Disney announced a staggering $60 billion investment to expand its parks and experiences business over the coming years, including new attractions, cruise ships, and a collaboration with Epic Games.
Major additions planned for Walt Disney World in Florida include a new land themed around Disney villains at Magic Kingdom, new attractions based on franchises like Indiana Jones, Encanto, Monsters Inc., and Cars, and expansion of the Avengers Campus.
New nighttime shows, parades, and lounges across the parks.
At Disneyland Resort in California the company plans a new land inspired by James Cameron's Avatar films, Monsters, Inc. and Spider-Man themed rides, and a Coco-themed attraction at Disney California Adventure. Splash Mountain will be replaced with Tiana's Bayou Adventure in 2024.
Disneyland Paris will introduce a new Lion King-themed area, following a Frozen land opening in 2026.
Disney Cruise Line will add four new ships by 2031.
Disney is collaborating with Epic Games to bring Disney storytelling into Fortnite, including new Disney, Star Wars, and Pixar characters.
The parks remained a major profit driver for Disney, contributing 60% of operating profit in the recent quarter, despite a slowdown and activist investor pressure.
This article was written in collaboration with Generative AI news company Alchemiq
Sources: BBC, Bloomberg, NYTimes, LATimes, USAToday, CNN, FoxBusiness, ABCNews, Yahoo, The-Sun, WorldofWalt, AllEars, Polygon, Pinkvilla, BestLifeOnline, Local12, ThePointsGuy