Disney has been talking about the future a lot lately, including how the company plans to spend its massive budgets in the coming decade.
Back in September, Disney announced it would spend $60 billion in the Experiences section of its parks in the next 10 years. Since then, we haven’t heard much about where specifically that money could go. Additionally, Disney has shared some announcements that certain expansions are on the way but has not provided a definite timeline. Now, though, we’ve got a chart that could clear up some of our questions!
In a previous security filing, Disney shared a statement about its plans to grow the DPEP segment (Disney Parks, Experiences, and Products). The statement read,
“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.”
Disney owns over 1,000 acres of land, which is available for future development at its various theme parks. This land is spread across various sites and is about the size equivalent of seven new Disneyland Parks.
But now, in a new filing, Disney shared an idea of where that $60 billion for “Experiences” will really go in the next 10 years. It looks like 50% of the budget ($30 billion) is going to the Disney Parks and Resorts, 30% ($18 billion) to Tech and Maintenance, and 20% ($12 billion) to Disney Cruise Line and Other entertainment.
Disney also detailed some of its current projects happening in parks all over the world, as well as IP they’re really focusing on, such as Frozen, Zootopia, Tiana’s Bayou Adventure in Disney World and Disneyland, as well as Fantasy Springs in Tokyo DisneySea.
Most of this new chart is pretty clear, but we are really curious to know about the 30% going toward “Tech and Maintenance.” Could this just mean updating the tech on certain rides and maintaining them to keep them up and running? Is it NEW tech being brought into the parks for new experiences and attractions? We can’t wait to find out!
Learn more about Tiana’s Bayou Adventure, coming this year to Disney World and Disneyland!
Keep in mind that Disney CEO Bob Iger previously stated that $17 billion will go toward Disney World in the next decade. Based on Disney’s new chart, that could mean that Disney plans to invest 17 of that $30 billion in Disney World. That would also leave about $13 billion for the other parks and resorts. Of course, this budget could still change over the next few years, so we’ll keep our eyes out for new details.
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