The Walt Disney Company is dropping $2.5 billion to expand Disneyland in Paris, France, according to a report from E! Online. During an event with Disney executives as well as the president of France, Emmanuel Macron, the chairman, and CEO, Bob Iger, revealed the expansion would feature iconic series such as the Marvel universe, Frozen, and Star Wars.
Iger said he and his team are “very excited” about the future of Disneyland in Paris and will continue to invest in it and hope for its long-term success.
The CEO claimed the attraction in Europe is currently the number one destination for travelers and are excited to drive more tourism opportunities in the region.
Moreover, the company will create a lake and will connect the three areas. Macron thanked Iger for his investment in the country and stated, “your confidence shows that France is back!”
Reportedly, construction for the expansion of the theme park will begin in 2021, three years from now, and is located in Marne-La-Valle which is 20 miles outside of Paris. It opened in 1992.
At the beginning of February, the Walt Disney Company revealed it would revamp the Rock and Roll Roller Coaster starring Aerosmith and Iron Man.
And while the company appears to be doing fantastic with its most recent smash hits including Frozen and the Star Wars additions, not all has been well throughout Disney’s history as a company.
The Walt Disney Company has come under fire in the past for stereotyping minority groups and even perpetrating human rights’ abuses. However, often times, the cases are settled outside of court as a way of avoiding further litigation.