Disney boosts park investments, is in a 'period of transition': Analyst

Disney (DIS) is investing big in its park business. The entertainment giant announced it will invest $60 billion into its parks and cruise business over the next 10 years. Third Bridge Group Sector Analyst Jamie Lumley says the company is in a "period of transition" as it tackles an unprofitable streaming business, a linear business that's under pressure, and concerns about the impact of price hikes at the parks. Lumley argues that given the uncertainty surrounding the streaming and linear businesses, Disney is choosing to "bolster" a business that tends to be more reliably profitable.