Disney to nearly double parks spending to USD 60 billion over 10 years

Walt Disney said on Tuesday it would nearly double its capital expenditure for its parks business to about $60 billion over the next 10 years.

Disney CEO Bob Iger and Josh D’Amaro, the company’s parks chief, announced the accelerated pace of investment at a gathering of Wall Street analysts and investors at Walt Disney World Resort in Orlando, Florida, focused on the company’s parks business.