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Disney stock drops after company reveals plan to double theme park spending

Por: New York Post Business September 19, 2023

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Disney’s stock tumbled more than 3% on Tuesday after the Mouse House revealed it will nearly double spending on its theme parks and resorts business. Disney said on Tuesday it plans to spend about $60 billion over the next 10 years building out the lucrative but capital-intensive businesses, according to an SEC filing. The entertainment giant said it has over 1,000 acres of land it could develop and cited the growth it has seen over past years... + full article



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