After announcing a $60 billion investment in their parks sector last year, Disney finally revealed the rest of their plans…
Which involves building new additions to Disney parks.
But will the investment be enough to save the company from more extended losses?
Disney’s Plans For New Attractions At Their Parks
Since before the pandemic, Disney has increasingly relied on revenue from their parks to keep money coming in.
Over the years, the parks proved a steady source of income to offset streaming losses and film flops…
But even the experiences sector is slipping.
LAST YEAR, DISNEY EXPERIENCES (THE DIVISION RESPONSIBLE FOR THEME PARKS AND CRUISE SHIPS) WAS RESPONSIBLE FOR OVER 70% OF THE COMPANY’S OPERATING PROFIT.
But as of the company’s latest earnings report, the Disney parks are facing a new slowdown. Operating income for the parks was down 6%, with executives blaming a lack of consumer demand and higher costs.
Yet, when Disney announced plans for a new park and attractions, die-hard fans saw their faith in the parks division renewed.
At D23, Disney’s biennial fan expo, every plan for the new park additions was revealed before a crowd of thousands…
And the company isn’t holding anything back.
Attractions Coming Up
The company revealed dozens of new additions to their experience sector, and it’s not just about adding more attractions…
It’s about giving the less-popular areas in Disney parks a new makeover.
The announcement uncovered two new “lands” in Disneyworld’s Magic Kingdom. One will be in a completely new section of the park dedicated to the iconic villains in classic Disney films. This “villains” land will feature the antagonists we love and loathe in a new, spooky, section in the park where…
“…POISON APPLES ARE APLENTY AND MAGIC POTIONS CAN RUIN YOUR WHOLE DAY”
The second addition to the Magic Kingdom park will be a land themed after Pixar’s “Cars” movies…
And it will be part of an overhaul of Magic Kingdom’s Frontierland.
As for the other attractions in Florida…
A new land in Disney’s Animal Kingdom will be themed to the “Tropical Americas” and feature attractions based on “Encanto” and “Indiana Jones”.
And in California, A new area themed after “Avatar: Way of Water” will be opening as well as new additions to the “Avengers Campus”, which feature two new rides.
Last but certainly not least, Disney Cruises will be welcoming four new ships to its fleet. While this might pale in comparison to the other additions…
The cruise industry has exploded since the pandemic, with a notable example being the success of the Icon Of The Seas.
Pressure From Competition
The new Disney park announcement comes as the company is facing renewed pressure from both a slump in visitor numbers…
And competition from neighboring theme parks.
In January, Universal Studios announced another park addition as well, with the creation of Epic Universe park…
(Which also has a spooky, villain themed land as a major section of the park. Coincidence?)
Regardless of what is motivating Disney to expand these new sections of the park…
It seems that fans are eager to start taking their vacations back to the most magical place on earth.
Be Great,
GCTV Staff
Disclaimer: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.
