Disney Plans to Invest $60 Billion in Its Parks and Is Banking on Fans
Disney plans to invest approximately $60 billion in the development of its theme parks over the next ten years. Thomas Mazlum, president of Disney Experiences, said the company aims to combine major projects for occasional visitors—particularly international ones—with the updates that regular park guests expect, according to CNBC.
During the D23 presentation in Anaheim, Mazlum announced the renovation of the animatronic yeti figure at the Expedition Everest attraction at Disney’s Animal Kingdom in Orlando. Since 2006, the figure had remained motionless after breaking down, with strobe lighting creating the illusion of movement. Among fans, the character earned the nickname “Disco Yeti.”
Disney also announced the return of the characters Dreamfinder and Figment to EPCOT in Florida and a renovation of Tomorrowland in California. Disneyland will once again feature the “Remember Dreams Come True” fireworks show and the “Magic Happens” parade, while Disney California Adventure will bring back the original “World of Color” water show.
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Large-scale themed areas and revamped attractions based on well-known franchises are expected to provide a new reason for guests from other states and countries to visit. At the same time, according to Mazlum, regular visitors appreciate seasonal festivals, parades, character meet-and-greets, live performances, and nighttime shows.
The company continues to work on expanding Avengers Campus, the new Villains Land zone, the reimagining of Frontierland with the Cars franchise, and the Tropical Americas themed area. The renovation of the Carousel of Progress is scheduled to be completed by the end of spring 2027, along with the opening of the Monstropolis area, based on Monsters, Inc.
In the third fiscal quarter, the Disney Experiences division generated nearly $10 billion in revenue, up 10% from the same period a year earlier, setting a quarterly record. According to the company, attendance at its domestic parks rose by 3%, while guest spending increased by 4%.
