South Florida’s 1st News With Andrew Colton

South Florida’s 1st News With Andrew Colton

You likely saw Andrew Colton reporting live from many of the major events that have shaped our world, including the Pentagon on 9/11, the crash of...Full Bio

 

Disney Doubles Expansion Budget to $60 Billion

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Photo: Wirestock / iStock Editorial / Getty Images

(Orlando, Fla) - Disney plans to invest about $60 billion on its parks and Disney Cruise Line over the next decade roughly double what was spent over the past ten years.

The plan was filed with the Security and Exchange Commission yesterday.

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.

Iger has said the company plans to invest $17 billion over the next decade in Florida, where it is embroiled in a dispute with Governor Ron DeSantis.


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