October 2, 2023 4:53 am
Disney to accelerate and broaden its investments in parks and cruises sector

Disney Globe lately celebrated its 50th anniversary in April 2022. In a securities filing on Tuesday, Disney announced that it will almost double its planned investment in the parks and cruises company to $60 billion more than the subsequent ten years. Regardless of facing challenges in the altering media and entertainment landscape, Disney’s theme parks, experiences, and items division has been performing nicely. Nonetheless, there has been a decline in attendance and hotel area purchases at the domestic parks, specifically Walt Disney Globe in Florida. On the other hand, the international parks have remained powerful, with a 13% improve in income to $eight.three billion reported in the third quarter. Keep tuned for far more updates on this breaking news.

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