News Formal

Disney to double Parks investment to $60 billion over the next 10 years

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Walt Disney Co. is expanding its investment in Disney Parks, Experiences and Products to almost double, reaching approximately $60 billion over...

The Walt Disney Co. DIS, -0.65% is expanding its investment in Disney Parks, Experiences and Products to almost double, reaching approximately $60 billion over approximately the next 10 years.

The investment will include investing in expanding and enhancing domestic and international parks and cruise line capacity and prioritizing projects anticipated to generate strong returns, according to an SEC filing. Walt Disney shares fell 1.5% in premarket trades Tuesday. The company’s stock has fallen 2.1% in 2023, compared with the S&P 500 index’s SPX, +0.07% gain of 16%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney plans to speed up and expand investment in parks and cruises businessThis is breaking news. Please check back for updates.
Source: NBCNewYork - 🏆 270. / 63 Read more »