Disney to invest $60bn to ‘turbocharge’ parks business growth
Ilaria Grasso MacolaDisney is set to invest $60 billion (£48.8 billion) over the next 10 years to “turbocharge” its growth in the parks, experiences and product segment.
Senior management has recently announced the investment will go towards developing attractions for characters and franchises that haven’t been used extensively at the company’s 12 parks.
“We have a wealth of untapped stories to bring to life across our business,” said parks, experiences and products chairman Josh D’Amaro. “Frozen could have a presence at the Disneyland Resort [while] Wakanda has yet to be brought to life.
“The world of Coco is just waiting to be explored; there’s a lot of storytelling opportunities.”
It comes as new Frozen-themed lands are set to come to Disney parks in Hong Kong, Paris and Tokyo while a new Zootopia-themed land is set to make its debut at Shanghai Disney Resort.
The investment will also be used to expand its theme park space across existing sites, as the company is aiming to attract more than 700 million people over the next decade.
“We have an ambitious growth story that is supported by a proven track record and a bold vision for the future of our Parks business,” D’Amaro added.
In terms of cruises, the multinational has already announced it will double its worldwide capacity, adding three ships to its line by 2026. It will also launch its first Asia homeport in Singapore from 2025.
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Ilaria Grasso Macola
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