Walt Disney Co. has agreed to drop its lawsuit against Florida Gov. Ron DeSantis.

Disney finalized a 15-year development deal for Walt Disney World Resort.

The $17 billion investment will allow Disney to expand the resort with a fifth major theme park, additional hotel rooms, and retail space.

Disney will donate land for infrastructure projects and prioritize Florida-based companies for construction.

The agreement follows a previous settlement in March that ended a legal battle over a controversial law.

DeSantis and Disney are now collaborating on a new comprehensive plan for the resort's development.