Disney to accelerate and broaden its investments in parks and cruises sector

Disney Planet 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 organization 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 goods division has been performing nicely. On the other hand, there has been a decline in attendance and hotel space purchases at the domestic parks, specifically Walt Disney Planet in Florida. On the other hand, the international parks have remained powerful, with a 13% raise in income to $eight.three billion reported in the third quarter. Remain tuned for extra updates on this breaking news.