We are learning all kinds of Disney news today at the 2024 first-quarter earnings call.
From Disney+ to Disney World, Disney CEO Bob Iger and other executives are giving shareholders a glimpse into the inner workings of the company over the past few months. While we’ve heard how well the parks and entertainment sector of the company has performed in terms of profits, we’ve been waiting to hear about one topic in particular — expansions.
The first quarter earnings call was held on February 7th, 2024, and it brought us lots of news. But we were eagerly waiting to hear any new details about the proposed expansions for both Magic Kingdom and Animal Kingdom!
These two expansions have been teased for quite some time now. While Disney had previously confirmed that DinoLand U.S.A. will be leaving Animal Kingdom, the company had not given any official word on what we can expect to take its place. Encanto and Indiana Jones have both been topics of discussion but not officially decided on.
The same goes for a Magic Kingdom expansion. Josh D’Amaro, Chairman of Disney Experiences, has suggested a new land could be coming behind Big Thunder Mountain Railroad. But none of these ideas had been confirmed as happening or not.
During the earnings call, we learned that 70% of Disney’s $60 billion investment in the parks is “earmarked for incremental capacity-expanding investment.”
While that may not sound like major news, that’s around $42 billion of the investment that is specifically being put aside for “capacity-expanding” — which sounds exactly like it will be used for new lands (and potentially even new parks!)
Disney CEO Bob Iger also said Disney is “already hard at work at determining where we’re going to place our investments and what they’re going to be,” so it sounds like these expansions could come sooner rather than later, though we’ll have to wait a bit longer for any official announcements.
Since Universal recently confirmed FIVE new lands in their newest theme park, speculation has been rising about Disney making any announcements. Disney had announced $60 billion was set aside for expansions, but there were no concrete plans other than that.
We still may not have any concrete plans just yet, but this is an exciting update. We’re following along with the quarterly report and will continue to bring you all the Disney news! So keep following AllEars for more updates.
Bob Iger Is Criticized for This One Thing…But He’s Not the First Disney CEO to Do It
Join the AllEars.net Newsletter to stay on top of ALL the breaking Disney News! You'll also get access to AllEars tips, reviews, trivia, and MORE! Click here to Subscribe!
Fine by me. I wasn’t a fan of the MK expansion anyway.