Walt Disney Co. said on Tuesday it plans to invest 2 billion euros for a multi-year expansion of its Disneyland Paris theme park and resort. Disney plans to add three new areas based on Marvel, Frozen and Star Wars, along with multiple new attractions and live entertainment experiences to Europe’s most-visited theme park; the resort accounts for roughly 6.2% of France’s tourism income. According to a news release, the 2 billion euro expansion is one of the most ambitious development projects at the Paris park since it opened in 1992. The multi-year expansion will begin in 2021, but Disney did not give an estimate on when it could be completed. Disney shares are down less than 1% in the last 12 months, while the S&P 500 index is up more than 17% and the Dow Jones Industrial Average is up more than 23%.
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