When it comes to hearing about park expansions, we’re all ears.
©Apple
The Q4 earnings call for the Walt Disney Company happened recently, and we’re here to give you the TL;DR on everything that was talked about. From their big announcements to the theme park numbers, a lot was covered in a short amount of time, so we’re here to break it down.
Bob Iger spoke a lot about various goals and plans that he has for the company during the Q4 earnings call. One thing he announced was the plan Disney has to “turbocharge growth in our experiences business through strategic investments over the next decade.” That really caught our attention, so let’s talk about it!
Cinderella Castle
It is important to know that Iger also mentioned having a 10-year plan in place for parks and experiences, so we know that they have goals they are going to strive to meet. We also know that Disney plans to invest $60 billion in Disney Parks, Experiences, and Products over the next decade. While that sounds AMAZING, let’s take a closer look at what we can expect.
Bob Iger ©Bloomberg
We really do love the idea of turbocharged growth in the parks; however, Iger also mentioned that this plan would be taking place during the second half of Disney’s 10-year plan for parks and experiences. This means that the “turbo” in “turbocharged” would be a little… slower than we expected.
Magic Kingdom
We’re happy to hear about any changes and expansions happening in the parks, but it sounds like the goal for the first 5 years will focus on smaller, “gradual increases,” according to Iger.
Big Thunder Mountain Railroad
This could mean that Magic Kingdom and Animal Kingdom’s major expansion projects are not expected to start any time soon. Oh well; that gives us plenty of time to daydream about what exactly Disney Imagineers will create!
Concept art for DinoLand expansion ©Disney
We’ll keep an eye out for any information about the parks expanding, and we’ll be sure to keep you updated. Make sure you check in with us here at DFB for the latest updates!
Click here to learn more about the Q4 earnings call!
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What expansions do you want to see in the parks? Let us know in the comments below!
The post Disney Wants to Expand Parks, but Not for at Least 5 Years first appeared on the disney food blog.