The Mouse House is getting some massive upgrades.
Two months ago, the Walt Disney Company unveiled plans to double capital investments to a whopping $60 billion over the next decade to expand and enhance its park, cruise, and other experiences.
“We’re incredibly mindful of the financial underpinning of the company, the need to continue to grow in terms of bottom line, the need to invest wisely so that we’re increasing the returns on invested capital, and the need to maintain a balance sheet, for a variety of reasons,” said Disney CEO Bob Iger in a press release. “The company is able to absorb those costs and continue to grow the bottom line and look expansively at how we return value and capital to our shareholders.”
“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,” said Experiences and Products Chairman Josh D’Amaro, also in a press release.
The company has already made clear their intentions to tackle some major projects in recent years, such as the first Zootopia land opening in Shanghai this December. Some have less concrete plans with them, such as the evolving plans for an additional land at Magic Kingdom. D’Amaro specifically said Frozen – which is coming soon to Hong Kong Disneyland, Walt Disney Studios Park in Paris and Tokyo Disney Resort – could eventually make it to Disneyland Resort in California. D23 recently shared a lot of these new plans.
The company says they have a thousand free, undeveloped acres of land to work with across their parks.
In the ocean, Disney Cruise Line will add two ships in 2025 and another in 2026. There’s also a new homeport in Australia and New Zealand slated to open later this year, followed by one in Singapore beginning operation in 2025.
News of Disney’s plan comes amid an ongoing legal feud with Florida Governor Ron DeSantis and the recent unveiling of new details about rival Universal Orlando Resort’s Epic Universe due in 2025.