During his appearance on CNBC’s “Squawk Box” on Thursday, July 13, Bob Iger, CEO of The Walt Disney Company, shared his optimism for the potential future of Disney Parks & Resorts.
Disney CEO Bob Iger Sees Opportunities for Theme Park Growth
This news follows the recent announcement that Iger would be extending his contract as CEO, and will now be staying on at Disney through 2026.
Iger appeared on “Squawk Box” with CNBC’s David Faber to discuss his extension, why he decided to stay, and what he feels is ahead for The Walt Disney Company. He went on to say that despite the “disruptions” he predicted once he was out of the company, that there is still room for optimism in other parts of the company, notably the theme parks.
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 a great example of that.
I’ve really believed in the future of that business. We actually have opportunities there to turbocharge that growth.
Iger later said in the conversation that Walt Disney World is “where the Disney brand lives in its most sublime form” and still believes it’s “an incredible experience.”
While nothing has been formally confirmed as to what that “turbocharged” growth could mean, it is a good sign that Iger sees the possibility of growth during his extended tenure.
This is the latest update from Disney executives about investing in the parks, specifically mentioning Walt Disney World. Back in April, Iger noted that Disney is planning on investing $17 billion in Walt Disney World over the next decade. This investment includes ongoing additions to the parks, like the transformation of EPCOT and Tiana’s Bayou Adventure.
What do you think of Bob Iger’s latest comments about the future of Disney Parks? Share your thoughts with us in the comments.