After Universal Orlando revealed renderings last week displaying off Epic Universe’s scenic environment and first rides, its competitor, The Walt Disney Co., responded by pledging to spend billions extra to construct new points of interest at its parks.

However the place? When? And what? Might Disney construct the long-rumored fifth gate at Walt Disney World, the one which theme park followers dream about?

If Disney lovers have been hoping for some large bulletins throughout Wednesday’s Disney earnings name, they should wait longer.

Disney CEO Bob Iger was requested a couple of potential fifth gate in Orlando and future enlargement plans throughout the question-and-answer session with analysts. The corporate plans to spend $60 billion over the following 10 years on its theme parks and experiences. Of that $60 billion, about 70% is earmarked for rising capability world wide, which signifies new points of interest and rides.

“We’re already exhausting at work, principally figuring out the place we’re going to position our new investments and what they are going to be. You possibly can just about conclude that they are going to be throughout, that means each single one in every of our areas, together with on the Excessive Seas, the place we’re presently constructing three extra ships,” Iger stated of Disney’s theme parks in California, Florida, Japan, China, Hong Kong and France, in addition to its widespread Disney Cruise Line.

“I’m not going to essentially provide you with far more of a way of timing, besides that we’re exhausting at work at getting this stuff principally conceived and constructed.”

Iger went on to say that Disney has “a menu of issues that can principally begin opening in ’25, and there’ll be a cadence yearly of, principally, further funding and elevated capability.”

Epic Universe, the brand new theme park constructed from the bottom up by Common, opens in Orlando in Summer time 2025. The park’s lands embrace Tremendous Nintendo World, the “Harry Potter” franchise, the Common Monsters franchise and “Easy methods to Prepare Your Dragon.”

Iger didn’t communicate additional to a fifth theme park in Orlando or Disney’s countermove to Epic Universe.

Josh D’Amaro, Chair of Disney parks, experiences and shopper merchandise, previously said Disney is considering pulling from Disney villains and the characters from “Coco” and “Encanto” to construct up the land behind the Magic Kingdom’s Frontierland. However even these concepts, D’Amaro warned at Disney fan expo in 2022, have been in early phases of improvement and weren’t formally taking place.

Throughout Wednesday’s earnings name, Iger additionally spoke optimistically in regards to the firm after its monetary struggles, which embrace layoffs last year and its streaming service dropping cash.

“Our sturdy efficiency this previous quarter demonstrates now we have turned the nook within the New Yr,” Iger stated Wednesday. The corporate introduced it was elevating earnings per share by at the least 20% this yr and investing $1.5 billion to accumulate an fairness stake in Epic Games, the maker of the favored online game “Fortnite,” to create new video games with characters from Disney, Pixar, Marvel, Star Wars, Avatar and different content material.

Publish Views: 0


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *