Disney‘s (DIS -1.19%) media business is in turmoil, with the cable bundle falling apart and the streaming business losing money. But business at its parks is growing like crazy and that’s why Disney recently announced a $60 billion investment in parks and cruises over the next decade.
In this video, Fool.com contributor Travis Hoium discusses what’s going to be built and why this might be the best use of Disney’s money.
*Stock prices used were end-of-day prices of Sept. 24, 2023. The video was published on Sept. 26, 2023.
Travis Hoium has positions in Walt Disney. The Motley Fool has positions in and recommends Walt Disney. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.