Disney to Nearly Double Spending on Parks, Experiences and Products to $60 Billion Over 10-Year Period

Disney is planning to super-size its theme parks and cruise lines business. The Walt Disney Co. disclosed plans to boost capital spending in the Disney Parks, Experiences and Products business segment to nearly double in a 10-year period, as compared with the previous decade, to approximately $60 billion in aggregate. Disney’s stock price fell on the announcement, down 2.8% in early trading Tuesday. Top Mouse House execs, including CEO Bob Iger and Josh D’Amaro, chairman of Disney Parks, Experiences and …