Disney CEO Bob Iger has provided an update on how the company is “turbocharging growth” in its theme parks and experiences segment.
Disney is spending $30 billion on its theme parks over the next decade as part of a total $60bn investment in its parks, experiences and products division.
At the annual shareholders meeting on Thursday (20 March), Iger said: “Last year we talked about our plans to turbocharge growth in this segment through strategic investments.
“Right now, we have more projects underway around the world than at any time in our history.”
“Turbocharging growth” at Disney parks
These projects include Magic Kingdom’s largest expansion ever, which features a new area based on Cars and a villains-themed land.
Additional projects are the Monsters Inc. land coming to Disney’s Hollywood Studios with Disney’s first-ever vertical lift coaster, and a major Avengers Campus expansion at Disneyland.
Another development is the new Tropical Americas land at Disney’s Animal Kingdom, which includes attractions inspired by Encanto and Indiana Jones.
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Iger said, “Guests are going to love the many new offerings coming to our theme parks, and we’re proud of the positive economic impact these projects will have in the communities in which we operate, including creating thousands of new jobs in Florida and California.”
In addition, Disney Cruise Line is growing and will “double our capacity to reach millions more people around the world”, Iger said.
During the meeting, Iger also showed off Disneyland’s new bipedal robotic BDX droids, which are now making their way to the big screen in The Mandalorian & Grogu (2026).
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“Imaginative technology like this allows us to expand our creative abilities and tell our stories in compelling new ways, both in our parks and in our films and series,” Iger said.
“Thanks to modern technology, there’s never been a better time to be a storyteller,” he added.
“Today, we have the ability to greatly enhance the quality of our storytelling and to reach more people, in more places, in more ways than ever before.”
Images courtesy of Disney
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