Disney to double investment in parks and cruises

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Disney announced Tuesday it will spend heavily on its parks and cruises, with plans to invest $60 billion over the next decade to expand that segment of its business.

plans to significantly bolster its investments in its amusement parks and cruises, announcing Tuesday that it will spend around $60 billion over the next decade on the parks, experiences and products segment of its business.the increase in capital expenditures is nearly double what it spent on the DPEP over the past 10 years, and it aims to expand capacity at its parks and cruise lines worldwide.

A sign near an entranceway to Walt Disney World on May 22, 2023, in Orlando, Florida. Disney has the largest physical footprint of any theme park business in the world, and is planning to expand it further.is set to meet with Wall Street analysts and investors Tuesday to discuss the company's growth strategy, which will be focused on leveraging Disney's stories, building on its already massive theme park footprint, and reaching more fans, the company said in a press release.

 

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Disney to double Parks investment to $60 billion over the next 10 yearsThe Walt Disney Co. is expanding its investment in Disney Parks, Experiences and Products to almost double, reaching approximately $60 billion over...
Source: MarketWatch - 🏆 3. / 97 Read more »