I made an additional investment in Disney, despite recent concerns over its workforce cuts and higher spending on talent, like Stephen A. Smith’s $100 million contract. While ESPN struggles, the company’s continued investment in top talent and its animation workforce’s pay raises reflect a commitment to long-term growth. Despite the mixed reaction from investors, Disney’s strategic spending on key personnel could help retain its competitive edge, particularly in media and entertainment. I see potential for value in the stock as Disney navigates these challenges.
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