Description
The Walt Disney Co. is planning to invest approximately $60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments.
The company said in a regulatory filing on Tuesday that the planned investment is nearly double what it spent in the prior 10-year period.
The Disney Parks, Experiences and Products segment continues to do well for the company, with revenue rising 13% in its fiscal third quarter. That's helped to offset the struggles in its Disney Media and Entertainment Distribution unit, which saw revenue dip 1% in the period.
MORE: https://www.wtsp.com/article/news/nation-world/disney-expansion-theme-parks-cruises-investment/507-73e8aa33-1968-4953-9720-5d3b63c8d78d
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