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Disney planning to increase its investments in the theme parks business by almost double

Current Disney CEO reiterates it will invest heavily in its Theme Parks Division

Disney is planning to significantly increase its investments in the theme parks business. In fact, the company is reportedly looking to almost double its current investment levels in this area.

"The Walt Disney Company is providing the following update regarding its plans for capital expenditures at its Disney Parks, Experiences and Products (“DPEP”) segment. The Company is developing plans to accelerate and expand investment in its DPEP segment, to nearly double, as compared to the previous approximately 10-year period, consolidated capital expenditures for the segment over the course of an approximately 10-year period to approximately $60 billion in aggregate, including by investing in expanding and enhancing domestic and international parks and cruise line capacity, prioritizing projects anticipated to generate strong returns, consistent with the Company’s continuing approach to allocate capital in a disciplined and balanced manner."
"We believe that the Company’s financial condition is strong and that its cash balances, other liquid assets, operating cash flows, access to capital markets and borrowing capacity under current bank facilities, taken together, provide adequate resources to fund ongoing operating requirements, contractual obligations, upcoming debt maturities as well as future capital expenditures related to the expansion of existing businesses and development of new projects."

In correspondence addressed to The New York Times, Bob Iger, the CEO of Disney, disclosed that the corporation intends to escalate the growth of its theme park enterprise, which comprises of cruise ships and merchandise, through a process he referred to as "turbocharging."

In the supplementary information provided by Disney in their SEC filing, a graph was presented depicting a decrease in spending during the COVID-19 pandemic. However, the graph also showed an increase in spending following the period of recovery. 

Disney's Forecasting to spend more in the next decade
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