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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