Disney to spend $60 billion on theme park expansion

Disney to spend $60 billion on theme park expansion

In a filing Tuesday with the SEC, Disney said it plans to spend $60 billion over the next 10 years on capital expenditures at its Disney Parks, Experiences and Products division, which overseas all of its theme park holdings.

The expansion announcement comes just over a week after Disney announced a variety of planned changes and updates at its park, changing legacy attractions and unveiling what it called the largest ever expansion plan for the Magic Kingdom.

The area beyond Big Thunder Mountain Railroad is being viewed as a possibility for an expansion even larger than Star Wars: Galaxy's Edge and Pandora - The World of Avatar. New attractions, restaurants and shows are all on the table, but the project, for now, remains undefined, with no real specifics asImaginers research and plan what to do.

The extra money is a possible response to Universal Studios, which is awaiting a massive expansion in the midst of a massive expansion set for 2025.

Disney will unveil more details about the announcement on its investor day Tuesday.

Ron DeSantis and the problems with its streaming and TV holdings have dominated headlines, but Disney's parks division has been a constant revenue generator for the company. In the third quarter, Intel said revenue rose 13% to $8.3 billion.