The Walt Disney Co.’s (NYSE:DIS) CEO Bob Iger stated the entertainment giant’s future could involve development of its vast real estate holdings.
Speaking today at the Morgan Stanley Technology, Media and Telecom Conference, Iger highlighted the company’s investment plans by pointing out it had wide swaths of real estate to build upon.
“We have thousands of acres of land still to develop,” he said. “We could actually build seven new, full lands if we wanted to, around the world, including the ability to increase the size of Disneyland [Resort] in California, which everybody thinks is kind of land-locked, by 50%. You can look at every single location that we’ve got, and there’s land, opportunity, but most importantly, we have so much IP to mine that there’s opportunity there to create experiences that we know people will love to have in our parks.”
Iger added that if “you look at the land that we have, you look at the demand that exists in the marketplace, and you look at the return on investment capital, it’s a no-brainer to invest that way.”
Iger’s vision for expanding its theme parks was in contrast to the company’s cinematic endeavors. He also admitted the company “killed a few projects already that we just didn’t feel were strong enough” after producing and releasing a stretch of commercially disappointing films.
“We’ve actually made those tough calls – we’ve not been that public about it,” he said without offering more details on which projects were terminated.
Photo by Thomas Hawk / Flickr Creative Commons
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Disney should include affordable housing for their employees and their friends. Short term rentals for customers
Great ideas! Visionary!!
Not a bad idea.
It’s a business..if they included affordable housing, then they’ll have to increase the pricing to customers to offset expenses. they should just lower the hotel rates and admission prices that way more families can go.