News Disney plans to accelerate Parks investment to $60 billion over 10 years

DisneyHead123

Well-Known Member
While the overlay gives you nothing more to do than there was before, it keeps you trapped in the park a little longer so they might get a second meal out of you while you're there or at least another snack/drink purchase. đź‘Ť
A random aside… I was thinking recently that from a management perspective, the Epcot Festivals have to be the ultimate win, right? For festival goers, you have people paying the price of theme park admission in order to literally walk around buying merch and food for 80% of the time that they’re there. More money spent, no worries about the upkeep and running of costly rides… that has to be living the dream for investors. I’m wondering if recreating that in some way shape or form in other parks will eventually be on the table, especially if this investing in the parks initiative actually happens.
 

MrPromey

Well-Known Member
A random aside… I was thinking recently that from a management perspective, the Epcot Festivals have to be the ultimate win, right? For festival goers, you have people paying the price of theme park admission in order to literally walk around buying merch and food for 80% of the time that they’re there. More money spent, no worries about the upkeep and running of costly rides… that has to be living the dream for investors. I’m wondering if recreating that in some way shape or form in other parks will eventually be on the table, especially if this investing in the parks initiative actually happens.
I would hope people aren't dumb enough to fall for this in another park but at the same time, I can't believe they got away with it for as long as they did at Epcot.

It wasn't enough but they did eventually break down and update/add some stuff when they saw numbers getting soft so it would appear they discovered the $100+ admission to a pay as-you-go food and merch festival isn't completely sustainable.
 
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JD80

Well-Known Member
Does the 10 years start Oct 1?

Curious to see where a bulk/spike of the investment comes, year 2 or year 4?
 

Chef idea Mickey`=

Well-Known Member
Am I the only one worried that such an increase to the existing footprint of MK will strain the already iffy transport in and out of the park? Do they have the logistical capacity to handle that big of an expansion with the current fleet of monorails/boats/buses?

I'm more not liking the idea of envisioning Main Street USA becoming a monsoon. Island's of Adventure's entrance way is more of a passageway while MU is not, (parades, shows, fireworks etc) That park to me is going to need another entrance, I could finally say I was in awe how exiting after fireworks was from the back stage roadway!
 

JMcMahonEsq

Well-Known Member
Yeah, you'd think the timing of this would have included some big announcements at D23. But nope.
Why?

Seriously what major company releases detail capex spending based on a 10yr plan to the general public? This is a PR play to show investment in the parks division. It's not meant to be, nor does Disney want it to be a detailed roadmap of expenditures that then message board fanboy/girls pick apart? It's not meant to some type of binding agreement that yes absolutely in 10 years we are spending X on all these things, and we will not change our mind about the amount being spent, and what its being spent on.
 

JoeCamel

Well-Known Member
Why?

Seriously what major company releases detail capex spending based on a 10yr plan to the general public? This is a PR play to show investment in the parks division. It's not meant to be, nor does Disney want it to be a detailed roadmap of expenditures that then message board fanboy/girls pick apart? It's not meant to some type of binding agreement that yes absolutely in 10 years we are spending X on all these things, and we will not change our mind about the amount being spent, and what its being spent on.
And if the reader has any awareness of WDW and TWDC history they won't expect anything but a PR show until shovels are in the ground and maybe not then, better to wait until opening day to celebrate or berate as the case may be.
 

flynnibus

Premium Member
Why?

Seriously what major company releases detail capex spending based on a 10yr plan to the general public?

Because it's also a company who is trying to boast about a division whose's #1 competitor is about to open a game changing complex just up the road.

They didn't have to lay out the plans for all of the future - no one said that. But they should be confident enough in the next few years to layout a message more than "hey, we are working some cool ideas!"... which is what they laid out the week prior. For the investors they basically said "We have an incredible asset portfolio, building around IP has proven to be a multiplier in revenue, we are opening the pocket book a huge amount... our future is bright".

And without something concrete.. the analysts can't actually sink their teeth into that beyond recognizing a pivot in focus.. so the market didn't really have much to react to.
 

Tha Realest

Well-Known Member
Because it's also a company who is trying to boast about a division whose's #1 competitor is about to open a game changing complex just up the road.

They didn't have to lay out the plans for all of the future - no one said that. But they should be confident enough in the next few years to layout a message more than "hey, we are working some cool ideas!"... which is what they laid out the week prior. For the investors they basically said "We have an incredible asset portfolio, building around IP has proven to be a multiplier in revenue, we are opening the pocket book a huge amount... our future is bright".

And without something concrete.. the analysts can't actually sink their teeth into that beyond recognizing a pivot in focus.. so the market didn't really have much to react to.
I think there’s a wisdom in keeping your powder dry and announcing something big(ger?) opening imminently to step on Epic’s rollout?
 

flynnibus

Premium Member
I think there’s a wisdom in keeping your powder dry and announcing something big(ger?) opening imminently to step on Epic’s rollout?
Depends on who your audience is.

Is your interest in changing short-term consumer behavior? There you need to act sooner before ppl book or are convinced booking is something they should do.

Is your interest in trying to hinder the news cycle? Sure, spoil some headlines, but this is a short-lived thing that doesn't actually move any needles when we are talking about things that are years and decades of activity.

Is your interest changing long-term customer perception? The product reviews and time... not headlines are going to do that.

Is your interest changing the analyst outlook on your stock? Given Disney's current predicament... I'd imagine this conference was more of that, than the other points. This audience doesn't need details of themes/characters (unless that's the selling point), but they need to know how plan on changing the game. Are you just doing more of the same? Are you expanding or just refreshing? What about your strategy is going to make tomorrow different from today?

Disney basically said "I have a big stick..." -- but they really didn't tell anyone how they plan on using it.
 

HauntedPirate

Park nostalgist
Premium Member
Time for a creative outlet. :)

It is the year 2033. We are at the conclusion of the "Iger Decade", and let's look back on what they delivered on the heels of the announced $60 billion in investment in the parks and resorts, specifically in Florida.

1 new flume ride, inspired by Moana
1 new Epcot festival (resulting in the renaming of the park to The EPCOT Festival, since festivals were year-round now)
4 rethemed rides
4 new nighttime fireworks shows (all received poor guest reviews and light attendance, so they recreated Wishes! and RoE, which resulted in massive crowds)
18 new, themed meet and greet locations
12 new DVC resorts (4 yet to break ground)

Price tag for it all? Just a hair under $20 billion.

Meanwhile, up I-4, Universal has enjoyed much success as a result of their Epic Universe theme park. Disney announced several new mini-lands in 2026 to combat its success, only to cancel them due to "financial concerns" in mid-2029. Epic Universe was so successful that Comcast bought more land and built a fourth theme park that recently opened to overwhelming crowds. Disney, once the undisputed king of theme parks in Orlando, has been surviving but only due to large room and ticket discounts, plus multiple free dining offers per year, for the past 8 years. WDW also built a custom area for Annual Passholders to have picnics as an enticement for locals to buy APs, but the area was closed off after only 6 months due to a scant number of guests actually using it (rumors from CMs who staffed the area said only 3-4 people showed up each day, and those were usually asking for the time of the 3 o'clock parade). WDW vacations, once considered a rite-of-passage for many children, trended to being an add-on to a Universal vacation rather than the reverse.

Disney's Parks division, once the golden goose of the company, has struggled to break even for the past 8 years. Missteps in park management accounted for most of the problems, with Iger's "movie IP mandate" becoming an albatross around the creative neck of WDI and the parks division. New ride concepts were rejected as being "too risky", resulting in most of Disney's "Imagineers" leaving the company, the "new rides" were all existing rides that received a re-theme, with the exception of a new Moana-themed flume at Disney's Animal Kingdom. This newly-built flume ride, opened in 2031, has resulted in a small bump in attendance but the park has suffered from other missteps, particularly incorporating the once-iconic Indiana Jones into the former Dinoland area and the Dinosaur ride, which gave attendance a boost for 3 years (from 2028-2030) before park attendance cratered, largely due to the $300/day ticket prices implemented as a result of the ride. One other glaring misstep was retheming the "Rock N Roller Coaster, starring Aerosmith" to be "Olivia Rodrigo's rock n roller coaster". Fans soundly rejected the ride as a result, and many went as far as chaining themselves across the entrance gates in protest. Unfortunately, the company rushed contract negotiations in 2024 with the fizzled-out pop signer in an attempt to draw younger crowds to its Hollywood Studios theme park, resulting in a ride that cannot draw guests (it frequently only handles 100-200 guests per hour) and cannot be rethemed for another 6 years. The EPCOT Festival Park, once panned for its construction walls, continues to be a sore spot for the company. The newly-renamed "Communicore Concert Hall" was a bust from opening day in late 2024, failing to garner much support from park guests. Vandals forced the park to remove the "Dreaming Walt" statue in 2024 after maintenance crews were removing toilet paper from the statue on a daily basis. The lone bright spot for the park has been the "Festival of Wonders" pavilion, formerly the Wonders of Life pavilion. It has provided interactive entertainment for guests of all ages, and with Disney committing to refreshing the content every other year (an unprecedented commitment from the company), the pavilion has drawn in new guests to the park by the millions. It harkens back to the roots of the original EPCOT Center by attempting to inspire guests and give them hope for the future.

The theme park attendance scales, once tipped heavily in Disney's favor in Orlando, tipped the other way in 2028 when the 3 Universal theme parks out-drew the 4 WDW theme parks for the first time ever. This was on the heels of a massive Harry Potter revival and new theme park presence (with a rumored price tag of $2 billion). Universal was flush with cash following the sale of its stake in Hulu back to Disney for $17 billion, following independent evaluators valuing the streaming platform at a whopping $51 billion in late 2023. Disney sued, lost, and appealed the case all the way to the Supreme Court, where it was unanimously rejected by the high court. Hulu and Disney+ were then merged to form the new Disney++, and following the transformation of ESPN into a DTC provider, plus the advent of sports wagering through your TV, it became the undisputed king of streaming platforms.

Josh D'Amaro left Disney in 2026 for Universal under less-than-friendly terms, as he challenged Bob Iger for the CEO spot after the Board announce "no suitable candidates had been found", and he was roundly rejected by the Board of Directors by a vote 11-0. It was a dirty battle, with Iger engaging in a nasty smear campaign against his former lieutenant, resulting in large numbers of park fans (also known as "Josh's Fanboi and Fangurl Club" online) swearing off Disney forever. As a result, all succession planning was jettisoned and the then-75-year-old Iger was given a contract to be CEO-for-life.

It's always fun looking back on tomorrow. ;)
 

SpectreJordan

Well-Known Member
I mean, even when they announce something is coming, we know from experience that doesn't really mean it's coming or that the visuals they show for what they have green-lit will actually end up as part of the final project but when they say something is happening, they're at least saying it's happening.

With these kinds of announcements though, they're not even pretending it's going to happen. They're just saying it crossed their minds and the internet explodes with chatter about what they are certain will be.

How many pages did that Moana/Zootopia thread get to? We on this forum probably collectively thought more about how that was going to work than people being paid by Disney actually did.

Anyway, they've probably got one or two more wacks they can take at this before the voggers finally stop trying to kick the ball and at that point, it'll be 2025 or pretty darn close to it, right? ;)
I imagine they course corrected the DAK project after everyone crapped on Zootopia/Moana. People love the South America idea & are mostly fine with Indy/Encanto so I think this will stick.
 

Disstevefan1

Well-Known Member
I imagine they course corrected the DAK project after everyone crapped on Zootopia/Moana. People love the South America idea & are mostly fine with Indy/Encanto so I think this will stick.
I hope we get anything for WDW and I hope they don't take forever to complete whatever they eventually decide on.

It seems they now take multiple years just thinking about it.
 

LSLS

Well-Known Member
Why?

Seriously what major company releases detail capex spending based on a 10yr plan to the general public? This is a PR play to show investment in the parks division. It's not meant to be, nor does Disney want it to be a detailed roadmap of expenditures that then message board fanboy/girls pick apart? It's not meant to some type of binding agreement that yes absolutely in 10 years we are spending X on all these things, and we will not change our mind about the amount being spent, and what its being spent on.

Maybe not detailed for all of it. But you are talking anywhere from a 25%-100% increase in what they had previously done the last 10 years. This is a company that takes an astronomical amount of time to complete projects already. I'm not sure you can afford to shut down multiple rides/areas at multiple parks all at the same time. It does seem strange to announce very little ready to start building at the parks, then a month later announce you are doubling park investments.
 

Disstevefan1

Well-Known Member
Maybe not detailed for all of it. But you are talking anywhere from a 25%-100% increase in what they had previously done the last 10 years. This is a company that takes an astronomical amount of time to complete projects already. I'm not sure you can afford to shut down multiple rides/areas at multiple parks all at the same time. It does seem strange to announce very little ready to start building at the parks, then a month later announce you are doubling park investments.
Iger was just story telling - He is full of cr@p and Wall St. didn't care anyway.
 

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