The Walt Disney Company on Tuesday announced a 2 billion euro ($2.47 billion) investment drive to expand its French theme park Disneyland Paris, which it took full control of last year.
Chief Executive Robert Iger announced the spending plan after meeting French President Emmanuel Macron in Paris.
The development will include three new areas based on Marvel superheroes such as Spider-Man and the Hulk, Disney’s animated film Frozen and Star Wars, and will be rolled out in phases, starting in 2021. There will also be new attractions and live entertainment experiences.
“The expansion plan is one of the most ambitious development projects at Disneyland Paris since its opening in 1992 and underscores the company’s commitment to the long-term success of the resort as Disney’s brand beacon in Europe,” Walt Disney said in a statement.
Disneyland Paris is Europe’s most visited theme park. It sits on a 2,230-hectare site about 32 kilometres (20 miles) east of Paris, though only half of site has been developed so far, according to the company’s 2016 annual report. Full Story: CNBC