Six Flags Investment Follows Disney Splashing Cash On Parks -- Market Talk

Dow Jones11-14

1035 ET - Six Flags' plan to pour cash into its parks looks like a heavier lift than much larger rival Disney's investment announced last year. Six Flags will spend $1 billion on new rides, dining upgrades and new tech in the next two years. Disney, over a year ago, outlined a $60 billion investment in its parks, cruises and resorts over the next 10 years. The former's investment, though, represents a larger share of annual operating income. Disney's experiences unit rakes in about $9B in operating income per fiscal year, while Six Flags is on track for less than $500 million this year, according to analyst estimates. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

November 14, 2024 10:35 ET (15:35 GMT)

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Six Flags will spend $1 billion on new rides, dining ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765489.SGD","symbol_name":"FTIF - Franklin Mutual US Value A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483388891","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483388891","pubTimestamp":1731598500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1035 ET - Six Flags' plan to pour cash into its parks looks like a heavier lift than much larger rival Disney's investment announced last year. 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