Disney said in a securities filing Tuesday it will nearly double its planned investment in its parks division to roughly $60 billion over the course of 10 years.
Still, the company's domestic parks, particularly Walt Disney World in Florida, have seen a slowdown in attendance and hotel room occupancy.
Disney will lean on its brands and intellectual property as it builds out its theme parks.
The company planned to unveil more details about the investment at its investor day Tuesday.
Disney highlighted the historical results of the parks and experiences business since 2017 on the back of heightened investment.
Persons:
Disney, Bob Iger
Organizations:
Disney, Walt Disney
Locations:
Florida, Hong Kong, Paris, Tokyo, Shanghai