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

MrPromey

MrPromey

Well-Known Member
UNCgolf said:
I like the E.T. ride -- it's one of the few Universal attractions I enjoy. There's not much I care about at IoA either.

But USF is a wasteland for the average guest (the attraction lineup there was much stronger in the 1990s than it is now), and people with young kids are generally better served at WDW overall. I don't see many people with kids in that age group skipping a Disney park to go to USF.

It's not really a concern for Disney, which was my only point (had nothing to do with my personal preferences). I'm sure there are people that prefer USF to IoA, but they're minority -- and I'd be shocked if most of them don't prefer any of the four Disney parks to USF. I believe USF is rated by the general public as the worst of the 6 main Universal/WDW parks by a relatively wide margin.
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In the 90's they had the Murder She Wrote experience where Transformers is now.*

In the interest of an honest and informed conversation, what does the makeup of your party visiting the parks look like?

I'm not looking to get a "gotcha" in here with you or anything but I'm guessing it's very different from mine and if we can confirm that, I might be able to help you understand why it really doesn't matter what the next ride Disney opens is like when it comes to getting me and other people in my general demographic to come back.

I'll start: It's usually me and my now 11 year old son and sometimes a friend of his but occasionally, my mother tags along and very rarely, his mother, who has anxiety issues in crowds also goes. (one or the other - never both his and my mom at the same time)

*I know that's a cheap shot but I couldn't help myself ;)
 
Indy_UK

Indy_UK

Well-Known Member
So Igers answer to Epic Universe is that they’ve known about that park for the last 10 years and in that time they’ve build everything they have done? Ok Bob, sure, they were answers to Wizzarding World and a decade of park neglect.

Can tell we are business as usual with Iger
 
BrianLo

BrianLo

Well-Known Member
Gringrinngghost said:
The Parks division is only seeing 50% of that $60b, so all parks properties have $30b worldwide to share. One part that the company needs to clarify is if current ongoing capital investments are tied in to the $60b figure or if these are entirely new projects.
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This doesn’t need clarification. It includes any capex that occurs after Oct 1, 2023 through Sept 30, 2033. The treasure, adventure and destiny, for example, are all largely capacity expansion capex under the plan. Or WDSP would be the next significant one in the lineup.

The parks division is seeing upwards of 80%, of which 50% is earmarked for ‘capacity-expanding investments’. While largely made of maintenance for resorts and dry docks, it’s still parks spend.

It’s also rough guidance, not a hard and fast number. They have no clue what they are doing at the tail end.
 
Rosso11

Rosso11

Well-Known Member
Gringrinngghost said:
The Parks division is only seeing 50% of that $60b, so all parks properties have $30b worldwide to share. One part that the company needs to clarify is if current ongoing capital investments are tied in to the $60b figure or if these are entirely new projects.
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Iger clarified some of this yesterday. The 50% is for increasing capacity. Parks are seeing above that 50% for maintenance of existing parks and resorts. So they should actually be seeing well above $30b. As far as existing projects I would assume any that were still under construction at the beginning of this fiscal year are included from that time on.
 
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Sirwalterraleigh

Sirwalterraleigh

Premium Member
BrianLo said:
This doesn’t need clarification. It includes any capex that occurs after Oct 1, 2023 through Sept 30, 2033. The treasure, adventure and destiny, for example, are all largely capacity expansion capex under the plan. Or WDSP would be the next significant one in the lineup.

The parks division is seeing upwards of 80%, of which 50% is earmarked for ‘capacity-expanding investments’. While largely made of maintenance for resorts and dry docks, it’s still parks spend.

It’s also rough guidance, not a hard and fast number. They have no clue what they are doing at the tail end.
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The reason he said ten years was because they are projecting as much normal maintenance and infrastructure costs as possible under the shell.

There will be parks investments for sure…but people need to be prepared to be underwhelmed.

It’s possible - if he ever does leave - that Bob says all this stuff is planned and then bolts. So the next guy/girl can thin it out and he rides off like a hero.

Not at all unlike the little ferret
 
britain

britain

Well-Known Member
This $60 billion in Parks & Experiences is just a way to project strength and confidence in the one profitable area when everything else you’ve poured MORE into (I’m looking at you Fox) hasn’t provided anything in return.

If films and tv were doing fine, they wouldn’t be talking about big parks investments …let alone actually making big parks investments.

It’s pretty misdirection. But it’s not anything they actually have to stick to as the decade progresses.
 
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Disstevefan1

Disstevefan1

Well-Known Member
MouseEarsMom33 said:
Would 5th gate be part of $60b investment? Or is it much further in the distance?
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There will never be a 5th gate.

WDW may see a fraction of the $60B but most of it is going to France and China and cruise ships.

Thinking about it, if WDW sees any of this money it will most likely go to building new DVCs to "increase capacity".
 
ParentsOf4

ParentsOf4

Well-Known Member
Disstevefan1 said:
There will never be a 5th gate.

WDW may see a fraction of the $60B but most of it is going to France and China and cruise ships.

Thinking about it, if WDW sees any of this money it will most likely go to building new DVCs to "increase capacity".
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The plan includes a replacement of the Dinosaur land at DAK and an expansion behind the MK’s Big Thunder Mountain.

WDW theme parks are getting investment dollars over the next 10 years.
 
UNCgolf

UNCgolf

Well-Known Member
MrPromey said:
In the 90's they had the Murder She Wrote experience where Transformers is now.*

In the interest of an honest and informed conversation, what does the makeup of your party visiting the parks look like?

I'm not looking to get a "gotcha" in here with you or anything but I'm guessing it's very different from mine and if we can confirm that, I might be able to help you understand why it really doesn't matter what the next ride Disney opens is like when it comes to getting me and other people in my general demographic to come back.

I'll start: It's usually me and my now 11 year old son and sometimes a friend of his but occasionally, my mother tags along and very rarely, his mother, who has anxiety issues in crowds also goes. (one or the other - never both his and my mom at the same time)

*I know that's a cheap shot but I couldn't help myself ;)
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I'm not talking about our individual preferences -- it has nothing to do with where I personally want to go. I'm talking about the general public; USF is widely considered the weakest park right now.

I also think you're missing the overall point. If you only go to Universal, then you're kind of irrelevant to this conversation because it's about people who split trips and visit both. Until USF is fixed, people on split trips are more likely to replace USF with EU than they are to drop a Disney day for an additional full day at USF (i.e., they'll just replace a USF day with an EU day). I think Universal knows this, too, which is why they have plans in the works to make major changes to USF.

Also, the Murder She Wrote experience may have been better than Transformers! Transformers is truly awful.

But seriously... although Diagon Alley as a whole is tremendous and an improvement over Jaws, the Jaws attraction was far better than Gringotts. Kongfrontation was much better than the new Kong ride (although that's at IoA and Kongfrontation itself was replaced by Revenge of the Mummy, which is quite good), Twister was better than Race Through New York, Earthquake was better than Fast & the Furious, and Back to the Future was better than Simpsons.
 
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Disstevefan1

Disstevefan1

Well-Known Member
ParentsOf4 said:
The plan includes a replacement of the Dinosaur land at DAK and an expansion behind the MK’s Big Thunder Mountain.

WDW theme parks are getting investment dollars over the next 10 years.
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The DAK stuff will probably happen, NO NET INCREASE AND REALLY LESS attractions compared to Dinoland USA.

The behind Thunder mountain stuff is still blue sky, I highly doubt this will happen.

And I have no faith in any of this happening, I KNOW it wont happen in a timely manner.

By the way, when did the 10 year clock start? Are we a year and a half into the "next ten years" ?
 

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