The Walt Disney Company looks to expand on its thriving theme park business.

<div class="block">The Walt Disney company is set flood its theme park properties with funds for expansion. In the company&#39;s most recent earnings call, Disney parks performed better than anticipated and now the house of mouse wants to continuing building. Cheddar News senior reporter Michelle Castillo has details in the pending $60 billion investment.</div>

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Disney to Expand Theme Park and Cruise Business 

And during its most recent earnings report, Disney's Parks and Cruises Division was one of the only bright spots for the company. And now it's planning to invest heavily in those areas. Chetta News, senior reporter Michelle Castillo has more. So Michelle Disney posted an sec filing detailing its future business plans. What does it say to a Disney said it plans to invest about $60 billion in its parks experiences and products division over the next decade, but it's pretty mum on those details. However, it is planning an Investor Day today and we may learn more. So according to C NBC Disney believes it has a quote, a deep well of stories that has yet to be fully explored at its parks. The presentation today will also detail upcoming Frozen and Zootopia attractions in Hong Kong, Paris, Tokyo and Shanghai. It also noted that it had a great return on investment when it invested heavily into the same division in 2017. Since Bob Iger has returned as Ceo Disney has been updating its parks division. You may remember earlier this year, it revamped its reservation and ticketing systems due to customer complaints over high prices and long wait times. So what does this mean for our future, you know, the future of Disney Parks, the experiences. So many families just love going to Disney, what's going to change? Well, one thing I found particularly interesting in the preview comments obtained by CNBC is that it seems like the expansions are focusing on international parks and actually this makes perfect sense. So remember I said the Park division was a bright spot for the company. It did very well. It brought an $8.3 billion or an increase of 13% year over year. But the majority of that good news came from international Park attendants in particular Shanghai Disney Resort and Hong Kong Disneyland Resort. Now in the case of Shanghai, that park was actually open for the full quarter as opposed to just three days a quarter before because of COVID-19 shutdowns Hong Kong story however was a little different. It had higher guest spending due to higher ticket prices and more people coming in overall. But over here in the US, it's been a different story. Domestic attendance has decreased. The biggest slowdown was at the Walt Disney Resort in Orlando Florida. Now the company blamed higher costs and lower attendance and while people did spend a little more when they were there, it was offset by inflation. Disney Vacation Club also took a hit stateside with lower unit sales. So it's not only Disney that's facing this parks issue. Comcast universal studios, theme parks also saw domestic slowdowns. But let's remember that Disney's domestic division still makes about 3.5 times more in revenue than international. But I think the company sees growth opportunities overseas. Thanks so much Michelle Castillo live in the studio.