What happened Shares of Disney (NYSE: DIS) were pulling back last month as a combination of factors weighed on the entertainment giant. Among them were a disastrous first-quarter earnings report from streaming rival Netflix (NASDAQ: NFLX), a broader pullback on the market on concerns about inflation and a potential recession, and a brewing political backlash in Florida where Gov. Meanwhile, the dispute that led Florida Governor Ron DeSantis to revoke Walt Disney World's governmental autonomy is unlikely to have a material impact.