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

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Walt Disney Company headquarters in Burbank, California

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.

Walt Disney Company headquarters in Burbank, California

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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Bocabear17 days ago

I agree....and the very last thing that the WDW Resort needs right now is a 5th gate...All of their parks except maybe the Magic Kingdom are in desperate need of more attractions. EPCOT needs an attraction in every country pavilion...and then a few more in World Future-nature-bration or whatever it is called...there should be no shuttered pavilions or closed attractions...It is such a shame to see what a mess that amazing park has become. flex space.... lol

Sneakman17 days ago

Still my point stands.

peter1143517 days ago

And all I’m saying is that they don’t usually make Tokyo/OLC announcements at D23

Sneakman17 days ago

I just am saying stuff like the autopia electrization, the olc stuff with buzz and the cruise ship, the little mermaid announcement, all are stuff they would use as filler in usual d23’s for parks, yet they are coming out now.

peter1143517 days ago

This is more of an OLC announcement than a Disney announcement

Sneakman17 days ago

Oh no I’m not saying it’s going to be super amazing, but it’s going to be something that we never expected at all. That or Jim shull Will be right.

John park hopper17 days ago

Hope springs eternal

Sneakman17 days ago

And the fact that the rumor mill has been so dry this year makes me think they have something they are holding close to their chest which makes me think they are really doing something. I mean sure there is Moana and tropical America’s, but everything else is all speculation. I am not a crackpot

Sneakman17 days ago

This is a usual D23 announcement. Same with a lot of other announcements coming out recently. Not to get all of our hopes up, but I feel at least SOMETHING must be going on that we don’t know about.

Gusey17 days ago

Disney Cruises Coming to Japan Services Expected to Start from Fiscal Year 2028 It seems that the next cruise ship after the Destiny and Adventure, is going to be funded by the OLC