"Disney's Strategic Moves: Dividends, Streaming Sports, and Strong Earnings"

Disney's first quarter results showed a surge in profit and free cash flow, driven by aggressive cost-cutting and a focus on turning its streaming business profitable. The company plans to boost its quarterly dividend payment by 50% and spend about $3 billion on share buybacks, totaling more than $6 billion of capital returns to shareholders over the next year. While the streaming business is on the cusp of profitability, Disney still needs to revitalize its film business, but its strong lineup of upcoming releases and potential in the streaming market make it a promising long-term investment.