Filing documents show that the entertainment giantdisneyDisney plans to spend approximately US$60 billion over the next ten years for expansioninvestundertheme parkCruise lines and similar investment schemes.
The Wall Street Journal (WSJ) reported that Disney said it could invest more in its theme parks, experiences and product divisions due to its stronger financial position. Disney mentioned the expansion of the investment in filing documents submitted to the Securities and Exchange Commission (SEC) on the morning of the 19th. Disney said it would prioritize investing in projects that could bring attractive returns, including theme parks and cruise lines in the United States and around the world.
However, the market is clearly not optimistic about this investment plan. Disney’s US stocks fell 3.8% in early trading on the 19th.
Revenue from Disney’s theme parks has been a bright spot, helping to offset losses from streaming and other ventures. However, according to a WSJ report in July, Disney
Theme park attendance this summer is lower than ever before.
Some industry analysts and travel consultants believe that Disney’s increase in theme park ticket prices has led to the decline in visitor numbers. Disney executives have said they expect profits at the American Disney parks to decline this year.