Disney World celebrated its fiftieth anniversary in April 2022.
Aaronp | Bauer-Griffin | GC Images | Getty Images
Disney mentioned it is going to practically double its deliberate investment in the parks and cruises business.
The firm mentioned in a securities filing on Tuesday it is going to practically double its deliberate investment to $60 billion over the course of 10 years.
While the corporate is grappling with the altering media and leisure panorama – and attempting to make its streaming business worthwhile whereas contemplating gross sales of its conventional TV networks – the theme parks, experiences and merchandise division has been a shiny spot.
Still the home parks, significantly Walt Disney World in Florida, has seen a slowdown in attendance and resort room purchases. Instead, the phase’s power has come from its worldwide parks. During the third quarter the division noticed a 13% improve in income to $8.3 billion.
This is breaking information. Please verify again for updates.