Disney has huge plans to expand their theme parks, according to a report from The Hollywood Reporter.

The outlet says that the company has plans to invest around $60 billion dollars in adding to their theme park offerings.

Keep reading to find out more…

The $60 billion price tag is a significant increase in the $17 billion that CEO Bob Iger shared in May.

The company stated that the expansion will go towards its theme parks, products and cruise line business, and the money will be spent over the next 10 years.

During the investor meeting this week, the company revealed that they have over 1,000 acres of land available for development, not just in Florida, but also in California, as well as the theme parks abroad.

Disney Parks chief Josh D’Amaro and Bob Iger led the meeting, saying that the company’s focus is on “stories, scale and fans.”

“Today, as Disney considers future growth opportunities, there is a deep well of stories that have yet to be fully explored in its theme parks,” the company shared. “Explore even more characters and franchises, including some that haven’t been leveraged extensively to date.”

In addition to the parks, cruises and products, the company also expressed interest in featuring more Disney characters at the locations.

Earlier this week, the company had to shut down Magic Kingdom – find out why.