Media giant Disney is set to significantly expand its investment into its cruises and theme parks, Disney announced Tuesday.
In a new filing with the Securities and Exchange Commission, Disney will pump $60 billion into its Disney Parks, Experiences and Products segment across the next 10 years.
This is double the investment the company has put into its parks division across the course of the previous decade.
The move comes as Disney continues to take revenue losses on its streaming platform and media assets while the company’s entertainment parks proceed to keep pulling in cash.
