Go with what you know. I’m sure there’s an old adage to that effect, or at least there should be. Disney is doubling down on investments in their parks and cruise lines with their recent talks about selling off ABC, FX, and National Geographic as well as possibly selling a minority stake in ESPN. Over the next 10 years Disney is now planning to spend double their initial plan of $30 Billion, to now spend $60 Billion on “expanding and enhancing domestic and international parks and cruise line capacity.”
Count me as a Disney fan! Not only does my wife own stock in the company, but we absolutely love their cruise line and Disney’s Castaway Cay private island in the Bahamas. If Disney’s plan to double capital expenditures means they’ll be able to add more cruise ships and boost the company’s revenue I couldn’t be happier!
Disney Plans to Expand Parks Investment, Doubling Capital Expenditures Over 10 Years