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Why Disney Is Betting $60 Billion on Parks and Cruise Liners

TheMotleyFool

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Why Disney Is Betting $60 Billion on Parks and Cruise Liners: https://g.foolcdn.com/editorial/images/748783/family-at-theme-park.jpg

Disney's (NYSE: DIS) media business is in turmoil, with the cable bundle falling apart and the streaming business losing money. But business at its parks is growing like crazy and that's why Disney recently announced a $60 billion investment in parks and cruises over the next decade.

In this video, Fool.com contributor Travis Hoium discusses what's going to be built and why this might be the best use of Disney's money.

*Stock prices used were end-of-day prices of Sept. 24, 2023. The video was published on Sept. 26, 2023.

Source Fool.com

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