No more Disney boycotts? DIS signs massive $17 billion deal

Group 1: Legal and Investment Developments - Disney is set to invest approximately $17 billion in building its 5th theme park in Florida, marking a resolution to nearly two years of litigation with Governor Ron DeSantis [1] - The company has agreed to donate up to 100 acres of its Disney World property for district-managed infrastructure projects and to award at least half of its construction contracts to Florida-based companies [1] - Disney will also spend a minimum of $10 million on affordable housing in central Florida [1] Group 2: Financial Performance - The Experiences division, which includes theme parks and consumer products, reported a 10% increase in revenue to $8.4 billion, with operating profit rising 12% to nearly $2.3 billion in the second quarter [2] - Growth was primarily driven by international markets, particularly Hong Kong Disneyland, while Walt Disney World and the cruise line also performed well [2] - Disneyland's results declined year-on-year despite increased attendance and per capita spending due to higher costs, including labor [2] Group 3: Stock Performance - Disney stock remains significantly below its all-time high of nearly $200, which was reached almost four years ago [3] - The stock dropped below $90 in 2022 due to challenges from the Coronavirus pandemic and targeted boycotts [3] - Since then, shares have been on a slow recovery path, with potential for increased revenue streams in the upcoming years [4]