Disney to hike theme park pass, ticket prices

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Disney (DIS) announced it will increase ticket prices for California's Disneyland and annual passport prices to Florida's Walt Disney World. Depending on the tiers, annual passes will see price hikes ranging from $30 to $50, as well as its most costly pass — the Incredi-Pass — spiking to $1,449. The repricing comes after the company announced a $60 billion investment into its theme parks over the next 10 years.

Seana Smith and Brad Smith break down the latest with Disney's announcement.

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