The primary driver for our current inflation has been the pandemic. Lots of basic consumer items (toilet paper, toys, furniture, etc.) have been in very short supply. Supply goes down and demand goes up and inflation hits.
I certainly agree with you that Disney stock is not the best for returns and growth. But Disney is only one of a large number of a diversified group of investments. I keep an old share of WorldCom, Inc. prominently displayed in my office to remind me that any company can fail at any time. By the time us peons in the peanut gallery find out, it's too late for us to recover.
I am fortunate because I'm in a position that allows me to have a lot of risk tolerance. But of course, I'm sure you know that everyone's risk tolerance is different. The inflationary pressures we're seeing now will allow Disney to make more money. Bob Chapek has taken an old washed up wrestler (formerly known as Flex Kavana) and turned him into a box office star despite the fact that Flex apparently went to the Johnny Weissmuller school of acting. Chapek put the movie in theaters and is streaming it on Disney + simultaneously.
And now Chapek has Jungle Cruise 2 in production. Chapek knows there is no end to this flimflammery. However, just because Bob Chapek is a business genius doesn't mean that I'm going to go all in on Disney stock. This kind of magic can stop at any time. For now, Disney has a well earned place in my diversified holdings.