Disney Is Spending $60 Billion on Experiences: History Says It's the Right Move That Will Pay Off Years From Now.

Investors certainly know Walt Disney (DIS -1.10%) as the media and entertainment powerhouse that owns popular cable networks including ABC, The Disney Channel, FX, and ESPN. The business also has a budding streaming division that is starting to report positive operating income.But in fiscal 2024, 37% of the company's revenue came from the experiences segment, which encompasses Disney's theme parks, cruise ships, and consumer products. It's a key part of the flywheel that helps the brand connect with consume ...