Mandalorian, then they can bring in Luke Skywalker, Han Solo and Princess Leia as well.

Magenta Panther4 days ago

What really burns me is that Shanghai gets a new Peter Pan ride, and Tokyo gets a new Peter Pan ride, but we Yanks here in the States are stuck with an old, creaky Peter Pan ride that was built in 1955. Again, it is to weep.

Vegas Disney Fan5 days ago

It’s a shame they don’t add more missions to Falcon, our last trip we did Star Tours and our entire vehicle cheered when the Mandalorian scene started, everyone was so excited, the primary benefit of a screen ride is the same ride can feel totally new.

BrianLo5 days ago

I on the other hand have been an Engineer 80% of the time for strangers and a gunner 15% of the time. I have just once driven, it's getting tiresome.

JD805 days ago

Falcon is one of my favorite rides because being able to sit in the cockpit and pull that lever that gets you into hyperspace is just a :chefkiss: moment for me and my kids that it's almost worth the price of admission in to the park. My family has done Falcon over and over because of that.

BrianLo5 days ago

It just doesn't hold up to re-rides as well as a result. But I agree that my most memorable rides are always with first timers who suck. I think it just needs more missions as its chosen one isn't the greatest profile. One of the other ways to fix it would have them go off script for 20-25% of the run time or so and transfer the flight controls to the other positions briefly. It just really is a dichotomous experience with the positions, unless you are laughing at a loved one drive for the first time. Transferring the flight controls briefly would also lead to even more hilarity.

Nubs705 days ago

For arguments sake, I could get a job that is 9 hours away from home. I could only get an hour from the office. I could get a full time wage and never show up.

JMcMahonEsq5 days ago

No one cares where you decide to live or how long it takes you to drive to work. You get paid for the hours your working

Captain Barbossa5 days ago

The Springs Amazon drone show and the Dora the Explorer Live on…..….I mean Encanto Sing-A-Long coming to Epcot are going to knock your socks off!

yensid675 days ago

4 hour shifts? That would not be worth driving thru Orlando traffic, just to work 4 hours! (I am a former Cast Member also) ALL businesses should start your daily hours when you leave your house to get to work! I am almost ashamed to say I am a former Cast Member with everything that Disney is doing. Thanks to Chapek for throwing Disney down the Rabbit Hole and to DeSantis for trying to be a Authoritarian leader! (that's all I'm saying, Mom)

JMcMahonEsq5 days ago

The absolute insanity of trying to compare construction in the 1930's to now just defies logic. That's setting aside the number of dead and injured during construction