The Walt Disney Co. is planning to invest approximately $60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments.
The company said in a regulatory filing on Tuesday that the planned investment is nearly double what it spent in the prior 10-year period.
Disney is confident in its plans, saying in a prepared statement that it's seen growth following previous periods of significant investment, which included the additions of Cars Land at Disney California Adventure, Star Wars Galaxy's Edge at Disneyland and Hollywood Studios at Walt Disney World, Avengers Campus at California Adventure and Walt Disney Studios Park in Paris., Paris and Tokyo properties, along with a Zootopia-themed land in Shanghai.
The Burbank, California-based company's theme parks are widely viewed by industry experts as a critical component of its business. To that end, Iger has been prioritizing reconnecting with the Disney theme park die-hards and restoring their faith in the brand. Shortly after his return, changes rolled out at U.S. parks.
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