Walt Disney Company Plans to Increase Spending May Be Good News for Theme Parks

Disney Company plans to increase spending on capital expenditures based on recent evidence. This most likely means the Disney Company will be allocating more money for theme parks. In a filing with the Securities and Exchange Commission, The Walt Disney Company revealed plans to increase its overall capital expenditure projects by around 37% in the fiscal year 2023 compared to the previous year. The fiscal year starts and ends on October 1 of each year. Since theme parks account for most of the capital expenditures for The Walt Disney Company, this could mean good news for theme park fans.

The filing indicated that Disney would increase total capital expenditures from $4.9 billion to $6.7 billion. Disney Company plans to increase spending that much should interest all theme park fans. Disney stated that the 37% increase in spending will be “due to higher spending across the enterprise.” Cautious estimates would project billions being spent on Disney theme parks over the next year. Sure, a billion dollars does not go as far as it used to, but theme park fans clamoring for investment might be seeing good things happen.

Of course, these planned expenditures might not connect to actual expenditures. However, if they do, then this will be near a record level of investments in theme parks. For example, in 2021, Disney planned $6.1 billion in capital expenditure projects for fiscal 2022. The actual amount spent was $4.9 billion. Since Disney Company plans to increase spending for fiscal year 2023, evidence of the capital expenditure should be seen across all Disney Parks.

For people waiting for projects to be finished, this could be good news. For Walt Disney World fans wondering if anything will be coming after TRON Lightcycle Run is completed, this could be good news. With evidence pointing towards this coaster opening around April 2023, guest expectations of the next project grow. With Walt Disney Company plans to increase spending, the next big project might be coming soon.

Does Disney Company Plans to Increase Spending after Tron

What do you think about this filing with the Securities and Exchange Commission? Does it give you hope for new investments in the theme parks?  Let us know in the comments below, please.

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