Disney Parks Capital Expenditures Increases Due to Cruise Ship Fleet Expansion

In today’s earnings report, Disney reported an increase in capital expenditures from $1 billion to $1.2 billion, attributed to higher spending at Disney Media and Entertainment Distribution and Disney Parks, Experiences, and Products.

The increase for Disney Parks is “primarily due to cruise ship fleet expansion,” which could refer to the Disney Wish, a new cruise ship that launched last summer, but more likely to the Global Dream ship that Disney Cruise Line bought during this quarter.

The increase for Disney Media and Entertainment Distribution was due to “increased technology spending to support our streaming services,” which would include Disney+ and Hulu.

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