Posted 9/19/2023, 1:00:35 PM

Disney to Invest $60 Billion in Parks and Cruises Over 10 Years Despite Recent Struggles

Disney plans to nearly double its investment in parks and cruises to $60 billion over 10 years.
The theme parks division has been a bright spot amid struggles in other units like streaming.
Disney World in Florida has seen slowing attendance recently. International parks have driven growth.
Disney will use IP like Frozen and Zootopia to build new attractions globally.
Disney is increasing investment after complaints about prices and wait times.

cnbc.com

Relevant topic timeline:

9/19/2023

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Disney shares declined in early trading after the company announced plans to invest $60 billion in its theme parks over the next decade to further increase profitability and expand its reach to a large addressable market of individuals with "high Disney affinity" who have yet to visit the parks.

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