Disney World has a new ‘disney theme park’ in Australia
The theme park company Disney announced its plans to open its own theme park in Australia in 2018, with the park scheduled to open by the end of 2021.
The park will feature attractions including Star Wars: Episode IX, Toy Story Land, and Pirates of the Caribbean.
The company said in a statement that its plans for the park were “in the works for a number of years and would have been very feasible with Disney’s current capital requirements”.
The park would include an “original attraction and an innovative new one, combining a combination of technology and design” that it said would be “unprecedented in the world of theme parks”.
In a statement, Disney said the company had invested in the park with a view to creating a new world of entertainment, and “will deliver a special experience for guests and the local community”.
It added that the park would be part of Disney’s “unparalleled theme park portfolio”.
Disney has been under increasing pressure to invest in its theme parks in recent years as competition from other companies has increased.
In 2018, the company announced that it had been acquired by Disney’s parent company, Capital Cities, for $US2.4 billion ($3.4bn).
That same year, Disney’s revenue fell 4 per cent, and the company said it was “taking significant steps to reduce expenses” to make up for the loss.
Disney, meanwhile, has been struggling to compete with ride-hailing services like Uber and Lyft, which are rapidly expanding their services and have expanded their business into Australia.