Florida Governor Ron DeSantis escalates Disney criticism
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Florida Governor Ron DeSantis escalates Disney criticism
Florida Governor Ron DeSantis escalates Disney criticism
Yahoo Finance’s Allie Canal joins the Live show to discuss the latest surrounding Disney’s battle against Florida Governor Ron DeSantis and the outlook for Disney’s expected job cuts.
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Florida Governor Ron DeSantis escalates Disney criticism
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Yahoo Finance’s Allie Canal joins the Live show to discuss the latest surrounding Disney’s battle against Florida Governor Ron DeSantis and the outlook for Disney’s expected job cuts.
Video Transcript
- The battle of Disney versus Ron DeSantis escalating as the Florida governor continues to criticize the media giant's parks and properties. Yahoo Finance's Allie Canal has the latest on Disney versus DeSantis. All right, what do we know now?
ALLIE CANAL: Well, it seems like this battle is never ending, right? And DeSantis, he's been on a tour promoting his book. And he's basically using that to attack Disney every chance he gets. Especially after Disney outmaneuvered the governor with his hand-selected Oversight Board, basically passing last-minute legislation that essentially renders this new board powerless. So that created a whole new set of problems.
But on Wednesday, that board did make a move to try to regain power by eliminating a planning agency and transferring the responsibility for all future planning over to the board. On top of that, this move comes just two days after DeSantis threatened to develop land near Disney. Some ideas he floated was a state park or a state prison. That created quite a few headlines there.
So it's been this back-and-forth drama for quite some time, all stemming over Disney's unfavorable response to the Parental Rights and Education Act, otherwise known as the Don't Say Gay bill, which bans education of sexual orientation and gender identity from kindergarten to third grade. Bob Iger has defended the company's actions, calling DeSantis policies antibusiness and anti-Florida. So Disney clearly not backing down on this. In fact, last night the company announced that it will break ground next year on a planned affordable housing development just a few miles away from the Magic Kingdom.
And the timing of this was interesting because DeSantis and the board had just criticized Disney for the lack of affordable housing for its 75,000 employees. That is set to be completed in 2026. But before then, I'm sure we're still-- the drama is going to continue.
ReutersFlorida board says it discovers another '11th hour' agreement with Disney
Florida Governor Ron DeSantis' new oversight board has discovered another "11th hour agreement" that allows Walt Disney Co to set its own utility rates at its Orlando theme parks, the board's chairman said on Wednesday. A Disney subsidiary, which provides utility services to the central Florida district that includes the Walt Disney World Resort, negotiated an agreement in February to extend its contract through 2032, Chairman Martin Garcia said at a public meeting. Disney did not immediately respond to requests for comment.
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The new chair of Disney World’s revamped governing body said Wednesday that new supervisors had good intentions about collaborating with the company after they were appointed by Florida Gov. Ron DeSantis, so it was “shameful” when Disney signed agreements with their predecessors stripping them of most of their authority. In response, he had a warning about what the DeSantis-appointed supervisors who now oversee Disney World’s vast Florida holdings might try to achieve in an evolving showdown between the governor and Disney: “Nothing is off the table at this point.”
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