Disney Unveils Major Park Expansions and New Attractions

Disney has announced major investments in its parks, including new 'Avatar' and Indiana Jones experiences. The company aims to nearly double its park spending over the next decade. These initiatives, part of a broader $60 billion capital investment, will cushion the decline in Disney's traditional TV and streaming businesses.

Disney has unveiled plans for new attractions and significant expansions in its parks, including a new 'Avatar' experience at Disney California Adventure and new rides based on Indiana Jones and 'Encanto' at Disney's Animal Kingdom in Orlando. The company aims to deploy $60 billion in capital investments.

Disney's experiences unit, encompassing parks, cruise lines, and consumer products, delivered 60% of the company's operating profit in the most recent quarter. This robust performance serves as a buffer against downturns in Disney's traditional TV and streaming sectors, the latter of which recently turned profitable.

Despite intensifying competition from Universal Studios in central Florida, Disney is pushing forward with aggressive investments. CEO Bob Iger has earmarked $17 billion for the Walt Disney World Resort over the next decade, and a $2 billion plan has been approved for Disneyland Resort in Anaheim, California.

(With inputs from agencies.)