Disney World recently celebrated its 50th anniversary in April 2022. In a securities filing on Tuesday, Disney announced that it will nearly double its planned investment in parks and cruises to $60 billion over the next 10 years. Despite facing challenges in a changing media and entertainment landscape, Disney’s theme parks, experiences and products divisions are performing well. However, there has been a decline in attendance and hotel room purchases at the domestic parks, particularly Walt Disney World in Florida. On the other hand, international parks remained strong, with a 13% increase in revenue to $8.3 billion reported in the third quarter. Stay tuned for more updates on this breaking news.

By Editor

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