Disney May Have Just Mistakenly Admitted That Theme Park Expansions Are Being Significantly Reduced

Disney May Have Just Mistakenly Admitted That Theme Park Expansions Are Being Significantly Reduced

Last April, Disney CEO Bob Iger announced that the company planned to spend $60 billion on its Disney Experiences division over the next decade. Of that, $30 billion would be spent on Disney Parks, $18 billion on tech and maintenance, and $12 billion on Disney Cruise line. Credit: Disney At the time, Iger said: As I looked at the returns on the invested capital that we made in this business over the 15 years prior to my coming back, it was extra…

Former Imagineer Sees Economic Downturn Forcing Disney to Cut Its Expansion Plans

Recent Cuts to Expansion Plans Last year, Disney announced that it would spend $60 billion on its Parks and Experiences over the next decade. However, former Imagineer Jim Shull believes the company has already cut that number nearly in half. Credit: Disney Fanatic This week, Disney posted on its new website touting its contributions to the American economy that it plans on spending $30 million at its American theme parks over the next decade; S…