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Arendelle Village plays a central role in Hong Kong Disneyland’s Frozen themed land. (Courtesy of Disney)
Disney plans to invest $30 billion in Disneyland, Disney California Adventure and theme parks around the world based on popular series such as Avatar, Frozen, Tron and Zootopia, according to a new financial report. It is said that
In a new filing with the U.S. Securities and Exchange Commission, Disney detailed its plans to invest $60 billion over the next 10 years in its theme park and cruise line sectors.
See also: Disneyland spends $4.8 million to renovate entrance and test automatic turnstiles
Disney initially revealed plans to make $60 billion in capital investments over the next 10 years at an investor summit in September.
The latest SEC filing details how the $60 billion investment in the Disney Experience division will be split up. The largest amount, his $30 billion, is earmarked for theme parks and resorts. The next largest pie, $18 billion, is set aside for technology and maintenance. The remaining $12 billion will fund more than eight new Disney cruise ships to enter service by 2026.
See also: $9.5 million Disneyland Magic Key class action lawsuit ends — how to get your share
The $30 billion investment in theme parks will leverage intellectual property and untapped stories from Disney, Pixar, Marvel, Star Wars and others to create new experiences and build on existing ones, according to SEC filings. The focus will be on infrastructure renewal.
Disney’s plan calls for $42 billion of the total investment to be spent on capacity expansion projects aimed at drawing more visitors to its theme parks and cruise ships.
See also: Disney CEO talks about Avatar-themed land coming to Disneyland Resort
The goal is for the company to expand its footprint at six theme park resorts around the world with more than 1,000 acres of developable space.
Disneyland has already announced plans for a new E-ticket dark ride at Avengers Campus and an Avatar-themed land that Walt Disney Imagineering is working on in collaboration with producer James Cameron. .
Disney’s recent major investments in theme park resorts in Anaheim include Star Wars Galaxy’s Edge at Disneyland in 2019 and Avengers Campus at Disney California Adventure in 2021.
Disney hopes to get approval from the city of Anaheim in April for a $1.9 billion project called DisneylandForward that would create a long-term plan for theme park, retail and parking expansion at the Disneyland Resort. Disneyland Forward is dangling themed lands based on Tangled, Frozen, Peter Pan, Zootopia, Toy Story, Black Panther, Coco and Tron as possible expansion projects in Anaheim.
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