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

20 days ago 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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ToTBellHop12 days ago

It’s short but it’s the prettiest kiddie coaster I’ve ever seen. But, I’m not sure that’ll matter to 3-year olds in a 90-minute line.

UNCgolf12 days ago

I'm not sure it's more popular than the Safari -- I believe the Safari gets the highest guest satisfaction ratings of any ride. It does usually get longer wait times than KS, but that's mainly hourly capacity. NRJ sometimes has longer wait times than FoP because of that. Regardless, I get your point.

BaconPancakes12 days ago

Wow that sounds TURBOCHARGED! /s

Bocabear12 days ago

Well it also has a 90 second coaster.... So there is that. Snark aside, it looks really beautiful...sadly it is exactly the same boat ride we have with the same poorly stages second floor scenes...I was hoping that starting from scratch they would add a lot more to it.... But it is pretty at least. Wait, I exaggerated...it is about 56 seconds to the break run from the time the car starts moving..... Yikes.

BaconPancakes12 days ago

I don't think creating a land w/ one cloned boat ride could be classified as "turbocharged." 😴

MagicHappens197112 days ago

This “turbocharge” word is nearly as nauseating as “activations”

Haymarket12 days ago

Posted by THR in the last hour or so: https://www.hollywoodreporter.com/business/business-news/disney-frozen-land-hong-kong-disneyland-resort-1235648764/

SpectreJordan12 days ago

It's definitely not my favorite, I prefer Kilimanjaro & Everest. But the popularity leads me to believe its the premier attraction.

UNCgolf12 days ago

Every current attraction at DAK is unique/exclusive to DAK, though -- I don't think cloning Flight of Passage elsewhere would a big deal. I'd also push back on FoP being the premier attraction at the park, but that's subjective.

SpectreJordan12 days ago

Is there enough room to potentially add Flights of Passage? It doesn't sound like they plan on it either way, but maybe they could if they really wanted to. It would suck that DAK loses exclusivity on its premier attraction, but they don't really seem to care about that anymore.

bmr159114 days ago

I think we hear more about this before D23. I wouldn't be surprised if Dinoland's final days are announced by Summer.

doctornick14 days ago

Okay, but I don't know if that has to be a VR per se. I mean, it could be a walkthrough attraction. Or theater show (something like Stich's Great Escape setup). I'm not expecting a ride proper. Wasn't there some sort of banshee encounter they featured in China as part of the release of the second film? But even something small that that is developed for DL would be ported to DAK if it isn't duplicative of stuff already in the land. And DAK needs any addition it can get, even if small. Also, re: People Mover, I was under the impression that newer ADA or safety requirements make revising that a non-starter. MK's is grandfathered in as a functioning attraction, but to redo DL they would have to create multiple egress points from the ride path.

ToTBellHop14 days ago

They wouldn’t keep saying “experience” if it was impressive. They’d say “attraction” or “ride” or “land”.

pdude8114 days ago

What about the "Pixar" Pier parking lot if/when DCA herniates?