Good article

[ricktib]

As much as many of us are frustrated with double-digit price increases and cutbacks on services, entertainment, and special effects, this was good to read, regarding the last quarterly earnings conference call:

...in fiscal 2007, you won't see Disney resting on past successes; it plans to increase capital expenditures during the year somewhere in the neighborhood of $400 million to $500 million, according to the conference call. Approximately half of this increase will be devoted to theme-park development, which will further reinforce Disney's competitive advantage against the likes of Cedar Fair and Six Flags. The other half of the increase will be dedicated to digital initiatives.

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