Disney CEO Bob Iger is Optimistic for the Future of Disney Parks
On Thursday, while speaking on CNBC’s “Squawk Box,” Bob Iger, the CEO of The Walt Disney Company, expressed his positive outlook regarding the future prospects of Disney Parks & Resorts.
This development comes in the wake of the recent news about Iger’s contract extension as CEO, confirming his continued tenure at Disney until 2026.
While on “Squawk Box” with CNBC’s David Faber he discussed his optimism for Disney Parks and Resorts:
There are other elements of the business that I have huge optimism about, for instance, [Disney] Parks and Resorts, which is just a tremendous business for us. We’re invested significantly, but the investments we’ve made over the years are really paying off today, Shanghai Disneyland an excellent example of that.
I’ve really believed in the future of that business. We actually have opportunities there to turbocharge that growth.
Related – Bob Iger is Actively Considering Theme Park Expansion Opportunities
During the conversation, Iger expressed his belief that Walt Disney World is the perfect example of the Disney brand and an extraordinary experience. He also hinted at the potential for “turbocharged” growth during his extended tenure, although no official details have been confirmed yet.
This update shares the most recent information provided by Disney executives regarding their investment plans for the parks, with a specific focus on Walt Disney World. In April, Iger announced that Disney has allocated $17 billion for investments in Walt Disney World over the next ten years. This investment will involve continuous enhancements to the parks, such as the exciting changes happening at EPCOT and the introduction of Tiana’s Bayou Adventure.
You can read the full transcript of Bob’s Interview here.
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