At the annual shareholder meeting, Disney CEO Bob Iger announced that the company plans to spend $17 billion at Walt Disney World over the next 10 years. The investment will also create more than 13,000 new jobs in Florida.
Iger noted that Disney currently has 75,000 employees in Florida alone. He said that this new investment will not only create more jobs but also help stimulate the local economy.
"This is a major commitment to our home state of Florida," said Iger. "We are proud to be able to contribute to the economic growth of this great state." Iger also added that he loves Florida
The investment will go towards building new attractions and experiences at Walt Disney World, as well as expanding existing ones. This includes adding new rides, restaurants, and hotels in all four theme parks: Magic Kingdom, Epcot, Hollywood Studios, and Animal Kingdom.
The expansion is part of a larger effort by Disney to invest in its theme parks around the world. In addition to its investments in Florida, Disney is also investing heavily in its other theme parks such as Disneyland Paris and Shanghai Disneyland.
Disney's commitment to investing in its theme parks comes at an important time for the company as it continues to face competition from streaming services like Netflix. With this new investment into Walt Disney World, the company hopes to remain competitive by providing unique experiences for guests that can't be found anywhere else.