FILE – Cinderella Castle seen at Walt Disney World’s Magic Kingdom on July 14, 2023 in Lake Buena Vista, Florida. The new superintendent of Walt Disney World’s administrative district cannot continue in his new job and become chairman, according to a legal opinion issued Thursday, Aug. 17, along with an opinion from the Florida Ethics Commission. It was done. (AP Photo/John Rau, File)
Disney plans to inject significant cash into some of its proven business areas, announcing plans to nearly double its investment in theme parks and cruises.
Over the next 10 years, Disney plans to spend about $60 billion on, among other things, “investments in expanding and enhancing domestic and international park and cruise ship capacity.”
It’s unclear exactly what that means, but it might be fun to speculate.
Disney already has plans to expand Disneyland’s current site in Anaheim onto its existing property. And Disney has already announced plans for two new cruise ships, scheduled to be delivered within the next two years, with a third scheduled to be delivered shortly thereafter.
So what else is the entertainment giant cooking up?
“Disney’s doubling of its spending on theme parks and cruise ships over the next 10 years means, as Paul Simon says, that Disney is going to do a lot more than just the old familiar,” said David Lazarus, business and consumer news expert at KTLA. “It shows that we rely on this method.” “The company’s streaming service has not yet been rolled out, nor have its Marvel or Star Wars properties expanded. However, the theme park division’s revenue rose 13% in the most recent quarter to $8.3 billion. I did.”
Meanwhile, Disney Media and Entertainment Distribution’s revenue declined 1% over the same period.
Theme parks and experiences have proven to be a winner for the company. Despite completely revamping the park experience due to the coronavirus pandemic, including a reservation system and charging for some previously free benefits, Disney is still seeing a drop in visitor interest. Not yet.
In other words, they could make more money from theme parks. And despite whispers of changes coming to Disney’s organizational structure, the latest announcements show the entertainment conglomerate is betting on itself.
“The theme park investment should also put to rest the ongoing rumors that Apple is buying Disney. Yes, Apple is hungry for Disney content. “There’s no way we want to spend billions of dollars on cruise ships,” Lazarus said.
Tuesday’s announcement came just days after whispers began circulating that Disney was considering the possibility of an ABC spinoff, perhaps to KTLA’s parent company Nexstar.
But does this reinvestment in corporate assets indicate that the deal is up for grabs? Raz says no.
“Disney recognizes that the future of traditional television is not bright. “It will help buy us more time to get the loss-making Disney+ streaming service back on track,” he said.
Disney seems to see untapped potential in its theme parks, but it’s anyone’s guess how it plans to attract new customers. There have long been rumors about plans for his third park in North America, but it wasn’t that long ago that the company abandoned plans for a harbor-themed park in Long Beach.
But it’s clear that the Mickeys are there. I have no intention of resting on my laurels.
