Morning Brew Daily Disney's $60B Park Investment & Amazon Bulks Up for the Holidays
Sep 20, 2023
Disney is set to invest a whopping $60 billion in its theme parks, aiming to revive its fortunes while facing challenges in other sectors. Meanwhile, Amazon ramps up hiring for the holiday season as it dominates the e-commerce landscape. The trend of entrepreneurship through acquisition is gaining traction among MBAs as traditional job routes change. Also discussed are the evolving dress codes in the Senate, reflecting shifting office culture. Lastly, a legal battle arises over an artist returning blank canvases to a museum, stirring up debates about art and contracts.
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Disney's Big Park Bet
- Disney will invest $60 billion in parks and cruises over 10 years, doubling its previous decade's investment.
- This comes as Disney's stock hits a low, amidst struggles with other ventures like movies and streaming.
Parks as Disney's Stronghold
- Disney's park business is its strongest, generating 80% of profits and a third of revenue.
- This investment reflects the struggles of Disney's other ventures, like cable (ESPN) and the box office.
New IP and Cruise Focus
- Disney may focus on newer IPs like Coco, Zootopia, and Encanto for park expansions.
- They are also investing in cruises and a new port in the Bahamas due to limited land expansion opportunities.