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Disney Drops Appeal Of Its Ron DeSantis Lawsuit Following New Theme Park Development Agreement
Florida would see up to $17 billion in investment from Disney over "the next ten to twenty years." The deal also sets the stage for a fifth park at Walt Disney World.
That item may just be additional flexibility, but it also could make room for Disney to restart its plan to move approximately 2,000 Parks, Experiences & Products staffers and their families to central Florida from California. In response to a question about competition from NBCU during the company’s last earnings call, Disney CEO Bob Iger said, “We’ve been aware of Universal’s plans for a new park for more than a decade. But Disneyland, despite growing attendance and per capita spend, saw results dip year-on-year on higher costs, including labor, said CFO Hugh Johnston on an earnings call with analysts.
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