Disney CEO Bob Iger tells Cast Members that theme parks 'is a business where you spend to succeed'

Disney CEO Bob Iger hosted a Town Hall session with Cast Members today, discussing the company's recent achievements and future building opportunities.

Bob Iger

Despite not taking questions or making any new announcements, Iger continued reiterating recent messaging that Disney plans to invest heavily in the company's theme park segment.

Referring to the recently announced $60 billion investment in parks and resorts across the next ten years, Iger told Cast Members watching the virtual event that "this is a business where you spend to succeed." Iger has previously said that the investment would allow for 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.

Interim CFO Kevin Lansberry told investors earlier this month 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."

Iger was joined at today's Town Hall by the four Disney segment Chairmen - Alan Bergman, Josh D'Amaro, Jimmy Pitaro, and Dana Walden.

Today's Town Hall session comes almost a year after Iger returned to the top job at Disney. When asked about the challenges facing him on his return, Iger said, "I knew that there were a myriad of challenges that I would face coming back. I won't say that it was easy, but I've never second-guessed the decision to come back, and being back still feels great."

In a previous memo to employees inviting them to the session, Iger said, "As I reflect on the immense progress we've made this year and look ahead to the many opportunities before us, I'm grateful to all of you - the people of this great company - for the tremendous work you do each and every day to ensure we continue delivering incredible entertainment for our audiences, guests, and fans all over the world."