Disney plans to nearly double its investment in parks and cruises business

Disney said it will nearly double its planned investment in the parks and cruises business.

The company said in a securities filing on Tuesday it will nearly double its planned investment to $60 billion over the course of 10 years.

While the company is grappling with the changing media and entertainment landscape – and trying to make its streaming business profitable while considering sales of its traditional TV networks – the theme parks, experiences and products division has been a bright spot.

Still the domestic parks, particularly Walt Disney World in Florida, has seen a slowdown in attendance and hotel room purchases. Instead, the segment’s strength has come from its international parks. During the third quarter the division saw a 13% increase in revenue to $8.3 billion.

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