Disney has big plans to grow its theme parks and more

In a new report, Disney outlines just how much it plans to expands its theme parks, cruise ships, merchandise, and more.

New Report

In a brand new SEC filing, Disney shares it has really big plans to expand its theme parks, cruise ships, and more. And just how do they plan to do that? By doubling their investment to almost $60 BILLION dollars over the course of the next 10 years.

This is nearly twice the amount spent in the last 10 years.

In the graph below, you can see that over the last 20 years growth has been steady, took a sharp dip during 2020-2021, and then rises again beginning in 2022. With this extra $60 billion dollars, the growth will be off the charts in the coming years!

Specifically, the company features 5 specific strategies in order to accomplish this: accelerate storytelling, expand footprint, advance commercial, leverage talent, and reach new fans.

We have seen all of the recent projects Disney has announced lately. Those include a complete retheme of Dinoland in Disney’s Animal Kingdom and a major expansion in the Magic Kingdom past Big Thunder Mountain. Disneyland is currently working towards a huge expansion as well, which may include a third theme park.

The company has over 1,000 acres of land for possible future projects across all of its existing sites – domestically and internationally. To put that into perspective, that is the equivalent of about 7 new Disneyland Parks.

Statement

The Walt Disney Company is providing the following update regarding its plans for capital expenditures at its Disney Parks, Experiences and Products (“DPEP”) segment. The Company is developing plans to accelerate and expand investment in its DPEP segment, to nearly double, as compared to the previous approximately 10-year period, consolidated capital expenditures for the segment over the course of an approximately 10-year period to approximately $60 billion in aggregate, including by investing in expanding and enhancing domestic and international parks and cruise line capacity, prioritizing projects anticipated to generate strong returns, consistent with the Company’s continuing approach to allocate capital in a disciplined and balanced manner.

We believe that the Company’s financial condition is strong and that its cash balances, other liquid assets, operating cash flows, access to capital markets and borrowing capacity under current bank facilities, taken together, provide adequate resources to fund ongoing operating requirements, contractual obligations, upcoming debt maturities as well as future capital expenditures related to the expansion of existing businesses and development of new projects.

Senior Executives, including Bob Iger and Josh D’Amaro, are meeting with Wall Street analysts and investors today for an investor summit. The summit, taking place at The Walt Disney World Resort in Florida, will focus on Disney’s Parks business.

Do you think Disney has the ability to expand this much in the next 10 years? What kinds of projects would you like to see? Let us know in the comments below. And, be sure to share this post with a friend so they don’t miss out!