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Disney's $60 Billion Capex Plan: Ambition or Empty Promise?
In a surprising move, The Walt Disney Company announced a staggering $60 billion capital expenditure (capex) plan over the next ten years, primarily aimed at expanding its Parks, Experiences, and Products segment. This announcement, made through an SEC filing, sent ripples through the financial and entertainment worlds, with many expecting a boost in Disney's stock price. However, contrary to expectations, Disney’s shares fell by over 3.5% on the day of the announcement, amid broader market declines.