Disney CFO Christine McCarthy Announces Capital Expenditures Reduced by $700M Across U.S. Disney Parks

Disney Chief Financial Officer Christine McCarthy announced that capital expenditures, which include the costs for building and maintaining physical properties, will be reduced by $700 million across Disney Parks within the United States.

Disney Parks Capital Expenditures Increases Due to Cruise Ship Fleet Expansion

Aboard the Disney Wish, the cruise ship deck at night comes alive with a spiral staircase leading to an enchanting hot tub, vibrant lighting dancing around you, and thrilling water slides promising endless adventure.

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 … Read more

Governor DeSantis Responds To CEO Iger’s Comments on Florida ‘Battle,’ Walt Disney Company Plans to Increase Spending, Cast Members Protest Low Wages, & More: Daily Recap (11/30/22)

We bring you a lot of stories every single day. Sometimes it’s hard to keep up. So in case you missed anything from our feed, we have rounded up all our stories in one place to get the news at a glance. Here is your Daily Recap for Wednesday, November 30, 2022. Walt Disney World Magic … Read more

Disney Expects to Increase Capital Expenditures to $6 Billion, Likely Indicates Many New Theme Park Projects

In today’s Q3 earnings call, Disney revealed they expect to increase their capital expenditures to $6 billion in the coming years, an ambitious number that would likely be largely represented in the Disney Parks, Experiences, and Products division. Disney’s goal in the coming years is to spend around $6 billion in capital expenditures, which generally … Read more

Disney Reduces Capital Expenditure Decrease for Parks to $700 Million

As it turns out, Disney Parks, Resorts and Products will be spending more than previously expected on construction and refurbishments at the theme parks. At last week’s Q3 earnings call, The Walt Disney Company announced that the cut in capital expenditures has been reduced to $700 million. Previously, a $900 million cut was expected. Disney … Read more