Appearing on CNBC’s “Squawk Box” on Thursday, July 13, Bob Iger, CEO of The Walt Disney Company, expressed his optimism about the possible future of Disney Parks & Resorts.
Disney CEO Bob Iger sees opportunities for theme park growth
This news follows the recent announcement that Iger will renew his contract as CEO and will now stay with Disney until 2026.
Iger appeared on “Squawk Box” with CNBC’s David Faber to talk about his renewal, why he decided to stay and what he thinks is in store for the Walt Disney Company. He went on to say that despite the “disruptions” he predicted after leaving the company, there was still room for optimism in other parts of the company, particularly in the theme parks.
There are other aspects of the business that I’m very optimistic about, for example: [Disney] Parks and resorts, which is just big business for us. We’ve invested a lot, but the investments we’ve made over the years are really paying off today. Shanghai Disneyland is an excellent example of this.
I really believed in the future of this business. We actually have opportunities there to boost this growth.
Iger later said in the conversation that Walt Disney World “is where the Disney brand lives at its finest” and still believes it’s “an incredible experience.”
While nothing has yet been officially confirmed as to what this “turbocharged” growth could mean, it bodes well that Iger sees the possibility of growth during his extended tenure.
This is the latest update from Disney executives on investments in the parks and specifically mentions Walt Disney World. Back in April, Iger pointed out that Disney plans to invest $17 billion in Walt Disney World over the next decade. This investment includes ongoing park expansions such as the transformation of EPCOT and Tiana’s Bayou Adventure.
What do you think of Bob Iger’s latest comments on the future of Disney Parks? Let us know your thoughts in the comments.
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