Disney revealed a massive $60 billion parks and experiences expansion plan was in the works, and ever since we’ve been trying to decode exactly where all that money is going.
That’s nearly double the amount of money that was invested in Disney’s last major overhauls: Star Wars: Galaxy’s Edge, Toy Story Land, Avengers Campus, Pandora, and countless rides. Luckily, CEO Bob Iger has given us a bit more insight into that investment.
We got the lucky opportunity to hear from Disney CEO Bob Iger directly about where that $60 billion might be headed. And, well, he doesn’t know just yet. Not fully anyway. Of course, some of that $60 billion has already been allocated and put to use — but there’s a large portion of it that hasn’t been yet.
Iger explained that some of that money has been put on a sort of “reserve” for Disney to decide what to do with later. For example, let’s say that five years down the road Disney has another massive box-office success and wants to add something with that intellectual property to the parks — part of this money would be used to do it.
But, if Disney had already allocated the full $60 billion, they’d have to find even more funds in the budget to do an expansion with the new IP.
Essentially, Iger wanted to stress that while they do have concrete plans and strict budgets for some of the money, Disney still has some wiggle room when it comes to the full amount.
He said that in the future, there may be something new they create that people end up loving and thus Disney will want to create a ride or experience based on that, which is why the entire $60 billion investment is not yet set in stone.
Per a Disney SEC filing, we know 50% of the budget (roughly $30 billion) will go towards the Disney Parks and resorts, 30% (about $18 billion) to Tech and Maintenance, and 20% (about $12 billion) will go towards the Disney Cruise Line and non-specified entertainment.
From what Iger has said, though, it’s possible that these are just estimates and that the true allocation of the $60 billion will be revealed in time.
One thing is for sure, we’ll be keeping up with all the updates, so stay tuned to AllEars as we continue to bring you the latest Disney parks news and more!
Disney Breaks Down Its $60 Billion Investment Plans
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Disclosure: We were invited by The Walt Disney Company to attend an exclusive Imagineering media event. This did not affect our reporting of the event — our opinions are our own.
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