Disney to Invest $60B in Theme Parks and Products Division, Doubling Initial Plan
Disney announced it would nearly double its planned investment to roughly $60 billion over 10 years in its theme parks, experiences, and products division. Disney plans to lean on its popular brands and intellectual properties to build out its theme park attractions, highlighting potential opportunities from properties like Frozen, Zootopia, and more. Disney reported the parks segment saw a 13% revenue increase to $8.3 billion in its recent quarter, demonstrating the strength of live experiences. The announcement comes amid lawsuits between Disney and Florida Governor Ron DeSantis over proposed park expansion plans in the state.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Disney announced it will nearly double its planned investment to roughly $60 billion
00:06 over the course of 10 years in its theme parks, experiences, and product divisions.
00:11 Disney plans to lean on its popular brands and intellectual properties to build out its
00:14 theme park attractions, which highlights potential opportunities from properties like Frozen,
00:19 Zootopia, and more.
00:21 Disney reports that park segments saw a 13% revenue increase to $8.3 billion in its recent
00:27 quarter, demonstrating the strength of its live experiences.
00:30 The announcement comes amid lawsuits between Disney and Florida Governor Ron DeSantis over
00:35 proposed park expansion plans in the state.
00:37 For all things money, visit Benzinga.com.
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