The Walt Disney Co. DIS is expanding its investment in Disney Parks, Experiences and Products to almost double, reaching approximately $60 billion over approximately the next 10 years. The investment will include investing in expanding and enhancing domestic and international parks and cruise line capacity and prioritizing projects anticipated to generate strong returns, according to an SEC filing. Walt Disney shares fell 1.5% in premarket trades Tuesday. The company’s stock has fallen 2.1% in 2023, compared with the S&P 500 index’s SPX gain of 16%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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