Advertisement

OTHER NEWS - Sept. 30, 1991

Share via
From Times Staff and Wire Reports

Disney to Trim Capital Spending: Walt Disney Co.’s capital spending will tail off in 1992 after it opens the $3.5-billion Euro Disneyland, President Frank Wells said. Wells, at a weekend celebration in Lake Buena Vista, Fla., marking the 20th anniversary of Walt Disney World, declined to say how much it would fall. He said the anticipated drop is related to the fact that Disney completed two Florida resorts this year and will open Euro Disneyland in April. A spokesman said Disney is spending about $1 billion this year.

Advertisement