Disney's Interim CFO Kevin Lansberry has shed more light on Disney's previously announced plans to invest $60 billion in theme parks and experiences over the next ten years.
Lansberry said that while domestic parks and experiences is expecting solid growth for the next year, that growth will occur towards the end of 2024 due to continued comparisons in the first half of the year from the 50th anniversary at Walt Disney World and inflation.
He reiterated Iger's comments that the company continues to be bullish about the parks with plans to make significant investments over the next ten years to turbocharge growth in this area.
The outgoing CFO said to "expect those investments to ramp up towards the back half of that 10-year period with more gradual increases in the first few years."
Speaking in April 2023 at the Walt Disney Company Annual shareholder meeting, Disney CEO Bob Iger said that Disney plans to spend $17 billion over the next ten years, specifically at Walt Disney World, bringing 13,000 new jobs to the area.
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