Disney World celebrated its fiftieth anniversary in April 2022.
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Disney mentioned it’s going to practically double its deliberate funding within the parks and cruises enterprise.
The corporate mentioned in a securities submitting on Tuesday it’s going to practically double its deliberate funding to $60 billion over the course of 10 years.
Whereas the corporate is grappling with the altering media and leisure panorama – and making an attempt to make its streaming enterprise worthwhile whereas contemplating gross sales of its conventional TV networks – the theme parks, experiences and merchandise division has been a shiny spot.
Nonetheless the home parks, significantly Walt Disney World in Florida, has seen a slowdown in attendance and lodge room purchases. As a substitute, the phase’s energy has come from its worldwide parks. Throughout the third quarter the division noticed a 13% enhance in income to $8.3 billion.
That is breaking information. Please examine again for updates.
