|
|
Post by BWV Dreamin on Sept 19, 2023 8:10:35 GMT -5
TRY THIS LINK. www.foxbusiness.com/markets/disney-double-investment-parks-cruisesHttps://www.cnbc.com/2023/09/19/disney-plans-to-speed-up-and-expand-investment-in-parks-and-cruises-business.htmlDisney said it will nearly double its planned investment in the parks and cruises business. The company said in a securities filing on Tuesday it will nearly double its planned investment to $60 billion over the course of 10 years. While the company is grappling with the changing media and entertainment landscape – and trying to make its streaming business profitable while considering sales of its traditional TV networks – the theme parks, experiences and products division has been a bright spot. Still the domestic parks, particularly Walt Disney World in Florida, has seen a slowdown in attendance and hotel room purchases. Instead, the segment’s strength has come from its international parks. During the third quarter the division saw a 13% increase in revenue to $8.3 billion.  |
|
|
|
Post by disney54us on Sept 19, 2023 13:09:28 GMT -5
With that announcement stock dropped today to $81.79.
|
|
|
|
Post by a1000monkeys on Sept 19, 2023 13:28:43 GMT -5
I hope to see an expansion at Disneyland. There are some interesting ideas floating around of what they could do with some of the potential spaces. I think they are going for City of Anaheim approval soon.
|
|
|
|
Post by tomandrobin on Sept 19, 2023 14:50:48 GMT -5
paywall.....
Cant read the article.
|
|
|
|
Post by tomandrobin on Sept 19, 2023 14:51:35 GMT -5
With that announcement stock dropped today to $81.79. Because Diseny is floating in so much debt already and shareholders want to profits and dividends. |
|
|
|
Post by tomandrobin on Sept 19, 2023 14:52:20 GMT -5
I won't be holding my breath for something new anytime soon.
|
|
|
|
Post by brp on Sept 19, 2023 14:56:36 GMT -5
With that announcement stock dropped today to $81.79. Because Diseny is floating in so much debt already and shareholders want to profits and dividends. Yup. Customers like when a company talks about spending money on improvements. The Street doesn't.
Cheers.
|
|
|
|
Post by disney54us on Sept 19, 2023 15:20:12 GMT -5
With that announcement stock dropped today to $81.79. Because Diseny is floating in so much debt already and shareholders want to profits and dividends. Well you just may get your stock purchase if it hits the $70’s the way things are going. |
|
|
|
Post by BWV Dreamin on Sept 19, 2023 15:49:14 GMT -5
|
|
|
|
Post by BWV Dreamin on Sept 19, 2023 15:50:34 GMT -5
Because Diseny is floating in so much debt already and shareholders want to profits and dividends. Well you just may get your stock purchase if it hits the $70’s the way things are going. Yes you would think this announcement would actually spur an increase. But Disney is really behind and even investing this much money seems a little too late. |
|
|
|
Post by BWV Dreamin on Sept 19, 2023 15:52:12 GMT -5
I won't be holding my breath for something new anytime soon. They already have so much debt and now announcing new measures that will increase that debt, well Wall Street didn’t like it as BRP said. |
|
|
|
Post by Brian5581 on Sept 19, 2023 19:31:56 GMT -5
I won't be holding my breath for something new anytime soon. Most definitely. That said, it’s difficult to recall many times within the last 20 years where we’re discussed an increase in spending in the division. Because Diseny is floating in so much debt already and shareholders want to profits and dividends. Yup. Customers like when a company talks about spending money on improvements. The Street doesn't.
Cheers.
Absolutely. The start of Disney gearing up for the inevitable questions concurrent with the opening of Universal’s Epic Universe next year. |
|
|
|
Post by lovindisney on Sept 21, 2023 10:43:32 GMT -5
Great move!
|
|
|
|
Post by MinnieMom on Sept 23, 2023 18:11:27 GMT -5
Fingers crossed. Seeing that in SEC filing means hope for this, I think. But I'd be surprised if they could do much for the next year or two. Things just seem to move slowly.
|
|
