Disney plans to invest about $5 billion in the production of movies and television programs in the United Kingdom and Europe over the next five years, thanks to the success of its latest films, Deadpool and X-Men: Apocalypse.
According to reports, Disney(DIS.US) plans to invest about $5 billion in the production of movies and television programs in the United Kingdom and Europe over the next five years, thanks to the success of its latest films, Deadpool and X-Men: Apocalypse.
Jan Koeppen, President of Disney's Europe, Middle East and Africa(EMEA) region, said the company plans to invest about $1 billion a year in these regions over the next five years through film, Disney+, National Geographic, and other television productions. He said: "I am optimistic about people going back to the cinema to watch movies, especially those who love our movies."
In addition, Disney is investing in other parts of its European business. The company will spend $2 billion to expand Disneyland Paris, which is expected to double in size after the expansion.