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

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%.

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Disney plans to speed up and expand investment in parks and cruises businessThis is breaking news. Please check back for updates.
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