Disney to invest $30B in its theme parks over the next decade
Disney plans to take a position $30 billion into Disneyland, Disney California and different theme parks worldwide over the subsequent decade, based on a brand new monetary report.
Final September, the leisure big made headlines after saying plans to spend $60 billion over the subsequent decade on its theme parks and cruise strains that might improve capability.
The most recent U.S. Securities and Alternate Fee submitting breaks down how Disney plans to spend that cash.
About $30 billion has been earmarked for theme parks and resorts, $18 billion shall be put aside for know-how and upkeep and $12 billion will fund new Disney cruise ships, bringing the corporate’s complete fleet measurement from 5 to eight.
The $30 billion put aside for theme parks shall be used to “magical new experiences and refreshing current infrastructure,” based on the SEC submitting.
Disney beforehand informed buyers that it hopes to broaden the footprints of its theme parks within the U.S. and internationally the place the corporate stated it had greater than 1,000 acres of developable land.
The breakdown of how the corporate plans to spend its $60 billion funding comes after the Anaheim Planning Fee authorised the Disneyland Ahead venture proposal for the Disneyland Resort on Tuesday.
The plan particulars how officers need to replace and renovate the Anaheim theme park. The venture will embrace new points of interest, retailers and eating places inside its current 490-acre footprint.
The Anaheim Metropolis Council is anticipated to vote on the proposal in April.
Whereas Disney hasn’t formally introduced how the theme park enlargement will materialize, many Disney followers have theorized that Disneyland might get lands impressed by “Tangled,” “Frozen,” or “Zootopia,” together with different properties which have come to life at different Disney theme parks.
Disney Parks Chairman Josh D’Amaro additionally talked about the potential for bringing Frozen’s Arendelle, Black Panther’s Wakanda and Coco’s Santa Cecilia to life in some capability on the “Happiest Place on Earth” and probably its sister park in Orlando final yr.