Disney CEO Bob Iger Says There is Room in Parks for ‘Seven New Full Lands’
Earlier today, Bob Iger, Chief Executive Officer, The Walt Disney Company participated in a question-and-answer session at the Morgan Stanley Technology, Media & Telecom Conference.
(Charley Gallay / Getty Images for Disney)
Iger addressed the future of the company’s $60 billion investment into its Parks and Experiences division and said the company had thousands of acres of land available for development.
According to Iger, the company “could actually build seven new full lands if we wanted to around the world.”
Photo: Washington Post illustration; Jordan Strauss/Invision/AP; iStock
He further went onto say they have enough land to expand Disneyland Resort by more than 50%.
Talking Points
Photo: AFP
Though most of the conference centered around the topics of Disney+ and ESPN, Iger did address the direction of the theme parks.
We have 1000s of acres of lands to develop, we could actually build seven new full lands if we wanted to around the world, including the ability to increase the size of Disneyland in California, which everybody thinks is kind of landlocked by 50%.
(Photo by Jemal Countess/Getty Images)
Iger was enthusiastic in talking about the future of the parks and shared how the company’s investment plans would also utilize IP to increase capacity:
You can look at every single location that we’ve got and there’s land, opportunity, but most importantly, we have so much IP to mine that there’s opportunity there to create experiences that we know people will love to have in our parks. So you look at our IP, you look at the land that we have, you look at the math, the demand that exists in the marketplace, and you look at the return on invested capital. It’s a no-brainer to invest that way.
Photo by Chip Somodevilla/Getty Images
Stay tuned with MickeyBlog for more on this and all things Disney.
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