News

During a recent earnings call by The Walt Disney Company, the interim CFO Kevin Lansberry stated they plan to invest more money in Disney Parks, Experiences, and Products in the coming years. Lansberry also mentioned that they expect to see strong growth in operating income at their parks and resorts outside the US and on their Disney Cruise Line.

While domestic parks and experiences are also expected to grow throughout the year, their growth will be more evident in the second half of the year due to some challenges faced during the first half, such as the 50th anniversary at Walt Disney World and inflation.

In September, Disney announced they plan to double their spending on Disney Parks and Disney Cruise Line over the next decade. Lansberry added that they expect to increase their investments more towards the end of the 10-year period, with smaller increases in the first few years.

Disney has said they will focus on growing their existing theme parks rather than building new ones and have plenty of space to expand their current parks. The CEO of Disney, Bob Iger, has also highlighted that growing their parks is one of their primary objectives in the future.