Disney Stock Slides as Company Announces $60B Investment in Theme Parks and Cruises
Disney's stock slipped nearly 3% after the company announced plans to double its investment in theme parks to $60 billion over the next decade. The media giant believes its theme parks have the potential to become an even more profitable venture. The announcement comes as Disney has been focusing on its legacy media assets and addressing financial vulnerabilities. The push into parks also comes amid a politically sensitive moment in Florida, with Governor Ron DeSantis and Disney CEO Bob Iger engaging in a war of words. Disney's parks currently host about 100 million guests a year, but the company sees significant room for expansion and aims to reach an addressable market of over 700 million people with high Disney affinity.
- Disney Stock Slips After Media Giant Unveils Plan To Double Spending On Theme Parks To $60B Over Next 10 Years Deadline
- Disney plans to nearly double its investment in parks and cruises business CNBC
- Disney to Invest $60 Billion in Theme Parks, Cruises Over Next Decade The Wall Street Journal
- Disney to Nearly Double Investment in Its Parks Business. The Stock Is Falling. Barron's
- Disney, Challenged Elsewhere, Plans to Spend $60 Billion on Parks and Cruises The New York Times
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