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Disney’s new CEO caps $2.18 billion Euro theme park overhaul with World of Frozen opening

March 29, 2026
in News
Disney’s new CEO caps $2.18 billion Euro theme park overhaul with World of Frozen opening

A 118-foot mountain of ice rose over the suburban Paris countryside this weekend as Disney opened its Arendelle kingdom to the world — Elsa’s palace glowing at the summit, a “Frozen” Nordic fishing village below, and the company’s new CEO standing before a crowd of celebrities.

World of Frozen, an immersive land themed to the blockbuster animated franchise, opened Sunday as the centerpiece of a 2 billion euro ($2.18 billion) transformation at Disneyland Paris.

The transformation renames one of the two theme parks at the Disneyland Paris complex from Walt Disney Studios Park to Disney Adventure World. The inauguration drew Penélope Cruz, Naomi Campbell and Teyana Taylor.

It is the largest expansion in the 34-year history of Disneyland Paris, and one node in a roughly $60 billion global buildout of Disney’s parks, resorts and cruise lines.

A new CEO’s first stage

It is also the first major international stage for Josh D’Amaro, who took over as Disney’s chief executive on March 18 — just 11 days before the French gates opened — after nearly three decades in the company’s theme parks division.

The parks-and-experiences business generated about 57% of the company’s $17.5 billion in segment operating income last year, the force that observers say propelled D’Amaro from parks chief to the corner office.

An Associated Press journalist accompanied D’Amaro on the “Frozen” ride Saturday night.

The carriage splashed through water to childlike cheers from riders and laughter from the new chief executive as they glided past singing Elsa in the dark. Some stepped off lightly wet.

“The Walt Disney Company was built on one man’s dream, and for more than 100 years we’ve shared that dream with the world,” D’Amaro told the inauguration crowd.

“Storytelling is fundamental to everything that we do, whether that’s on screen or stage, in our theme parks, on our cruise ships, or even at home.”

He called the opening “a transformational moment” and paid tribute to the creative team behind the land, including “Frozen” writer-director Jennifer Lee — all now at work on “Frozen 3.”

A remarkable Disney reversal

On Friday, D’Amaro had stood alongside Emmanuel Macron at the resort.

The French president used the visit to claim the park as a national economic asset, calling Disneyland Paris “the leading tourist destination in Europe” and describing it as “a genuine ecosystem of success.”

Macron said the latest expansion would create 1,000 additional direct jobs.

“Since the beginning, that’s 13 billion euros invested on this territory,” Macron said.

Disneyland Paris says the resort now employs more than 20,000 people, supports 70,000 direct, indirect and induced jobs, and has recorded more than 445 million visits since 1992 — accounting for 6.1% of France’s national tourism revenue.

Macron’s presence underscored a remarkable reversal.

When the park opened as Euro Disney in 1992, French intellectuals derided it as a “cultural Chernobyl.” Now a French president was standing in front of cameras calling it an engine of national prosperity.

European roots

It is no coincidence that “Frozen” and “Tangled” — the two stories anchoring Disney’s new lineup at its sole European resort — both trace their roots to European folklore.

“Frozen” draws loosely from “The Snow Queen”; the new Tangled family ride recalls the Brothers Grimm’s Rapunzel.

“Frozen, of course, has its roots in European storytelling,” said Michel den Dulk of Walt Disney Imagineering.

“It’s very loosely based on Hans Christian Andersen. So to have a northern European, charming wooden little village here in Disneyland Paris, where you can see your favorite Frozen characters — it just made sense.”

The land recreates Arendelle around a lagoon, its timber buildings painted in muted Scandinavian pastels, facades adorned with rosemaling, a traditional Norwegian decorative art.

At the center is Frozen Ever After, a boat ride featuring state-of-the-art animatronics and immersive projection effects.

Guests can meet Anna and Elsa inside Arendelle Castle, have a conversation with a responsive baby troll named Mossy who talks back, and watch a lagoon celebration called the Snow Flower Festival — featuring an original song.

A next-generation robotic Olaf roams the land.

Beyond World of Frozen, the rebranded park brings a vast new lake called Adventure Bay, a Tangled family ride, 15 new dining locations — including the posh Regal View Restaurant — and a nighttime spectacular called Disney Cascade of Lights featuring more than 380 drones.

A Lion King land, already under construction, will follow.

More than 90% of the second park’s offerings will have been redesigned since it opened in 2002, and Disney says the footprint will roughly double once the full transformation is complete.

Disney’s streaming has swung from deep losses to profitability, but the parks remain the company’s most dependable earnings engine — and D’Amaro is the man who ran them.

“We continue to dream bigger and bring stories to life in brand new ways,” D’Amaro told the crowd.

Pyrotechnics lit up Arendelle Village.

The ice palace on the mountain turned blue.

And 34 years after Euro Disney became a punchline, a brand-new kingdom opened in the fields east of Paris — for the first time in forever.

The post Disney’s new CEO caps $2.18 billion Euro theme park overhaul with World of Frozen opening appeared first on Fortune.

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