Florida mulls U-turn on move to strip Disney theme-parks of self-governing status - FT




 

(Reuters) - Florida lawmakers are mulling plans to reverse a move that would strip Walt Disney Co of its right to operate a private government around its famous theme-parks, the Financial Times reported on Friday, citing people briefed on the plan.

In April, lawmakers had given their final approval to a bill ending Walt Disney's designation as a self-governing entity, in an apparent response to its opposition to a state law limiting the teaching of LGBTQ issues in schools.

The new law would also mean that Disney would have to pay more taxes, state governor Ron DeSantis had said in April when he signed the bill.

The state lawmakers are working on a compromise that would allow Disney to keep the arrangement largely in place with a few modifications, the FT report said.

A spokesperson at DeSantis' office said that the governor "does not make U-turns," but added that a plan was in the works and would soon be released.

"We will have an even playing field for businesses in Florida, and the state certainly owes no special favors to one company. Disney's debts will not fall on taxpayers of Florida."

The FT report added that the return of Bob Iger as CEO last month could help pave the way for a resolution on the law.

The bill signed in spring this year by DeSantis eliminates special governing jurisdiction that allowed the company to operate Walt Disney World Resort as its own city.

Disney had condemned Florida's LGBTQ legislation dubbed as "don't say gay" bill by critics, which bans classroom instruction on sexual orientation or gender identity for children in kindergarten through third grade.

Disney did not respond to a request for comment.

(Reporting by Akanksha Khushi and Jahnavi Nidumolu in Bengaluru; Additional reporting by Rhea Binoy; Editing by Dhanya Ann Thoppil and Shailesh Kuber)

COMMENTS

More Related News

Disney to cut 7,000 jobs in Iger
Disney to cut 7,000 jobs in Iger's company 'transformation'

The Walt Disney Co. said Wednesday it will cut about 7,000 jobs as part of a "significant transformation" announced by CEO Bob Iger.

Biden to appeal to seniors in bid to put Florida back in play
Biden to appeal to seniors in bid to put Florida back in play
  • US
  • 2023-02-09 11:09:19Z

U.S. President Joe Biden will travel to Florida on Thursday to push his argument that only Democrats will protect Social Security and Medicare, and try to...

Nikki Haley presidential run would sink DeSantis and hand Trump victory - poll
Nikki Haley presidential run would sink DeSantis and hand Trump victory - poll

Yahoo News/YouGov survey finds that an additional Republican candidate would split the vote in former president's favor

Focused on 2024, Biden sees opportunity in GOP-held Florida
Focused on 2024, Biden sees opportunity in GOP-held Florida
  • US
  • 2023-02-09 05:06:13Z

The president sees a chance to use Social Security and Medicare to drive a wedge between GOP lawmakers and their base of older voters who rely on these...

Trump escalates his attacks on Ron DeSantis as a 2024 clash brews
Trump escalates his attacks on Ron DeSantis as a 2024 clash brews

Former President Donald Trump is branding Florida Gov. Ron DeSantis as a RINO and raising questions about his past - efforts DeSantis describes as a "smear."

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments