Bob Iger teases “potential” new ‘Avatar’ area at Disneyland, says Disney letting NBCU’s epic universe invade its Orlando turf “couldn’t be further from the truth”

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Bob Iger teases "potential" new 'Avatar' area at Disneyland, says Disney letting NBCU's epic universe invade its Orlando turf "couldn't be further from the truth"

After Disney declared victory in its proxy battle with activist investor Nelson Peltz, CEO Bob Iger went on the theme-park offensive during the company’s annual shareholder meeting.

Giving scripted video comments from a location overlooking Disneyland, Iger praised the parks as a key strategic area of ​​focus and gave a brief first look at images of the “potential” new park. Avatar-Themed area in Anaheim Park. Pandora – World of Avatar, has been running at Disney World in Florida for years and Iger said it is the company’s “intention” to make it a new Disneyland feature. “We’re thrilled about the many potential new stories our guests can experience at Walt Disney World’s original theme park, including the opportunity to begin all-new Avatar adventures with a trip to the world of Pandora,” he said.

The executive also spoke about several theme park initiatives in Florida. He said that would be a boost from the company’s recent settlement of a lawsuit with the special district board chosen by Gov. Ron DeSantis to oversee its Florida theme park properties. Disney last fall planned $60 billion in parks and experiences investment over the next 10 years.

The meeting, held virtually, began with business issues including the election of members of the Board of Directors. The question-and-answer portion of the meeting, often a colorful affair when the gathering is held in person, as costumed Disney fans who have stock get the chance to quiz executives about their plans, more so this year. Was restrained and controlled. In one of the few moments that wasn’t so tightly scripted, Iger was pressed by a shareholder (whose question, like the others, was read by a Siri-like computerized voice) about a move to make soon. Was. Competition in Orlando. NBCUniversal’s Epic Universe, which will open in 2025, will double the company’s presence in Central Florida.

In preparation, “Why hasn’t Disney prepared anything or kept more than a handful of attractions in the pipeline to be ready for this at Walt Disney World in 2025?” the unidentified shareholder asked.

Iger replied, “Thank you very much for your question, but it couldn’t be further from the truth.” “We have been aware of Universal’s plans for a new park for over a decade. And we have a sophisticated approach to analyzing the needs of all our businesses and strategically deploying capital.

He then offered a list of Orlando moves the company has made in recent years, including the opening of Pandora, toy Story Land, Star Wars Galaxy’s Edge and Mickey and Minnie’s Runaway Railway at Hollywood Studios. The “multi-year, multi-billion dollar transformation” of Epcot Center, he said, includes new attractions such as Remy Ratatouille Adventure, Moana’s Voyage and Guardians of the Galaxy Cosmic Rewind.

“By sequencing these major launches, we have been able to commercially and operationally optimize our new offerings over time rather than doing it all at once,” Iger said.

In response to a separate shareholder question about why more details about the $60 billion investment were not shared, Iger kept his comments fairly brief. “You know, we have a lot of projects in development,” he said. “Many of them are known to us. But we release these in a rhythm and when we really feel we’re ready, and we have something more concrete to show people.

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