Disney Falls After Doubling Park Spending to $60 Billion
- Company announces 10-year investment plan for resorts unit
- New attractions, cruise ships have driven profit growth
Disneyland in Anaheim, California.
Photographer: Paul Hiffmeyer/Disneyland Resort/Getty ImagesWalt Disney Co. plans to nearly double investment in its parks and resorts segment to $60 billion over the next ten years.
The world’s largest theme-park operator said it has over 1,000 acres of land it could develop and cited the increased profits it has seen over past years from investing in rides, cruise ships and other attractions tied to its movies and characters, according to a filing Tuesday.