Disney May Have Just Mistakenly Admitted That Theme Park Expansions Are Being Significantly Reduced

Last April, Disney CEO Bob Iger announced that the company planned to spend $60 billion on its Disney Experiences division over the next decade. Of that, $30 billion would be spent on Disney Parks, $18 billion on tech and maintenance, and $12 billion on Disney Cruise line. As I looked at the returns on the invested capital that we made in this business over the 15 years prior to my coming back,...

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