Walt Disney announces ambitious $60 billion park expansion plan for next decade #shorts

Disney has announced its intention to increase its investment in its parks division to around $60 billion over the next decade, nearly doubling its initial plan. While Disney faces challenges in the media and entertainment industry, its theme parks division has shown strength, particularly in international parks, with a 13% revenue increase in the third quarter. Disney plans to leverage its brands and intellectual property to expand its theme parks. The company is embroiled in lawsuits with Florida Governor Ron DeSantis over its proposed expansion in Orlando, with Disney accusing the governor of political retaliation. Disney had previously announced a $17 billion investment in its Florida theme park.

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